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5 Things to Know Today: BoC Decision Looms, TSX Sits Near Record Highs

  Saturday, July 11, 2026 Here's what Canadians need to know heading into the week, as markets brace for the Bank of Canada's rate decision and the CUSMA trade file keeps grinding along. 1. The Bank of Canada decides Wednesday, and a hold is all but locked in The Bank of Canada's next rate announcement lands July 15, and virtually every economist on Bay Street expects the overnight rate to stay parked at 2.25% — what would be a sixth straight pause. A stronger-than-expected June jobs report has taken away any urgency to cut, while cooling inflation and lingering trade uncertainty argue against a hike. Expect the accompanying statement to lean on familiar language: steady as she goes. 2. June's jobs report beat expectations, and the jobless rate ticked down Statistics Canada reported employers added roughly 18,000 jobs in June, ahead of forecasts and building on May's much larger 88,000-job gain. The unemployment rate slipped to 6.5%, back to where it stood in Januar...
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Google Lays Off Hundreds of Employees in Hardware, Voice Assistant Teams Amid Cost-Cutting Drive

 

Google has laid off hundreds of employees working on its hardware, voice assistance and engineering teams as part of cost-cutting measures. 

The cuts come as Google looks towards “responsibly investing in our company’s biggest priorities and the significant opportunities ahead,” the company said in a statement. The job cuts are part of a broader effort to reduce costs and streamline operations.

Google earlier said it was eliminating a few hundred roles, with most of the impact on its augmented reality hardware team. The cuts follow pledges by executives of Google and its parent company Alphabet to reduce costs  In a post on X — previously known as Twitter — the Alphabet Workers Union described the job cuts as “another round of needless layoffs”. The union wrote, “Our members and teammates work hard every day to build great products for our users, and the company cannot continue to fire our coworkers while making billions every quarter. We won’t stop fighting until our jobs are safe!”.


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