Another football season has come and gone as the Seattle Seahawks ended up on top as Super Bowl Champions. Anyone who follows the sport knows thatthey were the clear underdog coming into the final game as they had to face arguably one of the best quarterbacks of all time, Peyton Manning. Not only that, Peyton had just finished the best offensive performance of all time as he shattered numerous records during the year. Yet the 25-year-old quarterback, Russell Wilson, led his team to victory in what was truly complete team domination. After the game Seahawks coach Pete Carroll stated "We envisioned this from day one. We prepared for this. We expected this. We deserved this."
As we look back at 2013, we acknowledge a strong year for equities where the overall market finally advanced after a sideways move that lasted for close to 3 years. One of the main proponents for this breakout was the reemergence of the energy sector that finally increased after a multi-year decline. This was impressive given that Canadian mergers & acquisitions plunged 80% last year as activity was muted due to low commodity prices, high oil sands project costs, and competition from US basins. Most trends that we analyze affect a company’s top line (revenues) but we sometimes forget the vast developments in technology that lead to substantial cost savings for that company and affect the bottom line (profits).
On the evening of December 5th Nelson Mandela passed away at the age of 95. Revered by many as the “Father of a Nation” within South Africa, his name will undoubtedly liveon as one of the most prominent and influential people in recent history. He will be remembered for his activism in overcoming apartheid and fostering racial reconciliation not only in Africa but also around the world. He received many awards and recognitions throughout his life that include the Nobel Peace Prize (1993), US Medal of Freedom, and the Order of Canada as he was the first living person to be made an honorary Canadian citizen. While there are criticisms of certain acts he pursued and friendships he had, they are overshadowed byhis influence on modern society, as he has been dignified as a symbol of freedom, resilience, and hope.