Thank you, Mr. Chair.
Welcome, Mr. Fréchette. You will see that things will be really interesting and that our meetings are not as bad as dentist appointments.
My questions will be about an element of the latest update pertaining to employment insurance. Slide 13 shows a chart that compares the number of regular employment insurance beneficiaries to unemployed persons. That is on page 7. This chart shows a fairly significant drop in the proportion of unemployed persons until July 2013. Could you comment on the causes behind that drop and tell us why you expect the proportion of beneficiaries to increase by 2019?