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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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Navigating Return Fees: A Guide to Smarter Post-Holiday Shopping

 

The holiday season often brings with it the need to return or exchange gifts, but this year, consumers are facing a new challenge: return fees. A growing number of retailers are implementing charges for returned merchandise, leaving many shoppers navigating a complex landscape of return policies.

Understanding the Change

  • Increased Fees: Approximately 40% of retailers now charge return fees, a notable increase from 31% last year.
  • Policy Shifts: Return windows are shrinking as pandemic-era extensions fade away.

Strategies to Minimize Costs

  • Loyalty Programs: Joining retailer loyalty programs can offer benefits like free returns, exclusive sales, and reward points.
  • In-Store Returns: Avoid fees by returning items directly to the store, with many retailers offering free in-store returns.
  • Careful Selection: Take the time to choose the right item initially to reduce the likelihood of needing a return.

The Future of Returns Return fees are likely here to stay, and experts suggest that shoppers prepare themselves and their budgets for these additional costs. With online shopping continuing to grow, free returns for everyone may become unsustainable.

By adopting these strategies, consumers can navigate the changing landscape of return policies and minimize the impact of return fees on their post-holiday shopping experience. Remember, a little preparation and knowledge can go a long way in saving money and hassle. Happy shopping!


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