There is not much I can add: you have understood the situation clearly. The rates will fluctuate erratically and increase at the worst possible time, when there is a recession.
On May 12th, 2008. See this statement in context.
On May 12th, 2008. See this statement in context.
May 12th, 2008 / 5:30 p.m.
Member, Task Force on Financing of Employment Insurance, Canadian Institute of Actuaries
There is not much I can add: you have understood the situation clearly. The rates will fluctuate erratically and increase at the worst possible time, when there is a recession.
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