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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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US Economy Adds 175,000 Jobs in April, Unemployment Rate Edges Up


The latest data from the Labor Department reveals that the US economy added 175,000 jobs in April. While this marks a solid gain, it falls short of the 240,000 jobs that economists had anticipated. Here are the key facts and figures:

  1. Job Creation: The US job market has been expanding at a robust pace despite 11 rate hikes from the Federal Reserve aimed at slowing down the economy. In March, the economy added an impressive 315,000 jobs, well above expectations. However, April’s figure of 175,000 indicates a firm slowdown in job growth.

  2. Unemployment Rate: The unemployment rate ticked up slightly to 3.9%, compared to the estimated 3.8%. While this increase is modest, it highlights the ongoing challenges in the labor market.

  3. Wage Gains: Workers’ wage gains continue to outpace inflation, providing some relief amid rising living costs. However, the pace of wage bumps has slowed, which could impact the Federal Reserve’s efforts to manage inflation.

Despite the April slowdown, the US economy has maintained a remarkable streak of 40 consecutive months of employment expansion, making it the fifth longest such period on record. Additionally, the nation’s jobless rate has held below 4% for 26 consecutive months.

Investors are closely monitoring these developments, as any further signs of a slowdown could prompt the central bank to consider a rate cut sooner than expected. For now, markets anticipate the first cut to occur in November or December.

In summary, while the US job market remains resilient, the April report suggests a need for continued vigilance as economic conditions evolve.

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