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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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Kyiv Reels from One of War’s Largest Air Assaults as 15 Killed in Overnight Barrage

                                          An apartment building in Kyiv that was hit by a Russian missile.

In the early hours of Thursday, Russia unleashed one of its most intense aerial assaults on Ukraine’s capital since the start of the full-scale invasion, killing at least 15 people — including four children — and injuring 48. The attack, which struck both central and residential districts of Kyiv, involved 598 drones and decoys alongside 31 missiles launched nationwide. Ukrainian air defenses intercepted the majority, but nearly 100 buildings were damaged, including a shopping mall, homes, and the European Union’s diplomatic mission.

President Volodymyr Zelensky condemned the strikes as proof that Moscow is “choosing ballistics instead of the negotiating table” and urged the international community to respond with stronger sanctions. Emergency crews worked through the morning to rescue survivors from collapsed buildings, while residents cleared shattered glass from streets littered with debris.

The assault marks a rare direct hit on Kyiv’s city center and underscores the escalating intensity of Russia’s long-range attacks, even as global peace efforts struggle to gain traction.

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