Yes, you frame the question in such a way.... The demand for currency or banknotes has not really changed significantly, and so we haven't created anything more than we normally do, but what has happened is we have created what we call “settlement balances”, which is what we call “liquidity”. It's cash that's available to the system, so in order for us to create it, we acquire the asset so our balance sheet still balances. That's all that's going on. When we acquire a Government of Canada bond, then we're crediting the system account with that much by settlement balances, so we literally call it “liquidity” because that's what it is. It's not cash in your pocket, though.
On April 16th, 2020. See this statement in context.