Originally Posted by
gigafishing
I disagree, the "Aeroplan Program" is the program and there's a wide range of ways to
acquire points within the program, as featured on
Air Canada's website, where the link to purchase points is directly linked from the "earn" page. "Points converted from other programs" are clearly referencing transferable points from other banks.
That said, it all depends on your risk tolerance with poking the Chase bear here.
But you even had to use a different word to make your argument
I agree that it's not super clear, but I am 100% sure the intention is not for you to buy points for X and immediately PYB for Y, where Y>X.