First, with respect to the Canadian programs, the Canadian wage subsidy program is helpful. It's a short-term fix. Unfortunately, we have likely in front of us not just several weeks or months of downturn, but likely quarters, or maybe even a couple more years. The wage subsidy program has been helpful in delaying some layoffs, but that might not solve the problem on a long-term structural basis.
The well reclamation program is getting moving right now and we think that's very helpful for the well-servicing segment of our business. Remember, the well-servicing segment is the part of the industry that comes in later in life in the wells, repairs wells and keeps them running, and then eventually abandons the wells. Therefore, the reclamation and abandonment program will be helpful for that segment.
However, the core drilling business is right now operating at, essentially, historic lows. People are leaving the industry. Rigs are moving to the U.S. and other markets. The damage is structural and it's long term. We are looking for help in that area. The plan that we submitted to the province to help stimulate some capital investment in the assets could be very useful. We'd really like the federal finance committee to look to Alberta and look to that, and we will see that the CAODC submits that plan to the federal government also.
Turning to the U.S., I think the wage subsidy programs in the U.S. are working in a similar fashion, but I'd comment that the capital markets in the U.S. are functioning, so the industry isn't as capital starved as we're seeing in Canada. While there is a temporary slowdown right now during this lockdown, we think things in the U.S. will likely return more quickly than in Canada.