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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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Norway’s $2 Trillion Wealth Fund Begins Israeli Divestment Amid Gaza Crisis

 

 Norges Bank Investment Management (NBIM), an arm of Norway's central bank.

 
In a significant move reflecting growing global concern over the humanitarian crisis in Gaza, Norway’s sovereign wealth fund—the world’s largest—has divested from 11 Israeli companies and signaled further withdrawals may follow.

The $2 trillion fund, managed by Norges Bank Investment Management (NBIM), announced the decision after an internal review revealed investments in firms linked to Israel’s military operations, including Bet Shemesh Engines Ltd, which supplies parts for fighter jets. NBIM CEO Nicolai Tangen stated that the divestments were prompted by “extraordinary circumstances” and emphasized the need for tighter oversight of investments in conflict zones.

The fund has also terminated contracts with external asset managers handling Israeli portfolios and is bringing all such investments in-house. While the names of the other ten companies were not disclosed, the fund confirmed that it held stakes in 61 Israeli firms as of June 30 and expects to divest from more.

This action follows mounting pressure from Norwegian lawmakers and civil society, as well as media scrutiny over the fund’s ethical responsibilities. The move underscores a broader shift in global investment strategies, where humanitarian concerns are increasingly influencing financial decisions.

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