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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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Tens of Thousands on Alert as Wildfires Threaten Newfoundland and Labrador Communities

Smoke from a fire in Conception Bay North, N.L., can be seen from Burnt Point on Aug. 12, 2025. 


An escalating wildfire crisis has placed roughly 20,000 residents of Newfoundland and Labrador under evacuation alerts, with officials warning that conditions could change rapidly.

About 5,400 people in two neighbourhoods of St. John’s were told Tuesday to be ready to leave at a moment’s notice, joining approximately 15,000 residents in Paradise and Conception Bay South who received similar alerts earlier in the week.

The most pressing threat comes from the Paddy’s Pond wildfire, which has burned more than 200 hectares and sits dangerously close to the Trans-Canada Highway. Nine wildfires are currently active across the province, at least four of them classified as out of control.

Premier John Hogan has declared a regional state of emergency for parts of St. John’s, Paradise, and Conception Bay South, while the Canadian Armed Forces and coast guard assist with firefighting and supply delivery.

Officials urge residents in affected areas to keep emergency bags packed and to monitor official channels for updates, as hot, windy weather continues to fuel extreme fire risk.

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