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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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High-Stakes Court Clash Over Ruby Liu’s Hudson’s Bay Lease Ambitions

 

                            Billionaire Ruby Liu tours a former Hudson's Bay-owned Saks Off 5th department store.


A tense legal battle is unfolding in Ontario Superior Court over B.C. billionaire Ruby Liu’s bid to acquire 25 former Hudson’s Bay store leases for $69.1 million. Liu, who already owns three Bay leases in malls she controls, plans to launch a new department store chain under her own name, backed by a proposed $400 million investment.

However, landlords — including major property owners like KingSett Capital, Cadillac Fairview, Oxford Properties, and Ivanhoé Cambridge — argue her plan is financially unrealistic and operationally flawed. KingSett’s lawyer, Matthew Gottlieb, told the court the $400 million Liu cites is “non-existent,” noting she has refused to personally guarantee the funds and that much of her capital is tied up in companies without binding commitments to support the venture.

Landlords also point to significant losses at Liu’s existing malls and claim her renovation budgets and timelines underestimate the work needed to revive the shuttered spaces. The court-appointed monitor, Alvarez & Marsal, has recommended rejecting the deal, citing concerns over the viability of her business plan.

Hudson’s Bay, which is under creditor protection, supports the sale, arguing Liu was the highest bidder in a court-supervised process and that the deal could return up to $50 million to senior creditors. The outcome could set a precedent for future lease transfers in insolvency cases.

The hearing continues, with both sides framing the decision as pivotal — either a bold retail revival or a costly misstep.

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