E I pre­mi­ums lower than an­tic­i­pated in 2019

Waterloo Region Record - - Business -

OT­TAWA — The Canada Em­ploy­ment In­surance Com­mis­sion says em­ploy­ment in­surance pre­mi­ums will be lower than ex­pected in 2019. The com­mis­sion says the rate will be $1.62 per $100 of in­sur­able earn­ings, which is four cents lower than an­tic­i­pated. Fi­nance Min­is­ter Bill Morneau and Jean-Yves Du­c­los, min­is­ter for fam­i­lies, chil­dren and so­cial de­vel­op­ment, say in a joint state­ment that the EI premium rate has been re­duced “thanks to a strong and grow­ing econ­omy.” The state­ment says the new rate is al­most 14 per cent lower than the rates in 2015 and that it’s the low­est rate since 1980.

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