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5 Things to Know Today — July 10, 2026: Jobs Report, Oil Prices & TSX Rally

  Friday, July 10, 2026 Canada's June jobs numbers are out this morning, oil is easing back after a rough week around the Strait of Hormuz, and the TSX just posted a solid gain. Here's what's moving markets and your wallet today. 1. Statistics Canada's June jobs report lands this morning Statistics Canada released its Labour Force Survey for June today. Economists polled by Reuters had pencilled in a modest gain of about 10,000 jobs, enough to hold the unemployment rate steady at 6.6%. That forecast follows May's surprise pop of 88,000 jobs, which pulled unemployment down sharply from 6.9%. This report is the Bank of Canada's last major economic read before its rate decision next week, so today's numbers matter more than usual for anyone watching mortgage renewals or variable-rate debt. 2. Oil prices cool off after a volatile week near the Strait of Hormuz Crude gave back some of its recent gains. West Texas Intermediate settled at US$72.08 a barrel on Thurs...

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China Urges Dialogue Over Trump's Tariff, Avoids Immediate Escalation


Beijing has sharply denounced the Trump administration’s imposition of a 10% tariff on Chinese imports, calling the measure a breach of international trade rules that undermines the global economic order. While the Chinese finance and commerce ministries confirmed plans to challenge the tariff at the World Trade Organization and hinted at taking "countermeasures" to protect national interests, they stopped short of launching an immediate retaliatory strike.

In its measured response, China's foreign ministry underscored that the issue of fentanyl—the potent opioid cited by Washington as justification for the tariff—is fundamentally an American problem. Officials stressed that extensive cooperation in anti-narcotics efforts has already been in place between the two nations, implying that the tariff would not spur a hasty escalation. Instead, Beijing expressed a willingness to engage in frank dialogue with U.S. counterparts in hopes of resolving the dispute through negotiations rather than further confrontation.


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