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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’s $1.1B Hotel Tab for Asylum Seekers Sparks Debate Over Immigration Spending

 

The Canadian government has spent a staggering $1.1 billion on hotel accommodations for asylum seekers over the past few years, according to newly released figures. The expense, which covers temporary housing for tens of thousands of migrants awaiting refugee claims, has ignited fresh debate over the sustainability and efficiency of Canada’s immigration support systems.

Hotels have been used as emergency shelters due to a shortage of available space in traditional refugee housing facilities. While officials argue the measure was necessary to uphold humanitarian obligations, critics say the ballooning costs reflect poor planning and a lack of long-term strategy.

The federal government has defended the spending, citing the surge in asylum claims and the need to provide safe, dignified shelter. However, opposition leaders and some provincial governments are calling for reforms, including faster claim processing and more investment in permanent housing solutions.

As Canada continues to welcome newcomers fleeing conflict and persecution, the $1.1-billion hotel bill underscores the urgent need for a more sustainable approach to refugee resettlement.

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