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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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Moscow Warns U.S. Over Ukraine’s Use of Long-Range Weapons

 

In a significant escalation of tensions, Moscow has issued a stern warning to the United States following President Joe Biden’s authorization for Ukraine to use long-range ATACMS missiles to strike targets inside Russia. This decision marks a notable shift in U.S. policy, allowing Ukraine to extend its military reach beyond its borders.

The move comes amid ongoing conflict and heightened geopolitical tensions, with Russia expressing grave concerns over what it perceives as a direct threat to its national security. Russian officials have cautioned that this authorization could lead to a broader conflict, potentially drawing NATO into a more direct confrontation with Russia.

The U.S. decision follows extensive lobbying by Ukrainian officials, who argue that the ability to target strategic locations within Russia is crucial for their defense efforts. The authorization is seen as a response to recent developments, including North Korea’s reported support for Russia by sending troops to the region.

Ukrainian President Volodymyr Zelenskyy has remained measured in his public statements, emphasizing that actions will speak louder than words. Meanwhile, the international community watches closely, concerned about the potential for further escalation in an already volatile situation.


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