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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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Celestica Powers TSX to Record High Amid Commodity Strength and Earnings Optimism

 

                                                                 Toronto Stock Exchange building

TSX Surges to Record High as Celestica Soars and Commodities Rally

The S&P/TSX Composite Index surged to a new all-time high of 27,539.88, buoyed by strong corporate earnings and rising commodity prices. The index gained 134.46 points, or 0.49%, continuing its bullish momentum despite mixed signals from global markets.

One of the standout performers was Celestica Inc. (TSX:CLS), which jumped 4.24% following the release of its impressive Q2 2025 earnings report. The Toronto-based tech firm posted $2.89 billion in revenue, a 21% increase year-over-year, and adjusted EPS of $1.39, beating analyst expectations. CEO Rob Mionis cited strong demand from cloud and connectivity customers and raised the company’s full-year revenue forecast to $11.55 billion, up from $10.85 billion.

Meanwhile, commodity prices lent further support to the resource-heavy TSX. Gains in energy and industrial sectors offset declines in mining and materials, which were pressured by falling gold prices. Top gainers included TFI International, Lightspeed Commerce, and Orla Mining, each rising over 4%.

Despite some volatility in global trade news and cautious investor sentiment ahead of central bank rate decisions, Canadian equities remain resilient. Investors are now watching closely for updates from the Bank of Canada and the U.S. Federal Reserve, both set to announce policy decisions later this week.


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