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

Ceasefire Shattered: Gaza Suffers Deadliest Strikes

A man uses a mobile phone as Palestinians inspect the site of Wednesday's Israeli strike in Gaza City, on Nov 20, 2025.

In one of the most violent escalations since the U.S.-brokered ceasefire took effect on October 10, Israeli airstrikes across Gaza have killed at least 33 people within a 12-hour period. The strikes targeted areas in Khan Younis and Gaza City, hitting tents sheltering displaced families and residential buildings. Among the victims were women and children, underscoring the devastating human toll of the renewed conflict.

The Israeli military stated that the attacks were in response to gunfire directed at its soldiers in Khan Younis. While no Israeli soldiers were reported killed, the retaliation has sparked widespread condemnation. Hospitals in Gaza reported receiving dozens of bodies, including entire families, as emergency workers struggled to cope with the influx of casualties.

The violence has raised fears that the fragile truce, already strained by repeated accusations of violations from both sides, may collapse entirely. Qatar, a key mediator in the ceasefire, warned that the renewed strikes threaten to unravel weeks of delicate negotiations aimed at preventing further bloodshed.

The strikes also coincided with Israeli operations in Lebanon, where attacks targeted Hezbollah positions, highlighting the broader regional volatility. Analysts warn that the simultaneous escalation in Gaza and Lebanon could ignite a wider conflict if diplomatic efforts fail.

For civilians in Gaza, the latest bombardments have deepened the humanitarian crisis. Displaced families who sought refuge in makeshift shelters were among the hardest hit, with survivors describing scenes of chaos and destruction. Aid organizations have called for immediate restraint, stressing that the continuation of such attacks will only worsen the already dire conditions in the territory.

As the death toll rises, the international community faces mounting pressure to intervene and salvage the ceasefire. Whether the truce can withstand this latest surge of violence remains uncertain, but for Gaza’s residents, the promise of peace feels more fragile than ever.


Labels:

Comments

Post a Comment