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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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Poilievre Pressures Carney to Cap Deficit at $42B in Next Budget

Conservative leader Pierre Poilievre also called for an end to what he calls 'the inflation tax' and the federal fuel standard.

Conservative Leader Pierre Poilievre is urging Prime Minister Mark Carney to rein in federal spending and ensure the upcoming budget keeps the deficit below $42 billion. Speaking on Parliament Hill, Poilievre argued that Canadians are already struggling with high living costs and cannot afford what he calls “reckless overspending” by the Liberal government.

Carney, however, has signaled that the deficit is likely to exceed earlier projections, with the Parliamentary Budget Officer forecasting a shortfall closer to $68.5 billion this year. The Prime Minister has defended his fiscal approach, pointing to investments in infrastructure and social programs as necessary to support long-term growth.

The clash underscores a growing political battle over fiscal responsibility, with Poilievre framing the issue as one of affordability and accountability, while Carney emphasizes economic resilience and future-oriented spending.


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