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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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A Diplomatic Encounter Amid Tensions


U.S. Vice President JD Vance met briefly with Pope Francis at the Vatican on Easter Sunday, following the pontiff's criticism of the Trump administration's migrant deportation policies. The meeting took place at the Domus Santa Marta, where the pope resides, as he recovers from pneumonia. 

During the encounter, Vance expressed gratitude for the pope's hospitality and exchanged Easter greetings. The pope gifted Vance chocolate Easter eggs for his children, along with a Vatican tie and rosaries. Despite their differences on migration policies, the meeting was described as cordial, with both parties acknowledging their shared Catholic faith.

The Vatican has voiced concerns over the administration's crackdown on migrants, emphasizing the importance of preserving their dignity. Vance, a Catholic convert, has defended his stance, citing theological justifications, which the pope has publicly rebutted. 

This brief encounter highlights the complexities of diplomacy and faith in addressing global humanitarian issues.

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