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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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U.S. Strikes Decimate Iranian Nuclear Sites, Trump Warns of "Far Greater" Consequences

In a dramatic escalation of tensions in the Middle East, former U.S. President Donald Trump announced that American airstrikes had "completely and fully obliterated" three of Iran’s key nuclear facilities. The strikes targeted the Fordow, Natanz, and Isfahan sites—locations long suspected of housing uranium enrichment operations.

Speaking from the White House, Trump hailed the operation as a “spectacular military success,” emphasizing that all aircraft involved had returned safely. He warned Tehran that any retaliation would be met with even more severe consequences, stating, “There will either be peace or there will be tragedy for Iran”.

Iran’s government confirmed the attacks but insisted its nuclear program would continue. Officials reported no immediate signs of radioactive contamination and accused the U.S. of launching a “dangerous war” in coordination with Israel, which has been engaged in its own military campaign against Iran for over a week.

The international community has responded with alarm. The United Nations is convening an emergency session, and European leaders have called for restraint amid fears of a broader regional conflict.

This marks the first direct U.S. military strike on Iranian soil in the context of its nuclear program—a move that could reshape the geopolitical landscape in the region.

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