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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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Canada’s Labour Market Sees Positive Growth: 37,300 New Jobs Added

 

In a welcome development for the Canadian economy, the labour market added 37,300 jobs in January. This surge in employment comes as a breath of fresh air, especially considering the challenges posed by the pandemic and economic fluctuations.

Key Highlights:

  1. Unemployment Rate Declines: The unemployment rate dipped to 5.7 per cent, marking the first decline since December 2022. This positive trend signals a potential recovery and renewed confidence in the job market.

  2. Part-Time Work on the Rise: The increase in jobs was primarily driven by a surge in part-time employment, which saw a gain of 48,900 positions. However, the number of full-time jobs experienced a slight decline of 11,600 during the same period.

  3. Economic Resilience: Despite global uncertainties, Canada’s economy continues to demonstrate resilience. The labour force’s adaptability and employers’ willingness to hire contribute to this encouraging trend.

As we move forward, it’s essential to monitor these developments closely. While the current data paints an optimistic picture, sustained efforts are necessary to ensure stable and inclusive growth.



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