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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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Tariff Turbulence: Trump’s Trade Salvo Rattles Markets Ahead of Earnings Season

Wall Street and TSX futures dipped Friday morning as President Donald Trump reignited trade tensions with a sweeping new round of tariffs. The U.S. announced a 35% levy on Canadian imports starting August 1, while Trump floated blanket tariffs of 15% to 20% on other trading partners—up from the current 10% baseline.

The move sent Dow, S&P 500, and Nasdaq futures down between 0.5% and 0.7%, with similar declines seen in Canadian TSX futures. Investors, already bracing for next week’s earnings season, are now recalibrating expectations amid heightened trade uncertainty.

Despite the market jitters, analysts noted a growing resilience among investors. The reaction to Trump’s latest tariff barrage was notably more muted than the volatility seen during April’s “Liberation Day” announcements. Still, the timing—just ahead of key corporate earnings and inflation data—adds a layer of complexity to market sentiment.

Meanwhile, cryptocurrency stocks ticked higher, buoyed by Bitcoin’s surge to a new record. And as Wall Street’s big banks prepare to report results next week, all eyes will be on how trade disruptions are reflected in corporate performance.



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