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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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South Korean Lawmakers Push to Impeach President Yoon Following Martial Law Debacle

 

In a dramatic turn of events, South Korea's opposition parties have submitted an impeachment motion against President Yoon Suk Yeol. This move comes just hours after his controversial attempt to impose martial law was overturned by lawmakers. The main opposition Democratic Party, along with five other minor parties, submitted the motion as pressure mounts on Yoon to leave office following his shocking declaration of martial law late Tuesday night.

The impeachment motion could be voted on as early as Friday, requiring the support of two-thirds of the 300-member parliament. The opposition controls 192 seats, needing an additional eight votes from the president's People Power Party to pass the motion. If the impeachment passes, the Constitutional Court must reach a decision within six months, during which Prime Minister Han Duck-soo would step in as interim leader.

The declaration of martial law, which was the first in South Korea since 1980, was met with immediate resistance. In an emergency session at 1 a.m. Wednesday morning, 190 lawmakers voted to demand the lifting of martial law, making the declaration void according to the country's constitution. The parliamentary vote was unanimous among the lawmakers present.

The fallout from the six-hour martial law debacle continued throughout Wednesday, with President Yoon's entire Cabinet and all of his aides offering to step down from their posts. Defense Minister Kim Yong-hyun resigned, taking full responsibility for the martial law declaration.

President Yoon's declaration cited the need to eradicate "pro-North Korea anti-state forces" and protect the free constitutional order. However, his popularity had plummeted to 17% last month amid domestic problems and scandals. The declaration of martial law brought back memories of South Korea's past military dictatorships, further fueling public outrage.

As the nation grapples with this political crisis, the opposition parties are determined to hold President Yoon accountable for his actions. The coming days will be crucial in determining the future of South Korea's leadership and its democratic stability.

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