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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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Market Resilience Amid Rising Yields and Positive Earnings

 

In a display of resilience, the S&P 500 closed marginally higher after a session marked by volatility, as investors navigated the dual forces of climbing Treasury yields and encouraging corporate earnings, particularly from tech behemoths.

  • Treasury Yields Climb: An auction of $70 billion in five-year U.S. Treasury notes drove yields higher, influencing equity markets. The 10-year Treasury note rose to 4.6459%.
  • Tech Giants’ Earnings: Investors’ attention was captured by earnings reports from major technology companies. Meta Platforms saw a dip in after-hours trading, while Microsoft and Alphabet are poised to report later in the week.
  • Tesla’s Surge: Tesla’s stock leapt by 12% as plans to increase production and introduce more affordable models outweighed its weaker quarterly results.
  • Economic Indicators Awaited: Markets are now looking ahead to the first quarter GDP data and March’s personal consumption expenditures, which could signal the Fed’s interest rate trajectory.

Investors remain cautious yet optimistic as they parse through the latest financial data, seeking signs of stability in a fluctuating economic landscape.

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