Underpinning economic recovery: laying the foundation for growth The Bank of Canada has taken one other very important action in response to the COVID-19 crisis. I’m referring to our large-scale asset purchases of Government of Canada securities on the secondary market. These purchases are supporting the liquidity and efficiency of this foundational market.
Like the repo operations I talked about earlier, we buy these assets as part of our normal 3/6  BIS central bankers' speeches  business operations. This is because we need to have assets on our balance sheet that match our liabilities, which normally consist mainly of bank notes. What’s different is the scale of these purchases.