Thanks to each of you for your presentations today.
I'd like to begin with you, Mr. Johal, on a question about the EI rates and the recent PBO report that suggests that higher-than-necessary EI premiums could cost 10,000 jobs in Canada. Given the fragile employment market today, particularly in terms of youth unemployment and underemployment, what are your thoughts on EI premiums and whether higher-than-necessary EI premiums make sense during a time of soft employment?