The Financial Post reports in its Tuesday edition that Bank of Canada Governor Stephen Poloz expects to keep interest rates near historic lows even if employment picks up. A Bloomberg dispatch to the Post reports that Mr. Poloz says persistent slack in the country's labour market and a tendency toward part-time job creation has restrained income growth. The trend of employment growth "has been around 1 per cent for some time," says Mr. Poloz. "We're confident there's quite a bit of room to grow and, particularly since our interest rates are already at 1 per cent, we figure we've got time to watch this unfold." The BOC's next scheduled interest rate announcement is on Sept. 3. Economists surveyed by Bloomberg expect the BOC to keep the benchmark rate at 1 per cent, where it has been for almost four years, until the third quarter of next year. While Canada recouped job losses from the recession faster than its Group of Seven counterparts, job growth has stalled. Only 25 per cent of jobs created over the past year have been full time. Mr. Poloz says: "It's been pretty weak. ... It's been almost all part time so therefore it's not generating the kind of income you would get from a usual 1-per-cent" employment growth.