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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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NDP at a Crossroads: Avi Lewis and Heather McPherson Emerge as Leadership Frontrunners

 

Then New Democratic Party Leader Jagmeet Singh addresses supporters accompanied by his wife Gurkiran Kaur at his campaign headquarters on election night in Burnaby, B.C., on Monday, April 28, 2025.


After Jagmeet Singh’s resignation, the federal New Democratic Party finds itself in a defining moment. Following a devastating 2025 election that reduced the party to just seven seats and stripped it of official party status, the NDP is now searching for a leader who can rebuild its base and restore its relevance in Canadian politics.

Two names have quickly risen to the top of the conversation: Avi Lewis and Heather McPherson.

  • Avi Lewis, a filmmaker, activist, and member of a storied NDP family, has officially launched his campaign. Known for his environmental advocacy and progressive vision, Lewis brings strong name recognition and organizational experience. However, his lack of parliamentary success may raise questions about his ability to unite the party’s grassroots.

  • Heather McPherson, the MP for Edmonton Strathcona, is seen as the party’s most secure federal voice. Even during the NDP’s electoral collapse, she held her seat, making her a symbol of resilience. McPherson has hinted at leadership ambitions, though she has acknowledged the challenge of strengthening her French to appeal nationally.

With the deadline for candidates set for January 2026, the race is expected to intensify. Whoever takes the helm will face the daunting task of reviving a fractured party, reconnecting with disillusioned voters, and charting a new course for Canada’s progressive movement.


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