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5 Things to Know Today — June 7, 2026

  Canada woke up to a week packed with market-moving events. Here are the five things every Canadian needs on their radar heading into Monday. 1 Labour Market Canada's Jobs Surprise: 88,000 Added in May Canada's labour market delivered a stunner on Friday. Statistics Canada reported 88,000 jobs were added in May — nearly nine times the 10,000 gain economists had forecast. The unemployment rate dropped to 6.6% from 6.9%, the lowest since January. Full-time work drove the gains, with construction, transportation, and information sectors leading the charge. The May report is the first significant employment gain since November 2025 and claws back most of the 112,000 jobs lost in the first four months of the year. Why it matters — This is welcome news for Canadians anxious about a technical recession, but the gains only partly offset earlier losses. A hotter labour market also raises the odds the Bank of Canada could hike rather than cut rates — watch the June 10 decision closel...
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ECB Maintains Record High Interest Rate Amid Debate Over Timing of Cuts

 

The European Central Bank (ECB) has decided to keep its key interest rate at a record high of 4% . The decision comes amid a growing debate over the timing of cuts, with some economists predicting a policy pivot starting in April and rate cuts of 150 basis points this year .

The ECB’s decision to maintain the interest rate at its current level is aimed at battling inflation, which has been ravaging the economy. The head of the ECB has warned that cutting interest rates too soon could threaten Europe’s progress in battling inflation.


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