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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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Global Leaders Unite in Push for Ceasefire Amid Escalating Israel-Hamas Conflict

The office of Prime Minister Mark Carney said the leaders agreed focus must stay on ‘advancing peace and security’ in the region.

In a show of coordinated diplomacy, leaders from Canada, France, Qatar, Egypt, Jordan, and the United Kingdom held a high-level call on Monday to address the worsening Israel-Hamas war. Chaired by French President Emmanuel Macron, the discussion focused on securing a lasting ceasefire, the release of all hostages, the disarmament of Hamas, and the urgent delivery of humanitarian aid to Palestinian civilians.

The meeting came in the wake of Israel’s controversial September 9 strike in Doha, which targeted Hamas leadership and killed five members of the group. Qatar, a key mediator in the conflict, condemned the attack as a violation of its sovereignty, warning it risked derailing ongoing ceasefire negotiations.

Canadian Prime Minister Mark Carney reaffirmed Canada’s commitment to a two-state solution and expressed solidarity with Qatar, calling the strike “an intolerable expansion of violence” that threatens regional stability. The call underscored growing international pressure on Israel to curb military actions and prioritize diplomatic solutions, as the war—now nearing its second anniversary—continues to claim thousands of lives and deepen the humanitarian crisis in Gaza.

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