Thank you.
I was going to say, yes, in the big picture, during COVID, the economy was down 15%. We had record levels of unemployment. We were in deflation. It was a very dire situation. We used a policy we have never used before, an emergency policy, quantitative easing, and together with other policies the economy recovered. Did it all work perfectly? No, it didn't, but it did get us out of a very deep hole. We were one of the first countries to end quantitative easing. We haven't done quantitative easing in three or four years now. After quantitative easing, we did quantitative tightening. We rolled off our balance sheet and we brought it back to more normal levels.
Now, we are basically back into a more normal balance sheet and we are doing normal operations. People still hold our bank notes—cash. They are in circulation, and as the economy grows, people need more cash. That's a liability to the Bank of Canada. We hold assets to match our assets and liabilities. As such, yes, we have restarted buying small amounts of government debt as the asset to match our liability. That's how central banks work. That's how it worked before COVID, and those are routine operations.