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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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US Futures Rise as Inflation Report Anticipation Grows

As the US stock market opens today, investors are greeted with a slight uptick in futures, signaling a cautious optimism. The focus is now shifting towards the upcoming inflation report, which is expected to play a pivotal role in the Federal Reserve’s decision-making process regarding interest rate adjustments.

  • Market Movement: S&P 500, Nasdaq 100, and Dow Jones Industrial Average futures are all experiencing modest gains, with the Dow coming off its best week of the year.
  • Inflation Expectations: The market is on edge with the Consumer Price Index update for April looming, which could indicate whether inflation remains persistent into Q2.
  • GameStop Surge: Shares of GameStop soared nearly 40% in pre-market trading, reigniting interest in meme stocks, partly due to the return of “Roaring Kitty,” a key figure in the 2021 meme stock phenomenon.
  • Netflix’s Rebound: Analysts attribute Netflix’s recent 12% rally to a combination of factors, including strategic decisions and anticipation for their upcoming Upfront presentation.

Investors are now bracing for a week filled with economic releases that could serve as significant catalysts for the market’s direction. The anticipation is palpable, with many hoping for signs of a faster inflation descent that could set the stage for potential rate cuts later this year.

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