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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 Post Union Pushes for Pay Hike Amid Financial Struggles


Union Tables Bold Wage Proposal

The Canadian Union of Postal Workers (CUPW) has presented new offers to Canada Post, demanding significantly higher wages and expanded weekend services. The proposal includes annual wage increases of 9% in the first year, followed by 4%, 3%, and 3% over the next three years—surpassing the 13% total increase Canada Post previously offered.

Weekend Delivery & Part-Time Workforce

CUPW’s offer also introduces weekend parcel delivery and the hiring of part-time workers, capped at 20 hours per week. Weekend duties would focus on parcel delivery, pickup, and mail sorting, with part-time staff not exceeding the number of full-time workers on shift.

Financial Pressures & Bargaining Tensions

Negotiations have stretched over 18 months, with Canada Post warning of daily financial losses due to bargaining uncertainty. An earlier inquiry found the postal service effectively bankrupt, urging major reforms to stay afloat.

Cost-of-Living Clause & Benefits

The union is also pushing for a cost-of-living adjustment if inflation hits 10.33% in a quarter—higher than the 7% threshold in Canada Post’s last offer. CUPW seeks improvements to disability programs and benefits, while maintaining its defined benefit pension and a national overtime ban.

With talks resuming and more sessions scheduled, both sides face mounting pressure to reach a deal that balances worker demands with the Crown corporation’s financial realities.

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