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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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Ukraine Drone Strikes Disrupt Russian Energy Sites, Ignite Fires at Nuclear and Fuel Facilities

 
    

                                            FILE PHOTO: A view shows the Kursk Nuclear Power Plant (KNPP)

Ukrainian drone attacks overnight have struck key Russian energy infrastructure, forcing a 50% capacity cut at the Kursk Nuclear Power Plant and sparking a major fire at Novatek’s Ust-Luga fuel export terminal.

Russian officials said air defences intercepted a drone near the Kursk plant, damaging an auxiliary transformer at reactor No. 3. The resulting fire was quickly extinguished, with no injuries reported and radiation levels remaining normal.

In Russia’s Leningrad region, debris from downed drones ignited a blaze at the Ust-Luga terminal — a major Baltic Sea hub for processing and exporting fuel products. Emergency crews contained the fire, and no casualties were reported.

Moscow claimed its forces destroyed 95 Ukrainian drones across 13 regions overnight, while flights at several airports, including St. Petersburg’s Pulkovo, were temporarily halted due to the attacks.

Kyiv has not commented on the latest strikes but has previously said such operations target infrastructure critical to Russia’s war effort.

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