newsletter (volume 12 issue 1)
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Forecasting the long-term interest rate on Government of Canada bonds: “market-based” versus “conservative” investment
In the article Christopher Bruce examines a subtle issue relating to interest rates. He explains the difference between the interest rates realised by buying bonds and holding them to maturity, and selling and re-buying before maturity. These approaches will result in different estimates of historical interest rates. Continue reading
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Using the HALS/PALS data sets to estimate a loss of income
In the article Derek Aldridge discusses the potential usefulness of Statistics Canada’s HALS/PALS disability statistics when attempting to estimate a person’s loss of income. His opinion is that while one can use these data sets to predict a loss of income, in most cases these predictions are not helpful for our purposes. Continue reading