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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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Canada Shifts Rhetoric on Foreign Policy, Carney Drops ‘Feminist’ Label

                                           Prime Minister Mark Carney

At the G20 Summit in Johannesburg, Prime Minister Mark Carney announced that Canada will no longer describe its approach as a “feminist foreign policy.” While distancing himself from the terminology popularized under Justin Trudeau’s government, Carney emphasized that Canada remains committed to upholding values such as LGBTQ+ rights and combatting violence against women.

Carney’s remarks mark a significant rhetorical shift. Trudeau’s administration had repeatedly branded itself as a feminist government, publishing a feminist foreign-aid policy and declaring Canada’s foreign policy feminist in nature. Carney, however, suggested that while gender equality remains a priority, he does not see the need to frame Canada’s entire foreign policy under that banner. “Yes we have that aspect to our foreign policy. But I wouldn’t describe our foreign policy as feminist foreign policy,” he said during a press conference.

This change reflects a broader recalibration of Canada’s international posture. Carney’s government has already signaled a stronger focus on trade diversification and multilateral cooperation, while scaling back foreign aid commitments. Analysts note that the omission of feminist branding may be intended to avoid ideological labels and present Canada’s diplomacy as more pragmatic in a turbulent global environment.

Still, the decision raises questions about Canada’s global leadership on gender equality. Advocacy groups have warned that abandoning feminist language could weaken Canada’s credibility in promoting women’s rights internationally. Others argue that substance matters more than labels, and that Canada’s continued support for equality initiatives will determine its impact.

In essence, Carney’s announcement underscores a shift from symbolic branding to practical engagement. Canada may no longer call its foreign policy feminist, but the government insists that values of equality, inclusion, and human rights remain central to its international agenda.


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