Bank of Canada governor Stephen Poloz says he believes the controversial quantitative easing program adopted by the United States has helped that country's economy.


The Canadian central banker was drawn into the controversy during testimony before the Commons finance committee as opposition MPs tried to get him to outwardly reject Flaherty's position, while Conservative MPs tried to get him to back the minister.

Canadian central bank considered stimulus plan



He says the $85 billion in monthly bond purchases in the U.S. has succeeded in strengthening the country's economy, adding that Washington has made great strides in reducing the deficit.

For new jobs, need new companies

In other testimony, Poloz says there have been few new jobs for young Canadians since the recession mainly because there's been a lack of new companies created.

