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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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Ontario Under Ice: Icy Conditions Disrupt Travel as Weekend Storm Approaches

 

Ontario residents are facing hazardous travel conditions this Thursday as a mix of ice, snow, and freezing rain disrupts roadways and public transit. Several school boards in the Greater Toronto and Hamilton Area have canceled bus services—and in some areas, schools have closed—to help ensure safety amid the treacherous conditions .

Meteorologists report that slick roads and a bitter wind chill, with temperatures feeling as low as –11 °C this morning, have created significant delays for commuters . As the day progresses, temperatures are expected to gradually rise to around 2 °C; however, the early winter conditions continue to challenge drivers across the province .

Authorities and weather experts are also keeping a close eye on a larger storm system predicted to hit Ontario this weekend. The incoming storm is expected to bring an additional 5–10 centimetres of snow in localized areas, compounding current disruptions and urging caution among those with travel plans .

Travelers and residents are advised to monitor local weather updates and exercise extra caution on icy roads. With a mix of wintry precipitation continuing to evolve, staying informed is key to navigating Ontario’s winter challenges safely.

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