Ottawa, Dhu-AlQa'dah 25, 1436, Sep 9, 2015, SPA -- The Bank of Canada kept its key interest rate at 0.5 percent Wednesday, declaring its previous two rate cuts were still stimulating an economy that is benefiting from solid household spending and a firm U.S. economic recovery. However, the central bank warned that increasing uncertainty about growth prospects in China and other emerging markets was rising questions about the pace of global recovery. The Bank of Canada said the country’s resource sector continued “to adjust to lower prices for oil and other commodities, with some spillover to the rest of the economy.” But weakness in the Canadian dollar is helping absorb some of the impact of lower commodity prices and facilitating economic adjustments, it noted. The central bank’s statement did not refer to Canada’s hot housing market or to high levels of household debt. The Bank of Canada cut its key interest rate by one-quarter percentage point in January and again in July because of the sharp drop in oil prices, which was causing serious reductions in business investment, especially in the energy sector. “The stimulative effects of previous monetary policy actions are working their way through the Canadian economy,” the central bank said Wednesday. --SPA 18:07 LOCAL TIME 15:07 GMT www.spa.gov.sa/w