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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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Ravenna Dockworkers Halt Arms Transit to Israel Amid Nationwide Protests

People carry Palestinian flags as they bid farewell to the Italian fleet of the Global Sumud Flotilla departing from the port of Siracusa, Italy, Sept. 11, 2025.

The Italian Adriatic port of Ravenna has refused entry to two trucks reportedly carrying explosives bound for Israel, intensifying a wave of dockworker-led protests against the war in Gaza. Mayor Alessandro Barattoni said the move, backed by the regional government, was aimed at closing “bureaucratic loopholes” that allow foreign arms to pass through Italy despite an official ban on direct sales.

The action aligns Ravenna with similar port blockades in France, Sweden, and Greece, as unions escalate pressure on Prime Minister Giorgia Meloni’s government to suspend all military and commercial ties with Israel, lift the humanitarian embargo, and recognise Palestine.

Italy’s largest trade union, CGIL, will stage a national half-day strike and marches in multiple cities on Friday, while ports in Genoa and Livorno are set for shutdowns on September 22. Foreign Minister Antonio Tajani signalled support for potential EU sanctions on violent Israeli settlers and ministers over “unacceptable” remarks on Gaza and the West Bank.


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