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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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Angela Rayner Steps Down Amid £40,000 Stamp Duty Underpayment on Hove Flat

 


Deputy Prime Minister and Housing Secretary Angela Rayner has resigned following revelations that she underpaid approximately £40,000 in stamp duty on her £800,000 flat in Hove. The Labour MP for Ashton-under-Lyne, who also served as deputy leader of the party, admitted the error earlier this week and referred herself to the government’s independent ethics adviser.

The investigation, led by Sir Laurie Magnus, concluded that while Rayner acted in “good faith” and with “honesty and integrity,” she failed to meet the highest standards expected of ministers by not seeking specialist tax advice. The underpayment arose after she declared the property as her main home rather than a second home, reducing the tax due.

In her resignation letter, Rayner expressed “deep regret” over the mistake, stating it was never her intention to pay less than the correct amount. She also cited the impact of the controversy on her family as a factor in her decision to step down.

Prime Minister Sir Keir Starmer praised Rayner’s service, calling her a “trusted colleague” and “true friend,” while Conservative leader Kemi Badenoch criticised the delay in her departure. Rayner’s exit is expected to trigger a significant Cabinet reshuffle, leaving a gap in the government’s housing agenda, including Labour’s pledge to build 1.5 million homes by the end of the Parliament.


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