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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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France Plunged Into Political Turmoil as New Government Collapses Within Hours

    

                          Lecornu, who was only appointed last month, was Macron's fifth prime minister in two years. 
        

France has been thrown into fresh political chaos after Prime Minister Sébastien Lecornu and his newly appointed cabinet resigned just hours after being unveiled, marking the shortest-lived government in modern French history.

Lecornu, who had been in office for only 27 days, stepped down on Monday morning after fierce backlash from both allies and opponents over his cabinet lineup. The government, which lasted barely 14 hours, collapsed before holding its first official meeting.

In a brief statement, Lecornu admitted that “the conditions were not fulfilled” to carry out his role, blaming entrenched partisan divisions and opposition threats of a no-confidence vote.

The resignation is a major blow to President Emmanuel Macron, who has now seen multiple governments fall in quick succession amid a deeply fragmented parliament. The far-right National Rally immediately called for snap elections, while the left-wing France Unbowed demanded Macron himself step down.

The political instability rattled financial markets, with the Paris stock exchange dropping sharply and the euro weakening against major currencies.

With no clear majority in parliament and mounting pressure from across the political spectrum, France faces an uncertain path forward. Calls for new elections are growing louder, raising the prospect of yet another dramatic shift in the country’s leadership.



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