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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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Putin Signals Openness to Ukraine’s EU Membership, Reiterates NATO Opposition

 

Russian President Vladimir Putin and Slovak Prime Minister Robert Fico pose for a picture during a meeting at Diaoyutai State Guesthouse in Beijing.


Russian President Vladimir Putin has stated that Moscow has “never opposed” Ukraine’s potential membership in the European Union, marking a notable public clarification amid the ongoing war. Speaking during talks with Slovak Prime Minister Robert Fico in China, Putin emphasized that Russia’s objections have always centered on NATO expansion, not the EU.

He dismissed Western claims that Moscow intends to attack deeper into Europe as “hysteria” and “horror stories,” while reiterating that Russia’s military actions in Ukraine were a response to what he described as the West’s attempt to absorb the post-Soviet space through NATO.

Putin also suggested there may be room for consensus on security guarantees for both Russia and Ukraine if the conflict ends, referencing discussions he held with U.S. President Donald Trump in August.

The remarks come as Ukraine continues to push for closer integration with European institutions, while its NATO ambitions remain a central point of contention between Kyiv and Moscow.


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