I'd be happy to outline the new express entry system.
First, to clarify, it's not a new immigration program, it's a new application management system that we'll be launching to ensure that our immigration system is fast, flexible, and gives Canada the opportunity to select the best skilled immigrants and respond quickly to labour force needs.
It will allow the government, the provinces and territories, and employers to actively target highly skilled immigrants for permanent residency. Under the system, candidates will first make an online submission to express their interest in coming to Canada and provide basic information about their skills and work experience. Those who meet the basic eligibility criteria of one of the federal economic programs that are part of express entry will then be ranked according to their human capital and other key characteristics. They will receive significant supplementary points if they have an approved job offer through the labour market assessment process or are nominated by a province. We will then give invitations to apply on a regular basis, each two weeks, to the right number of applicants who are most highly ranked and invite them to make an application to apply for permanent residence. This way we will be taking the best people out of the pool each time and not accumulating new inventories. When they receive their formal applications they will be processed within six months.
That's basically how the system will work. If there are further questions, I'd be happy to elaborate.