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June Jobs Report: What It Means for the Bank of Canada's July 15 Decision

  Friday, July 10, 2026 Statistics Canada releases its June Labour Force Survey today, and the timing couldn't matter more. This is the last major economic data point before the Bank of Canada's next interest rate decision on July 15, 2026 — and whichever way the jobs numbers break, they'll shape what happens to borrowing costs for the rest of the summer. What Economists Are Expecting Consensus forecasts point to a modest but positive jobs report. Economists expect Canada added around 10,000 jobs in June, with the unemployment rate holding steady at 6.6%. That would follow a much stronger May, when the economy added 88,000 jobs and the unemployment rate actually fell by 0.3 percentage points. In other words, June's report is expected to show a cooling-off after May's surprise strength — not a reversal, but a return to a more modest pace of hiring. Indicator May 2026 June 2026 (Forecast) Net Employment Change +88,000 jobs +10,000 jobs (expected) Unemployment Rate 6....
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How the Bank of Canada envisions a digital dollar



The Bank of Canada has revealed some details about its potential digital currency, which would be a digital version of the Canadian dollar. The central bank has been researching the idea of a digital currency for several years, but has not yet decided whether to launch one.

According to a presentation by the bank’s deputy governor Timothy Lane, the digital currency would not pay interest or require identification from users. This would make it different from bank deposits, which pay interest and require verification, and cash, which does not pay interest but is anonymous.

The bank says that a digital currency would have several benefits, such as improving financial inclusion, reducing the use of cash, and enhancing the resilience and efficiency of the payment system. It would also give the bank more control over the money supply and potentially enable new monetary policy tools.

However, there are also challenges and risks associated with a digital currency, such as privacy and security issues, legal and regulatory implications, and the impact on the banking sector and the economy. The bank says that it is consulting with various stakeholders, including the public, to assess the pros and cons of a digital currency.

The bank has not yet announced a timeline for launching a digital currency, but says that it will be ready to do so if the need arises. The bank says that it will continue to monitor the developments of other central banks and private sector initiatives, such as cryptocurrencies and stablecoins, that could affect the demand for a digital currency.

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