Thanks so much for the question.
Certainly the Bank of Canada has always been engaged in buying some portion of federal government debt. That's ranged from about 5% in the 1980s to about 15% recently. It was as high as 25% in the 1970s. Given the recent purchases by the Bank of Canada, that percentage will likely rise to in the neighbourhood of 27%. It is certainly higher than we've seen historically, but not out of all range.
The main concern with the Bank of Canada's purchases of that much federal government debt is the creation of inflation, which is a particular concern if the economy is already at capacity. With 25% of our labour force being unemployed since February, or having lost the majority of their hours, as well as two months of negative inflation, not positive inflation, I don't think that's a terrible concern, but that's my answer