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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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Trump Presses Zelensky to Consider Putin’s Land Demand in Push for Peace

Vladimir Putin told Donald Trump that he would end the war if Ukraine surrenders the Donetsk region to Russia.



In the wake of a high-profile summit in Alaska, U.S. President Donald Trump has urged Ukrainian President Volodymyr Zelensky to consider a deal with Russia that would involve ceding all of Donetsk to Moscow in exchange for a freeze on most front lines. According to sources familiar with the discussions, Russian President Vladimir Putin made the proposal directly to Trump, who then relayed it to Kyiv.

Trump argued that moving straight to a peace agreement—rather than a ceasefire—would be the fastest way to end the war, calling Russia “a very big power” and suggesting Ukraine “has to agree to it”. Zelensky, however, rejected the territorial concession, citing Ukraine’s constitutional prohibition on surrendering land.

European allies, while welcoming diplomatic efforts, have reiterated their commitment to supporting Ukraine’s sovereignty and tightening sanctions on Russia. The proposal has sparked concern among some leaders that pressuring Kyiv into a land-for-peace deal could fracture allied unity and embolden Moscow’s long-term ambitions.

Zelensky is set to meet Trump in Washington on Monday, with European leaders expected to join the talks in hopes of finding common ground without compromising Ukraine’s territorial integrity.

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