Skip to main content

Featured

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....
Post a Comment
Read more

article

Labels

Trump Seeks Long-Term Extension of Federal Control Over D.C. Police

 

                                            U.S. President Donald Trump


President Donald Trump announced Wednesday that he will ask Congress for a long-term extension of federal control over Washington, D.C.’s Metropolitan Police Department, a move he says is aimed at making the nation’s capital “crime-free”.

The current federal authority, invoked under the District of Columbia Home Rule Act, allows the president to take control of the city’s police for up to 30 days during a declared emergency. Trump’s takeover began earlier this week alongside the deployment of National Guard troops, but any extension beyond the 30-day limit requires a joint resolution from Congress.

Speaking at the Kennedy Center, Trump expressed confidence that Republicans would back the measure “almost unanimously” and hinted at broader plans, including a D.C.-specific crime bill, ending cashless bail, and city “beautification” projects such as road repairs, graffiti removal, and clearing homeless encampments.

While Trump argues the measures are necessary to combat crime, city data shows violent crime has been declining for over a year, with robberies down 28% and overall violent crime down 26% compared to last year. D.C. Mayor Muriel Bowser has reiterated her call for statehood in response to the federal intervention.

The initial 30-day period of federal control is set to expire in early September unless Congress approves the extension.

Labels:

Comments

Post a Comment