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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 Steps In to End Air Canada Flight Attendant Strike With Binding Arbitration

 

Air Canada flight attendants strike outside Montreal–Trudeau International Airport in Montreal, Saturday, Aug. 16, 2025.


In a swift move to end a nationwide travel disruption, the federal government has ordered binding arbitration between Air Canada and the union representing more than 10,000 flight attendants. The decision, announced by Jobs Minister Patty Hajdu on Saturday, came less than 12 hours after the strike began, grounding Air Canada and Air Canada Rouge flights and stranding an estimated 130,000 passengers per day.

Invoking Section 107 of the Canada Labour Code, Hajdu directed both sides to resume operations while an arbitrator resolves outstanding issues. The minister said months of negotiations and federal mediation had failed to produce a deal, and arbitration was the “most stable way” to protect Canadians and the economy.

The Canadian Union of Public Employees (CUPE) criticized the intervention, accusing Ottawa of undermining workers’ Charter rights and siding with an “obstinate employer”. The union’s key demands include wage increases to match inflation and compensation for unpaid duties when planes are on the ground.

Air Canada expressed regret over the disruption and warned it could take five to ten days for full service to resume. Flights operated by Air Canada Express remain unaffected.

The standoff now shifts from picket lines to the arbitration table — but for thousands of travellers, the wait to get moving again has only just begun.

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