The Bank of Canada kept interest rates at 1 Percent

The Bank of Canada announced that it would maintain its benchmark interest rate at 1 percent , and the remaining trendsetting rate at the same level it has been in recent years.

Monetary stimulus will remain unchanged as long as the country's economic outlook remains uncertain , Xinhua News Agency quoted the Bank of Canada said in a statement Wednesday .

Export and investment demand is expected to rotate in Canada seems to be delayed by the uncertain global economic conditions , the central bank said .
"The global economy continues to expand broadly in line with expectations , but its power has eased ," it said .
Recent data indicate that in the United States, " the overall momentum slightly less " than expected , and in the " increase " in some emerging economies, the financial turmoil of uncertainty added growth prospects , the bank said .

And pointed out that the financial position of Canadian households continued to improve, household credit growth slowed in the presence of higher mortgage rates , the bank said the housing market in the country is slightly stronger than expected.

Bank of Canada Governor Stephen Poloz showing signs of gradually from the current monetary policy.
Weak growth , it is difficult for the central bank to exit from stimulus policies . Statistics Canada reported on August 30 , the country's economic growth slowed to 1.7% in the second quarter , down from 2.2% before .