Throne speech pledges prudence but says "this is not the time for austerity"
The throne speech also promised a revamp of the EI system
Wednesday's speech may give insight into the next phase of economic recovery
Americans in Canada who received U.S. payments won't need to include amounts in income
Employer and employee rates to remain unchanged for next two years
Changes to the social safety net will be detailed in a September throne speech and fall budget
The new finance minister has demonstrated her competence in various roles
Subsidizing wages for companies during the pandemic will cost $67.9 billion through the end of December
If the proposals are enacted, eligible Canadians would receive the payment automatically
The government had been under pressure to make the subsidy more accessible