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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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Desperation in Gaza: Hunger Crisis Deepens Amid Looting

The Gaza Strip is witnessing a growing hunger crisis, marked by increased looting of food stores and community kitchens. Aid officials report that desperation has surged two months after Israel imposed a blockade on medical, fuel, and food supplies. At least five incidents of looting were recorded recently, including thefts at community kitchens, merchants' stores, and the UN Palestinian refugee agency's main complex.

The looting reflects the dire situation in Gaza, where hunger and hopelessness are spreading rapidly. Community kitchens, which have been lifelines for hundreds of thousands of Palestinians, are now at risk of closure due to dwindling supplies and looting. Acute malnutrition among children is worsening, with thousands of cases identified, including severe instances.

The blockade, enforced since March 2, has led to skyrocketing food prices and shortages of essential items. Aid organizations warn that the situation is reaching unprecedented levels, with humanitarian efforts hindered by operational and security constraints.

The crisis underscores the urgent need for international intervention to address the humanitarian catastrophe unfolding in Gaza.

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