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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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Ottawa Holds Firm on Canola Tariffs Amid China Trade Tensions

 

                                            A canola plant in full bloom is pictured near Cremona, Alta.


Canada is demanding clarity from Beijing before considering any concessions on steep tariffs imposed on Canadian canola exports. The move comes after China announced a preliminary anti-dumping duty of 75.8% on Canadian canola seed, escalating a trade dispute that began with Ottawa’s tariffs on Chinese electric vehicles last year.

Canadian Agriculture Minister has emphasized that any resolution must be based on transparency and fairness. “We need certainty and a clear path forward before we can entertain any concessions,” the minister stated, underscoring the importance of protecting Canada’s $43-billion canola industry, which supports over 200,000 jobs nationwide.

China, the world’s largest importer of canola, claims Canadian exporters have been dumping product below market value, a charge Ottawa firmly denies. The Canola Council of Canada warns that the new tariffs could effectively shut Canadian producers out of the Chinese market, which was valued at nearly $5 billion in 2023.

As tensions mount, industry leaders and provincial officials are urging the federal government to prioritize the canola sector in its trade strategy. Saskatchewan Premier Scott Moe called for immediate action, arguing that the canola industry deserves equal protection compared to other sectors like steel and electric vehicles.

With China’s investigation set to conclude in September—though it could be extended—Ottawa is navigating a delicate balance between defending domestic industries and maintaining critical trade relationships.


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