Question about "temporary layoffs"

Currently got placed on "temporary layoff" The work at my shop has completely dried up thanks to Trump hitting canada with tariffs. Our boss is making everybody sit at home until further notice, some of us were formally laid off so they can collect Ei, but many of us aren't.

Those of you with more experience dealing with this. Am i right in assuming that the boss is expecting work to pick up again in the near future?