Yes.
Thank you very much.
It's a great honour for me to work for Canadian families across the country. There's a lot of anxiety right now. The world is a very different place now, given the tariff war and the impact it is having on Canadian families.
I would say that we knew that this would happen in fact, as we saw tariffs increasingly being applied to Canadian families and to Canadian companies. That's why we took immediate action early on in the spring, to transform EI very rapidly to address any situations of layoffs or instability.
There are two things.
We wanted to make sure that companies that have skilled workers they wish to keep employed would be able to do that. We've been able to apply work sharing in greater numbers for companies, which allows for the retention of their employees with the support of employment insurance. Companies can not only keep their employees but keep those skills. If you've ever run a company, you know that there's nothing more dangerous than losing your entire workforce and then trying to call them back. Oftentimes those people are no longer available, and that company is set back even further. This was not just about families but also about the stability of the sectors.
We also eliminated the waiting period for workers. There was usually at least a one-week waiting period, and we eliminated that waiting period. You can get EI from the moment you're laid off, and you can keep your severance pay. Oftentimes before, your EI would be held back based on any vacation pay you had accrued or other kinds of payments. Now, you can keep that money, so people are able to put that away, hold on to it or pay off some bills, whatever the case may be. There are also longer periods of pay for long-tenured workers, up to an additional 20 weeks for long-tenured workers because we know that it might be harder for them to re-enter the workforce, and they've been paying into EI for quite some time.
These kinds of measures are helping employees who are impacted and protecting employers who often are doing the hard work of pivoting to a new product, a new service or a new approach, and don't want to lose their employees, who are really skilled and really adapted to their workplace.