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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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Canada Pushes to Lift All Trump-Era Tariffs in U.S. Trade Talks


Canada is intensifying efforts to eliminate all tariffs imposed by former U.S. President Donald Trump as part of ongoing trade negotiations with Washington. Ambassador Kirsten Hillman, who also serves as Canada’s chief trade negotiator, reaffirmed the country’s commitment to securing full tariff relief in a recent interview with *The Globe and Mail*.

The talks resumed after Canada agreed to withdraw its proposed Digital Services Tax (DST), a move that had previously stalled discussions. The DST, which targeted large U.S. tech firms, was labeled by Trump as a “blatant attack” on American interests. Its removal has reopened the door for a broader economic and security partnership between the two nations.

Prime Minister Mark Carney has set a July 21 deadline to finalize the deal. Canada is particularly focused on lifting steep levies, including:

  • 50% tariffs on steel and aluminum
  • 25% tariffs on automobiles
  • 10% tariffs on energy exports like oil and gas
  • 25% blanket tariffs on non-USMCA goods

Despite the high stakes, Hillman expressed confidence that Canada can secure a favorable outcome. “We believe we can get all the levies cancelled,” she said.


What’s Next?

With Trump’s self-imposed July 9 “Liberation Day” deadline looming for new tariff decisions, Canada is racing against the clock. The outcome of these talks could reshape North American trade dynamics and set the tone for future cross-border economic cooperation.



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