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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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Tensions Rise as Russia and Ukraine Resume Peace Talks Amid Escalating Strikes

In a high-stakes diplomatic effort, Russian and Ukrainian officials have gathered in Istanbul for a second round of direct peace talks, following a dramatic escalation in military strikes. The discussions come just a day after Ukraine launched an ambitious attack on Russian nuclear-capable bombers deep in Siberia, marking one of the most significant strikes of the war.

Despite the renewed push for negotiations, both sides remain far apart on key issues. Ukraine's Defense Minister Rustem Umerov is leading Kyiv’s delegation, while Russia has presented its own draft memorandum for a peace accord. The previous round of talks resulted in a major prisoner exchange but failed to yield any concrete steps toward ending the conflict.

Meanwhile, the battlefield remains active. Russia launched hundreds of drones at Ukraine overnight, marking the highest nightly total of the war so far. Moscow has also claimed territorial advances in Ukraine’s Sumy region, further complicating the prospects for a ceasefire.

Adding to the pressure, U.S. President Donald Trump has warned that the United States may withdraw its role as a mediator if no progress is made. With both sides entrenched in their positions, the Istanbul talks are expected to be challenging, with little optimism for an immediate breakthrough.

As the world watches, the question remains: Can diplomacy prevail over the intensifying hostilities?

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