Mr. Chair, I am afraid that that is simply an inaccurate explanation of what has happened with the EI account.
EI supported Canadians in a significant way during COVID and in the aftermath, and that is why the government transferred $27 billion to the EI account to support EI.
Whenever the country goes through an economic downturn, whether it was 2008 or the COVID recession, the EI account needs to move back into balance—