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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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Putin Signals Openness to Zelenskiy Meeting Amid Legitimacy Concerns

 

                      Women visit a makeshift memorial to fallen Ukrainian defenders at Independence Square in Kyiv.    


Russian President Vladimir Putin is reportedly willing to meet Ukrainian President Volodymyr Zelenskiy, but only after all major issues are thoroughly addressed in advance. According to Foreign Minister Sergei Lavrov, any high-level talks would require detailed preparation by experts and ministers, ensuring that potential agreements are fully developed before leaders sit down face-to-face.

A key sticking point, Lavrov noted, is Moscow’s ongoing challenge to Zelenskiy’s legitimacy, as Ukraine’s presidential elections have been postponed due to the war. While Kyiv maintains that Zelenskiy remains the lawful head of state under wartime provisions, Russian officials fear that any deal he signs could be contested by future Ukrainian leaders.

Lavrov also suggested that the most viable framework for peace remains the 2022 Istanbul draft proposal, which called for Ukraine’s permanent neutrality in exchange for international security guarantees from the five permanent members of the UN Security Council. He criticized European leaders for allegedly undermining progress made during recent diplomatic engagements, including the Alaska summit between Putin and U.S. President Donald Trump.

The prospect of a Putin–Zelenskiy meeting, potentially followed by a trilateral summit with Trump, marks a notable—if cautious—shift in the diplomatic landscape, though significant political and procedural hurdles remain before such talks could take place.

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