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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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Escalation in Gaza: Hospital in Flames Amidst Conflict

 

In a tragic turn of events, Israeli troops stormed the Kamal Adwan Hospital in northern Gaza on Friday, forcibly removing staff and patients before setting parts of the hospital on fire. The hospital, one of the last operating in the area, has been repeatedly targeted over the past three months as Israeli forces continue their offensive against Hamas fighters.

The Gaza Health Ministry reported that the troops forced medical personnel and patients to assemble in the hospital yard, where they were stripped of their clothes in the cold winter temperatures. Some patients were relocated to the nearby Indonesian hospital, which had already been knocked out of operation by an Israeli raid earlier in the week.

The ministry's account, which could not be independently confirmed, described fires being set in several parts of the hospital, including the lab and surgery department. An audio message from an unidentified staff member posted on social media highlighted the dire situation, with patients unhooked from oxygen and at risk of dying at any moment.

This incident is part of a broader offensive that has seen northern Gaza areas like Jabaliya, Beit Hanoun, and Beit Lahiya virtually sealed off, with large parts of these districts leveled. The ongoing conflict has raised fears of famine, with the U.N. reporting only four humanitarian deliveries to the area from December 1 to December 23.

The Israeli military has claimed that their operations target Hamas infrastructure and fighters, though they have provided no evidence to support their accusations that Hamas fighters were operating inside Kamal Adwan Hospital. Hospital officials have denied these claims.

The situation remains dire, with thousands of Palestinians forced out of their homes and the health sector in Gaza devastated by the nearly 15-month-old campaign of bombardment and offensives. The international community continues to watch closely as the humanitarian crisis in Gaza deepens.


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