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

Canada and UAE Deepen Economic Ties with Landmark Investment Pact

 

                               Carney signs UAE investment pact, launches trade talks during Abu Dhabi visit.


Canadian Prime Minister Mark Carney has signed a foreign investment protection agreement with the United Arab Emirates during his visit to Abu Dhabi, marking a significant step in strengthening bilateral economic relations. The pact establishes clear rules for private sector deals and is expected to encourage larger cross-border investments.

Alongside the agreement, both countries formally launched negotiations for a free trade deal, aiming toward a comprehensive economic partnership. This initiative could expand cooperation in key sectors such as energy, agriculture, infrastructure, and artificial intelligence, reflecting Canada’s ambition to diversify its global trade portfolio.

Carney’s trip is notable as the first visit by a Canadian prime minister to the UAE since 1983, underscoring the strategic importance of the Gulf nation in Canada’s foreign policy. The visit also comes amid international scrutiny of the UAE’s role in Sudan, adding a layer of geopolitical complexity to the talks.

During his stay, Carney met with Sultan Ahmed al-Jaber, the UAE’s Minister of Industry and Advanced Technology, and toured cultural landmarks, signaling a broader diplomatic engagement beyond trade. The investment pact and trade talks are expected to lay the groundwork for deeper economic integration between Canada and the UAE, potentially opening new opportunities for Canadian businesses in the Middle East.

In summary: Carney’s Abu Dhabi visit has produced a landmark investment pact and initiated trade negotiations, positioning Canada to expand its economic footprint in the Gulf region.

Labels:

Comments

Post a Comment