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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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Zelensky Heads to Washington as Trump Shifts Focus to Full Peace Deal After Failed U.S.-Russia Ceasefire Talks

 

U.S. President Donald Trump and Russia's President Vladimir Putin at a news conference in Anchorage, Alaska, on Friday.


Ukrainian President Volodymyr Zelensky will meet U.S. President Donald Trump at the White House on Monday, just days after a high-profile U.S.-Russia summit in Alaska ended without securing a ceasefire in Ukraine.

The Alaska talks between Trump and Russian President Vladimir Putin produced no agreement to halt the fighting, but Trump emerged advocating for a comprehensive peace agreement rather than a temporary truce — a stance that aligns with Moscow’s position.

Zelensky, who was not invited to the summit, said he held a “long and substantive” conversation with Trump early Saturday and welcomed the invitation to Washington. The two leaders are expected to discuss “all of the details regarding ending the killing and the war,” with Trump suggesting that, if progress is made, a trilateral meeting with Putin could follow.

European leaders, briefed by Trump after the summit, expressed readiness to support a three-way meeting and pledged to maintain pressure on Russia until a “just and lasting peace” is achieved.

The meeting will mark Zelensky’s first visit to the U.S. since a tense Oval Office exchange with Trump earlier this year. It comes as the war — now in its fourth year — continues to claim lives daily, with both sides showing no sign of slowing military operations.

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