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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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Trump Threatens Economic Sanctions on Canada

 

In a dramatic return to the Oval Office, U.S. President Donald Trump has announced his intention to impose significant tariffs on Canada and Mexico. Trump, who was inaugurated for his second term just a day ago, stated that he plans to implement a 25% tariff on Canadian and Mexican goods starting February 1.

This announcement has sent shockwaves through the political and economic landscape, with Canadian leaders scrambling to respond. Ontario Premier Doug Ford emphasized the need for unity among Canadian provinces to confront Trump's aggressive trade policies. Meanwhile, Alberta Premier Danielle Smith has expressed reluctance to fully support federal retaliation plans, citing concerns over Alberta's energy sector.

The proposed tariffs are part of a broader series of executive actions by Trump, which include withdrawing from the Paris climate accord and the World Health Organization, as well as threatening military action against drug cartels in Mexico. The situation remains fluid, with both countries bracing for potential economic fallout.


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