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Greater Niagara Chamber of Commerce

Summit Speaker Profile: Helmut Pastrick

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Helmut Pastrick

The first plenary speech at this year’s Niagara Economic Summit will be delivered by Central 1 Credit Union Chief Economist Helmut Pastrick.

Central 1 is the central financial facility and trade association for the B.C. and Ontario credit union systems. Central 1 represents a consumer-oriented, full-service retail financial system that serves 2.9 million members and holds $80 billion in assets and is owned primarily by its member credit unions, 45 in B.C. and 113 in Ontario.

Pastrick is the editor of the Economic Analysis of British Columbia and the Economic Analysis of Ontario publications. These sources provide authoritative, unbiased analyses and insights on the provincial economy. Typical issues include forecasts of provincial and regional economies, housing markets and nonresidential construction. In addition, Pastrick provides economic analysis and forecast services to the credit union system.

Prior to joining the Central 1 Credit Union in 1997, he spent many years with the Canada Mortgage and Housing Corporation in BC analyzing and forecasting the provincial housing market and economy.

Pastrick is former President of the Association of Professional Economists of BC, a member of the Canadian Association for Business Economics, and the BC Economic Forecast Council.

He is frequently called upon by the media to provide comments on economic events; and his presentations are in demand by many organizations and groups, including credit unions, trade and professional associations, and service clubs.

At the Summit, Pastrick will turn his attention to Niagara’s labour market, and answer the crucial question of whether our labour market is tight or slack – are there not enough workers, or not enough jobs? Armed with local data provided by Niagara Workforce Planning Board and Niagara Region, among other sources, he will identify which industries and occupations have shortages of workers, which ones have gluts, and what employers need to know about the labour market.

Pastrick will then join a panel discussion with other local labour market experts including Niagara Region’s Director of Economic Development David Oakes, YMCA Niagara Director of Employment and Newcomer Services Deanna D’Elia, MDB Insight Executive Vice-President Trudy Parsons, and Rel8ed.to founder Bob Lytle. Summit attendees will have the opportunity to pose their own questions to the panel.

To hear Pastrick’s insights and ask him your own labour market questions, get tickets to the Summit here.