OFL Rejects Mowat Centre Pay Day Loan Scheme for unemployed workers

The Ontario Federation of Labour has released an assessment of the EI Report from the Mowat Task Force. Click here to download the full assessment.

(TORONTO) — Ontario Federation of Labour President Sid Ryan has rejected the latest report from the Mowat Centre Employment Insurance (EI) Task Force. “I was dumb-founded to see that the report has focused on little more than a Pay Day Loan scheme for unemployed workers in precarious and non-standard work, instead of modernizing EI to meet their needs,” said Sid Ryan.

Ryan was referring to a key Task Force recommendation that proposes a new temporary unemployment assistance (TUA) program funded by a “jobseeker’s loan” with repayment contingent upon future income. According to the report, workers “could rely on TUA until other work is secured or use TUA to smooth income over periods of lower earnings.

Read more of the OFL news release here.