One of the perks of working at Statistics Canada is that it is easy to win arguments. The trick is to start every sentence with "According to Statistics Canada..." and then rhyme off a long, impressive string of statistics.
This trick makes StatCan employees extremely popular at summertime barbeques and other social gatherings.
Time series are the gold standard of statistical analysis. By measuring the same things in the same way over time, we can develop unique insights into the nature and scope of change over time. Are we richer or poorer? Older or younger? Buying more or less?
Statistics Canada has a long history of producing time series in social statistics, like the Census, and in economic statistics, like the System of National Accounts.
In fall 2012, some 20,000 households across Canada were asked to open their doors to Statistics Canada interviewers, and share details of their financial lives―assets, debts, income, and pensions―as part of the Survey of Financial Security.
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