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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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Pentagon Authorizes Armed National Guard Deployment in Washington, D.C.

 

                                            Nearly 2,000 National Guard members have been stationed in Washington.


In a significant shift to the ongoing federal security presence in the U.S. capital, Defense Secretary Pete Hegseth has authorized nearly 2,000 National Guard troops stationed in Washington, D.C., to carry their service-issued firearms while on duty.

The decision marks an escalation in President Donald Trump’s law enforcement crackdown, which has already seen Guard members from multiple Republican-led states deployed to the city. Initially, the Pentagon had stated that troops would not be armed, but the new directive allows them to carry weapons “consistent with their mission and training”.

While the Guard’s primary role has so far involved protecting landmarks, assisting with crowd control, and providing a visible deterrent, the change raises questions about the scope of their mission going forward. Officials have emphasized that the troops will not be making arrests, though they may detain individuals temporarily until law enforcement arrives.

The move comes amid political tension between the federal government and D.C.’s local leadership, with critics warning of unprecedented federal intervention in the city’s policing. Supporters of the measure argue it will bolster public safety and deter crime.

The Pentagon has not provided a timeline for how long the armed deployment will remain in place, but President Trump has suggested the mission could continue for months.

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