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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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Spain’s Shorter Workweek Bid Collapses Amid Political Turmoil



Spain’s lower house has rejected a proposal to cut the standard workweek from 40 to 37.5 hours, marking another setback for Prime Minister Pedro Sánchez’s fragile Socialist-led minority government.

The bill, championed by Labour Minister Yolanda Díaz and backed by major trade unions, aimed to reduce working hours by half an hour per day for millions of workers. However, it was blocked in a 178–170 vote after the conservative Partido Popular, far-right Vox, and pro-independence Catalan party Junts united against it.

Opponents argued the measure would burden small businesses and farmers with higher costs, risking job losses and harming the economy. Díaz condemned Junts’ veto as “incomprehensible” and vowed to reintroduce the legislation.

The defeat underscores the government’s struggle to pass key reforms in a deeply fragmented parliament. With a long-overdue budget still pending and corruption scandals eroding public trust, Sánchez faces mounting political pressure ahead of crucial legislative battles later this year.

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