Right now everyone is thinking about the dire state of the economy as people are thrown out of work. What the bank did was conjure a billion dollars into existence and used it to buy bonds in the market. But of course the Bank of Canada is not the only source of cash flooding into the Canadian and world economy. Existing bonds, a great investment over the past decade as interest rates fell lower and lower, will no longer be good to hold. Spending money now will be better than waiting, because the price of things you want will go nowhere but up.

Source: CBC News April 06, 2020 07:52 UTC