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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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Fragile Calm as Gazans Return to Ruins After Ceasefire

Palestinians, who were displaced to the southern part of Gaza at Israel's order during the war, walk along a road ast destroyed buildings as they attempt to return to the north after a ceasefire between Israel and Hamas in Gaza went into effect, in the central Gaza Strip, October 10, 2025.

After two years of relentless conflict, a ceasefire between Israel and Hamas has brought a fragile sense of relief to Gaza. Israeli forces began withdrawing from several areas on Friday, allowing thousands of displaced Palestinians to cautiously return to their neighborhoods. Many, however, found little more than rubble where their homes once stood.

“Thank God my house is still standing,” said one resident, while others described entire districts reduced to dust. Rescue workers rushed into previously inaccessible zones, recovering bodies and aiding survivors still trapped beneath debris.

The ceasefire, brokered with international support, includes provisions for the release of Israeli hostages in exchange for Palestinian prisoners. Humanitarian aid trucks carrying food, medicine, and emergency supplies are also preparing to enter the enclave, offering much-needed relief to civilians who have endured hunger, displacement, and medical shortages.

Despite the truce, sporadic gunfire and shelling were still reported, underscoring the fragility of the moment. For many Gazans, the ceasefire is not only a political milestone but also a deeply personal one—a chance to grieve, rebuild, and hope for a future beyond war.


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