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....
Post a Comment
Read more

article

Labels

Trade War Leaves Canadian Canola Farmers Buried in Unsold Seed


Canadian canola farmers are facing mounting pressure as the ongoing trade dispute with China continues to choke off one of their most important export markets. With Beijing imposing tariffs of nearly 76% on Canadian canola seed, producers across the Prairies are left with overflowing storage bins and dwindling options to sell their crop.

The surplus is staggering. According to the Canadian Grain Commission, on-farm seed reserves are expected to surpass 19 million tonnes — the equivalent of more than 70 fully loaded container ships. For many of the 40,000 growers in Saskatchewan, Manitoba, and Alberta, the glut has driven prices to some of their lowest levels in years, making it difficult to cover mortgages, input costs, and operating loans.

Industry leaders warn that without renewed access to China — once Canada’s largest canola buyer — or rapid diversification into new markets, the financial strain could force some farmers out of business. Saskatchewan’s government has already begun exploring opportunities in Southeast Asia, but analysts caution that building new trade relationships takes time.

For now, farmers are caught in the middle of a geopolitical standoff, storing their harvest in the hope that Ottawa and Beijing can resolve their differences before the bins — and their patience — run out.


Labels:

Comments

Post a Comment