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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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Europe Moves to Trigger UN Sanctions on Iran Amid Rising Tensions

 

Iranian flags fly as fire and smoke from an Israeli attack on Sharan Oil depot rise, in Tehran on June 15.


Britain, France, and Germany — collectively known as the E3 — have initiated a 30‑day process to reimpose United Nations sanctions on Iran over its nuclear program. The move, known as the “snapback mechanism,” comes just two months after Israeli and U.S. strikes on Iranian nuclear facilities and ahead of an October deadline that would see the E3 lose their authority to restore sanctions.

European leaders stressed that the decision does not mark the end of diplomacy, urging Tehran to cooperate with the International Atomic Energy Agency and engage in direct talks with the United States within the next month.

Iran swiftly condemned the action as “illegal and regrettable,” warning of a “harsh response” if sanctions are reinstated. Tehran maintains its uranium enrichment — currently up to 60% purity — is for civilian purposes, though Western powers argue it exceeds civilian needs.

The UN Security Council is expected to meet behind closed doors to discuss the matter, as the looming sanctions threaten to further strain already fragile diplomatic channels.

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