Skip to main content

Featured

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....

article

Hurricane Melissa Leaves Caribbean in Ruins, Bermuda Braces for Impact

 

People walk along a street after floods caused by the outer bands of Hurricane Melissa killed several people, in Petit Goave, Haiti.


Hurricane Melissa, once a Category 5 storm, has battered the northern Caribbean, leaving widespread destruction in its wake. The storm tore through Jamaica, Cuba, Haiti, and the Dominican Republic, flattening homes, flooding communities, and cutting power to millions. At least 34 people have died across the region, with Haiti suffering the heaviest toll.

In Jamaica, entire neighborhoods were submerged, with residents stranded on rooftops. Cuba’s eastern provinces endured a punishing night as Melissa made landfall as a Category 3 hurricane, toppling infrastructure and forcing mass evacuations.

The Bahamas and Turks and Caicos were next in Melissa’s path, where residents faced damaging winds, torrential rains, and storm surges. Emergency shelters quickly filled as catastrophic flooding loomed.

Now, the storm is accelerating northeast across open waters, and Bermuda is expected to feel hurricane-force winds and heavy rainfall by late Thursday. A hurricane warning is in effect for the island, where officials are urging residents to complete preparations before conditions deteriorate.

Though Melissa has weakened to a Category 2 storm, it remains highly dangerous. The storm’s rapid forward speed could intensify storm surge impacts along Bermuda’s coastline, while flash flooding and landslides remain a threat in the Caribbean’s hardest-hit areas.

As rescue and recovery efforts begin across the devastated islands, aid agencies are mobilizing to deliver food, water, and medical supplies. For many communities, however, the road to recovery will be long, with infrastructure, housing, and livelihoods shattered by one of the most powerful hurricanes in recent memory.


Comments