Mr. Speaker, the use of quantitative easing did not have to be resorted to in Canada. It started in Japan. The United States is still doing it. We think, though, it will be finished this year. It is a non-conventional way to expand the monetary supply. It was not necessary in Canada because our banks were in solid condition and the economy was not in the same shape.
In the House of Commons on March 24th, 2014. See this statement in context.