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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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Crackdown in Turkey: Journalists Detained Amid Protests Over Erdogan Rival's Imprisonment

Turkish authorities have detained several journalists as protests erupt across the country following the imprisonment of Istanbul Mayor Ekrem Imamoglu, a prominent rival to President Recep Tayyip Erdogan. The mayor's arrest on corruption charges has sparked the largest wave of demonstrations in Turkey in over a decade, raising concerns about press freedom and the state of democracy.

The journalists, reportedly detained from their homes, were accused of covering the protests. Media unions have condemned the detentions as an attack on the public's right to information. Meanwhile, the protests, largely peaceful, have seen clashes with police using water cannons and tear gas to disperse crowds.

Imamoglu's arrest is widely viewed as a politically motivated move to sideline a key opposition figure ahead of the 2028 presidential elections. Government officials, however, deny these allegations, insisting that the judiciary operates independently.


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