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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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Apple Cake Recipe


This French apple cake is tender, buttery, and effortlessly delicious—simple to make and perfect any time of day.

Ingredients

  • 1 cup (125 g) all-purpose flour
  • 1 teaspoon baking powder
  • 1/4 teaspoon salt
  • 1/2 cup (1 stick / 113 g) unsalted butter, melted and cooled slightly
  • 2/3 cup (135 g) granulated sugar
  • 2 large eggs
  • 1 1/2 teaspoons vanilla extract
  • 3 tablespoons dark rum (optional but traditional)
  • 2 medium–large apples (about 1 lb / 450 g total), peeled, cored, and cut into 1/2‑inch chunks
  • Confectioners’ sugar, for dusting (optional)

Instructions

  1. Preheat oven to 350°F (175°C). Grease a 9‑inch springform pan and line the bottom with parchment paper.
  2. Mix dry ingredients: In a small bowl, whisk together flour, baking powder, and salt.
  3. Mix wet ingredients: In a large bowl, whisk melted butter and sugar until smooth. Add eggs one at a time, whisking well after each. Stir in vanilla and rum.
  4. Combine: Add dry ingredients to wet and stir until just combined (don’t overmix).
  5. Fold in apples: The batter will be thick and apple‑heavy—that’s exactly right.
  6. Bake: Pour into prepared pan, smoothing the top. Bake 40–50 minutes, until golden brown and a toothpick inserted in the center comes out clean.
  7. Cool & serve: Let cool in the pan for 10 minutes, then release the springform. Serve warm or at room temperature, dusted with powdered sugar if desired.

Tips for Success

  • Apple choice: Use a mix of sweet and tart (e.g., Honeycrisp + Granny Smith) for best flavor.
  • Rum substitute: If you prefer alcohol‑free, swap with apple juice or milk.
  • Serving idea: Lovely with whipped cream, vanilla ice cream, or a drizzle of caramel sauce.


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