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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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Wall Street Surges as Tech Rally Pushes Indexes Toward Record Highs

U.S. stocks soared Tuesday, with the S&P 500 and Nasdaq Composite closing at their highest levels since February, inching closer to all-time records. The Dow Jones Industrial Average also joined the rally, climbing over 500 points, or roughly 1.2%.

The surge was fueled by renewed optimism in megacap tech stocks, particularly Nvidia, Microsoft, and Apple, which helped the Nasdaq 100 notch a fresh closing high. Investors were also buoyed by signs of geopolitical easing, as a fragile U.S.-brokered ceasefire between Israel and Iran appeared to hold, easing fears of oil supply disruptions.

Federal Reserve Chair Jerome Powell’s testimony to Congress added to the bullish sentiment. Powell signaled that*interest rate cuts could come “sooner rather than later”, while maintaining a cautious stance amid ongoing tariff concerns.

With the S&P 500 now within 1% of its record high and the Nasdaq already setting new benchmarks, Wall Street appears to be regaining its footing after a volatile spring. The rally underscores investor confidence in both the resilience of the U.S. economy and the enduring strength of the tech sector.

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