2 For more information on the recent actions taken by the Bank of Canada, see Wilkins (2020), Lane (2020),  Gravelle (2020) and Poloz (2020). 3 Chart 1 is a stylized version of Chart 11 in the April 2020 Monetary Policy Report. -3level of spending fell, and its composition shifted. While most of this change is likely temporary, some could persist.
Second, we are seeing signs of a partial bounce back in household spending in the first phase of the recovery. This reopening, from B to C, happens as the containment measures are relaxed. Households are now able to buy goods and services that were not easily available during the containment period—I definitely need a haircut!