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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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ICJ Orders Israel to Facilitate Gaza Aid, But Israel Rejects Ruling

The ICJ opinion found Palestinians in Gaza were inadequately supplied and stressed Israel cannot use starvation as a weapon of war.

The International Court of Justice (ICJ) has issued an advisory opinion declaring that Israel is legally obliged to support United Nations relief operations in Gaza, including those carried out by the UN Relief and Works Agency for Palestine Refugees (UNRWA). The court emphasized that Israel, as the occupying power, must ensure the “basic needs” of Gaza’s population are met, including access to food, water, medicine, and shelter.

ICJ President Yuji Iwasawa stated that Israel had failed to substantiate its claims that UNRWA was infiltrated by Hamas or other militant groups. The court dismissed allegations that the agency had violated neutrality, stressing that no evidence supported such accusations.

Israel, however, has openly rejected the ruling. Senior officials said UNRWA would “never set foot in Gaza again,” arguing that UN agencies had failed in the past or fallen under Hamas influence. The government vowed to continue blocking the agency’s return, despite mounting international pressure.

The ruling, while advisory and not legally binding, carries significant political weight. UN Secretary-General António Guterres welcomed the decision, urging Israel to comply and allow humanitarian agencies to operate freely in Gaza.

The standoff highlights the deepening rift between Israel and international institutions, as aid groups warn that continued restrictions could worsen the humanitarian crisis in the enclave.


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