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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 Slips Ahead of Walmart Earnings and Jackson Hole Summit

 

US stocks edged lower Thursday morning as investors braced for a fresh batch of corporate results and the start of the Federal Reserve’s high-profile Jackson Hole gathering.

The Dow Jones Industrial Average fell roughly 0.4%, the S&P 500 dipped 0.2%, and the Nasdaq 100 was little changed as selling in Big Tech eased after recent sharp declines.

Walmart was in the spotlight, capping a week of major retail earnings. The retail giant raised its full-year sales and profit outlook, crediting its low-price strategy for drawing in shoppers. However, second-quarter profit came in below lofty expectations, sending shares lower in premarket trading.

Market sentiment was also weighed down by lingering concerns over interest rates. Minutes from the Fed’s July meeting signaled that policymakers remain more focused on stubborn inflation than on a cooling labor market, dampening hopes for near-term rate cuts.

Investors are now turning their attention to preliminary August data on US manufacturing and services, weekly jobless claims, and—most notably—Fed Chair Jerome Powell’s speech on Friday, which could offer clues on the central bank’s policy path.

Short sellers have reportedly reaped over $5 billion from recent weakness in tech stocks, as AI-related jitters ripple through the market.


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