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

Tragedy in Kenya: Tourist Plane Crash Claims 11 Lives

Security officials secure the wreckage of the aircraft 5Y-CCA operated by Mombasa Air Services, which crashed with 12 passengers onboard on its way from Diani to Kichwa Tembo, at the Tsimba Golini area in Kwale County

A devastating plane crash in Kenya’s coastal Kwale region has claimed the lives of 11 people, including 10 foreign tourists and a Kenyan pilot. The light aircraft, operated by Mombasa Air Safari, was en route to the world-renowned Maasai Mara National Reserve when it went down early Tuesday morning in a hilly, forested area about 40 kilometers from Diani airstrip.

According to officials, the passengers included eight Hungarian nationals and two Germans, all of whom were visiting Kenya for a safari experience. Tragically, there were no survivors. The Civil Aviation Authority confirmed that the aircraft lost contact with air traffic control shortly after departure, prompting a search that led to the discovery of the wreckage.

Witnesses reported that the crash site was difficult to access due to the dense terrain, complicating rescue and recovery efforts. Authorities have launched a full investigation into the cause of the accident, with early reports indicating that the pilot failed to establish communication after takeoff.

The incident has cast a shadow over Kenya’s tourism sector, which heavily relies on international visitors drawn to its wildlife reserves and coastal attractions. The Maasai Mara, the intended destination of the ill-fated flight, is one of Africa’s most iconic safari locations, famous for its annual wildebeest migration and rich biodiversity.

Kenyan officials expressed condolences to the victims’ families and pledged transparency in the investigation. Mombasa Air Safari, in a statement, said it was “deeply saddened by the tragic loss of lives” and is cooperating fully with aviation authorities.

This tragedy underscores ongoing concerns about aviation safety in East Africa, where smaller aircraft are often used to connect remote tourist destinations. While Kenya has made strides in improving air travel safety, accidents involving light aircraft remain a recurring challenge.

The crash serves as a somber reminder of the risks associated with regional air travel, even as Kenya continues to welcome thousands of tourists each year to experience its natural wonders.


Comments