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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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Escalation in the Middle East: Iran and Israel Trade Strikes Amid Rising Tensions

The conflict between Iran and Israel has reached a dangerous new level as both nations continue to exchange missile strikes, with leaders on both sides vowing further retaliation in the coming days. 

On Friday, Israel launched a sweeping air offensive, targeting Iranian military sites and nuclear facilities. The strikes resulted in the deaths of several high-ranking Iranian officials, including top generals and nuclear scientists. In response, Iran retaliated with a barrage of missiles and drones, striking key locations in Israel, including Tel Aviv and Jerusalem. Reports indicate that at least four people have been killed and more than 200 wounded in Israel, while Iran has suffered over 80 casualties, including civilians. 

Iran’s Supreme Leader Ayatollah Ali Khamenei has accused Israel of initiating war and warned that Israel "must expect severe punishment" for its actions. Meanwhile, Israeli Defense Minister Israel Katz has threatened further strikes, stating that Tehran will face dire consequences if Iran continues its missile attacks. 

The international community has expressed deep concern over the escalating violence, fearing that the conflict could spiral into a broader regional war. Calls for restraint have been made by global leaders, but both Iran and Israel remain steadfast in their positions, showing no signs of de-escalation. 

As tensions continue to rise, the world watches anxiously, hoping for diplomatic intervention before the situation worsens further.

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