The Canadian Fixed-Income Market: Recent Developments and Outlook

The Canadian fixed-income market is in the midst of a structural transformation similar to those occurring in other national financial markets around the world. The authors examine recent developments and trends in the market and discuss their possible effects. The simultaneous shrinking of the federal government's financial requirements and steady rise in issues of corporate securities have significantly altered the composition of Canada's fixed-income market. Government of Canada securities constitute a predominant portion of outstanding fixed-income securities and play a pivotal role, serving as benchmarks for the valuation of other traded securities and as a hedging vehicle for market participants trying to control their exposure to risk. The reduced issuance of federal government securities has contributed to a decline in the liquidity of the benchmark market. This raises broader issues regarding the future of the Canadian fixed-income market, since the corporate market is still fairly underdeveloped and illiquid compared with that for Government of Canada issues. There are thus currently few benchmark and hedging alternatives. The federal government is, however, committed to preserving the integrity of the market for benchmark issues and is adopting initiatives to enhance market liquidity and alleviate some of the pressures on the effective supply of these securities. Another evolving trend in the market is the emergence of electronic trading platforms. These platforms have the potential to facilitate the price-discovery mechanism, increase cost efficiency, and improve the liquidity and transparency of the market.

On the Relation Between Pay and Performance: Presidents of Liberal Arts Colleges

This paper uses panel data on the salaries and benefits of liberal arts college presidents during the period 2001-02 to 2003-04 to understand what presidents are rewarded for. We try and develop a basic framework in which to understand the president\u27s role in the institution, and attempt to explain what some claim is a combination of high wages and relatively weak pay for performance. The rising income inequality in America has been the subject of much heated debate in the recent past. \u27Excessive\u27 executive pay has been a recurrent theme during 2007 so far, with the Senate gearing up to address this imbalance by trying to pass measures such as limiting income tax deductions companies can claim for executives leaving the firm during the year. President Bush also singled out record levels of executive compensation as a major issue in his \u27State of the Economy\u27 speech in January. A similar story emerges when we examine the executive compensation at universities and colleges across America. While the paychecks that executives in higher education receive are not as stunning as those in the corporate world, they are hefty in their own right, especially when compared with the salaries that faculty at their institutes command. This rise in pay has been especially great in public institutions, with the number of presidents making half a million dollars or more almost doubling between 2003-04 and 2004-05. Moreover, schools with smaller budgets or less willingness to pay often lose their presidents to other universities that pay significantly more; the case in point being three major state universities in Iowa that between them have lost 8 presidents in the last 18 years to institutions that paid significantly more

Why Does Incest Occur? A Distinction Between Genetic and Sociolegal Incest

The present study compares and contrasts intrafamilial biological parent, intrafamilial step parent, and extrafamilial sex offenders who are ages 19 and older and have sexually offended against victims ages 12 and under, on several variables of interest. Sexual assaults reported to the Edmonton Police Service from 2010 to 2014 were included in the sample. The aim of this study was to explore whether there were distinct differences among the three groups. Based on past literature, we hypothesized the following: (a) Intrafamilial offenders will likely be older than their extrafamilial counterparts; (b) There is likely to be no difference in perpetrators’ sex; (c) Any difference in perpetrator’s ethnicity is uncertain; (d) The likelihood to reoffend will likely be greater for extrafamilial offenders; (e) Intrafamilial victims will likely be younger than extrafamilial victims; (f) There is likely to be no difference in victims’ sex; (g) Intrafamilial sexual abuse will likely last longer than extrafamilial sexual abuse; and (h) There will be greater delay in time to report abuse by intrafamilial offenders than extrafamilial offenders. We further expected to find that intrafamilial step parent sex offenders would reoffend more than biological parent sex offenders. The findings will be presented in this poster presentation.   Faculty Mentor: Sandy Jung Department: Psycholog

Retelling the Education Story: Bringing Cool to School Using Progressivism

Nepal’s education system is littered with flaws: teachers are underpaid and untrained, development of the curriculum is neglected, and the number of students failing examinations is higher than the number of those who pass. These problems are consistent throughout the country and as a result, the system that supposedly aims to produce future scientists, engineers, and leaders instead churns out citizens and leaders that repeat the mistakes of past generations. In the past, there has been no movement or reform planned for the low quality of schooling. However, different schools and organizations scattered throughout the country are attempting to do something about the problem by adopting new pedagogies; in one of Nepal’s poorest and most remote districts is the Modern Model Residential School (MMRS), which has adopted a progressive approach to teaching students. The school aims to avoid the traditional form of education commonly found in Nepal and use different technology in combination with hands-on learning to develop skills. This paper dives into how schools like MMRS use progressivism to attempt to change the system that has been characterized as problematic for over half-a-century now. Keywords: Philosophy of education, education: administration, curriculum and instructio

Labor market developments in the United States and Canada since 2000: conference overview and summary of papers

These articles were presented at a conference in December 2004, convened to consider the disparity in job growth between the United States and Canada-namely, while the United States was struggling to create jobs, the number of Canadian jobs was increasing. The conference was cosponsored by the Canadian Consulate General in New York, the Centre for the Study of Living Standards, the Federal Reserve Bank of New York and the New York Association for Business Economics.Labor market ; Labor market - Canada ; Business cycles

On the Relation Between Pay and Performance: Presidents of Liberal Arts Colleges

This paper uses panel data on the salaries and benefits of liberal arts college presidents during the period 2001-02 to 2003-04 to understand what presidents are rewarded for. We try and develop a basic framework in which to understand the president\u27s role in the institution, and attempt to explain what some claim is a combination of high wages and relatively weak pay for performance. The rising income inequality in America has been the subject of much heated debate in the recent past. \u27Excessive\u27 executive pay has been a recurrent theme during 2007 so far, with the Senate gearing up to address this imbalance by trying to pass measures such as limiting income tax deductions companies can claim for executives leaving the firm during the year. President Bush also singled out record levels of executive compensation as a major issue in his \u27State of the Economy\u27 speech in January. A similar story emerges when we examine the executive compensation at universities and colleges across America. While the paychecks that executives in higher education receive are not as stunning as those in the corporate world, they are hefty in their own right, especially when compared with the salaries that faculty at their institutes command. This rise in pay has been especially great in public institutions, with the number of presidents making half a million dollars or more almost doubling between 2003-04 and 2004-05. Moreover, schools with smaller budgets or less willingness to pay often lose their presidents to other universities that pay significantly more; the case in point being three major state universities in Iowa that between them have lost 8 presidents in the last 18 years to institutions that paid significantly more

3, 2, 1

Decreation is a term coined by Simone Weil, described as the program in which we “undo the creature in us” , to submit back to God what God has given us - the self. This project has been a personal duty and life long pursuit presented to me in my early religious upbringing. Direct experience and research have broadened this pursuit to discussions around perception, phenomenology, body awareness, and fear of death. In painting, I reflect on the answers provided in these philosophies and place upon it the important job of examining the construction of the self as well as instigating its deconstruction

Life with my baby in a neonatal intensive care unit: Embracing the Family Integrated Care model

This paper is a personal narrative that describes the components of the Family Integrated Care Model in a neonatal intensive care unit in Canada. I begin by introducing the reader with a brief story of how my son came to be admitted into a NICU. Next, I discuss three aspects of the Family Integrated Care Model that I found to be most striking: medical rounds, “do-ups” and skin-to-skin contact. I also discuss how my immersion in this healthcare setting for three months was a form of autoethnographic fieldwork, as I experienced the NICU both as a parent and a health researcher. Finally, I outline two recommendations to the Family Integrated Care model that might prove to be useful for healthcare professionals in other NICUs to adopt