B.C. credit unions end merger talks, cite operating environments and costs + MORE Jan 29th

A consortium including Brookfield Property Partners appears set to win control of London’s Canary Wharf real estate development with a bid that values majority owner Songbird Estates at $5 billion Cdn.

NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
United States Steel Corp., up $2.31 to $23.58
The steel company reported a drop in fourth-quarter profit and revenue, but the results beat Wall Street expectations.
Freescale Semiconductor Ltd., up $4.81 to $31.16
The computer chip maker reported better-than-expected fourth-quarter earnings results and gave a positive revenue outlook.
Tupperware Brands Corp., up $6.93 to $66.67
The direct seller of plastic storage containers reported better-than-expected fourth-quarter profit and revenue.
Alibaba Group Holding Ltd., down $4.49 to $98.45
Chinese regulators accused the e-commerce giant of permitting sales of fake goods and hurting consumers.
Nasdaq
Apple Inc., up $6.17 to $115.31
The technology company reported better-than-expected fourth-quarter profit and revenue on record sales of its iPhones.
Electronic Arts Inc., up $6.20 to $54.61
The video game maker reported better-than-expected fiscal third-quarter profit and revenue on mobile and sports titles…

Adrian Wyld/CP
Maclean’s is your home for the daily political theatre that is question period. If you’ve never watched, check out our primer. Today, QP runs from 2:15 p.m. until just past 3. We livestream and liveblog all the action.

The must-see moment

When the prime minister takes cheap shots at Justin Trudeau’s apparent wealth, he makes things personal, and people get distracted by the whole charade (take a gander at #QP just past 2:30 p.m.). When he’s not taking cheap shots, however, Stephen Harper sometimes freely admits, almost in passing, to his own ignorance on crucial files. Watch him talk about Iraq.
This afternoon, NDP Leader Tom Mulcair wondered about a persistent Canadian presence on front lines in Iraq, and he recalled the American experience in the same theatre. “Mr. Speaker, Americans aren’t allowed to paint targets for airstrikes. They’re not allowed to accompany Iraqi forces to the front lines. This is exactly what the Prime Minister promised would be the case for Canadian soldiers,” he said…

Canadian Equity Funds
Benchmark index: S&P/TSX Composite Index TR, Five-year return: 8.26%

Fund Name
Fund Name
Five-Year Annualized Return
Tax Efficiency(1)
Current Value of $10,000 Invested Five Years Ago(2)
Performance Rating
Performance Rating
Risk-Adjusted Return (RAR)(3)
Consistency
Bear Market Performance(4)
Risk Rating
MER
Cost Rating
Cost Rating
Minimum Investment

Sentry Diversified Income Fund Series X6
Sentry Diversified Income Fund Series X6
17.16%
80%
$22,073.86
5 Stars
5 Stars
25.79%
61.67%
A
4.5
1.55%
4 Stars
4 Stars
500

Fidelity Canadian Large Cap Fund Series B
Fidelity Canadian Large Cap Fund Series B
16.40%
80%
$21,363.46
5 Stars
5 Stars
21.58%
61.67%
A
4.5
2.31%
4 Stars
4 Stars
500

RBC Canadian Equity Income Fund Series D
RBC Canadian Equity Income Fund Series D
16.13%
88%
$21,124.10
5 Stars
5 Stars
17.90%
65.00%
B
3
1.21%
5 Stars
5 Stars
500

Mawer Canadian Equity Fund Series A
Mawer Canadian Equity Fund Series A
14.68%
97%
$19,832.69
5 Stars
5 Stars
17…

NEW WESTMINSTER, B.C. – Merger talks have ended unsuccessfully for two credit unions in British Columbia.
Westminster Savings Credit Union and Prospera Credit Union announced last September that they had entered into negotiations.
The financial institutions say in a joint news release that they have completed an in-depth analysis of the benefits, risks and costs of uniting.
Westminster board chair Bill Brown says both credit unions believe it is in the best interests of their members and employees to pursue independent business strategies because of costs and operating environments.
Prospera board chair Angela Kaiser says the decision to end the discussions was difficult, and the credit unions want to thanks their management teams and employees.
Westminster Savings was established 70 years ago, while Prospera has more than 65 years of history in the province.
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