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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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Wall Street Holds Steady as Target Earnings and Fed Minutes Take Center Stage

 

U.S. stock futures were little changed Wednesday morning, pausing after a volatile stretch for technology shares as investors digested fresh retail earnings and awaited key signals from the Federal Reserve.

The Dow Jones Industrial Average and S&P 500 hovered just below the flat line, while Nasdaq 100 futures slipped slightly following Tuesday’s tech-led selloff. Target’s quarterly results — which beat profit expectations but revealed ongoing pressure from tariffs and cautious consumer spending — sent its shares down 10% in premarket trading. The retailer also announced Michael Fiddelke will succeed Brian Cornell as CEO in 2026.

Lowe’s stock rose after lifting its 2025 forecast, offering a bright spot in the retail sector ahead of Walmart’s earnings on Thursday.

Market attention now turns to the release of the Fed’s July meeting minutes, expected to shed light on policymakers’ thinking around potential interest rate cuts. The report will serve as a prelude to Chair Jerome Powell’s speech at the Jackson Hole symposium on Friday, where investors hope to gain clarity on the central bank’s path amid a cooling labor market and persistent inflation pressures.

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