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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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U.S. Amphibious Squadron Heads to Venezuela in Escalated Anti-Cartel Push

 

The USS San Antonio, one of the three amphibious assault ships expected to reach the Venezuelan coast on Sunday.


In a significant show of force, President Donald Trump has ordered an amphibious naval squadron to the southern Caribbean as part of a broader campaign against Latin American drug cartels. The deployment includes the USS San Antonio, USS Iwo Jima, and USS Fort Lauderdale, carrying approximately 4,500 service members — among them 2,200 Marines — and is expected to reach the Venezuelan coast within days.

While U.S. officials have not disclosed the squadron’s specific mission, the move follows the administration’s designation of several criminal groups — including Venezuela’s Tren de Aragua and Mexico’s Sinaloa Cartel — as global terrorist organizations earlier this year. The Trump administration argues these groups’ transnational operations, from drug trafficking to violent territorial expansion, pose a direct threat to U.S. national security.

The deployment comes amid heightened tensions with Venezuelan President Nicolás Maduro, who has accused Washington of increasing threats against his country and announced plans to mobilize millions of militia members in response.

This latest maneuver underscores the administration’s strategy of combining military presence with diplomatic pressure to curb cartel influence in the region.

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