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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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E1 Settlement Approval Deepens West Bank Divide, Sparks Global Concern

 

The E1 land tract one of the last geographical links between Ramallah, in the northern West Bank, and Bethlehem in the southern West Bank.


Israel has granted final approval for the long-disputed E1 settlement project in the occupied West Bank, a move critics say could permanently derail prospects for a two-state solution.

The plan calls for the construction of roughly 3,500 housing units to expand the Ma’ale Adumim settlement east of Jerusalem, effectively severing the northern and southern parts of the West Bank. Rights groups warn this would isolate East Jerusalem from surrounding Palestinian communities and make a contiguous Palestinian state nearly impossible.

Far-right Finance Minister Bezalel Smotrich hailed the decision as “historic,” framing it as a direct challenge to recent international moves toward recognizing Palestinian statehood. The UN and most of the international community consider such settlements illegal under international law and an obstacle to peace.

If implemented swiftly, infrastructure work could begin within months, with home construction starting in about a year. Peace Now, an Israeli advocacy group, called the project a “knockout blow” to peace efforts, warning it would lock in decades of conflict.

The approval comes amid heightened violence in the West Bank, where settler attacks, military operations, and restrictions on Palestinian movement have sharply increased since the Gaza war began in 2023.


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