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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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Khamenei Rejects U.S. Cooperation Over Washington’s Support for Israel

Iran's Supreme Leader Ayatollah Ali Khamenei speaks during a meeting with students in Tehran, Iran, November 3, 2025.

Iran’s Supreme Leader, Ayatollah Ali Khamenei, has declared that any prospect of cooperation between Tehran and Washington is impossible as long as the United States continues to support Israel and maintain its military presence in the Middle East. His remarks, delivered during a gathering in Tehran, underscore the enduring hostility between the two nations despite intermittent diplomatic overtures.

Khamenei stated that while American officials occasionally express interest in working with Iran, such cooperation cannot occur under current U.S. policies. He specifically cited Washington’s backing of what he called the “accursed Zionist regime,” its network of regional military bases, and its interference in Middle Eastern affairs as the main obstacles.

The comments come at a time when the U.S. administration has signaled openness to dialogue, with President Donald Trump previously suggesting that “the hand of friendship and cooperation” was extended to Iran. However, Khamenei dismissed such gestures as incompatible with America’s actions in the region.

This latest statement highlights the deep geopolitical rift that continues to define U.S.-Iran relations. While the two countries have engaged in limited nuclear negotiations in recent years, progress has been repeatedly derailed by regional conflicts, sanctions, and mutual distrust.

Analysts note that Khamenei’s remarks serve both as a reaffirmation of Iran’s hardline stance and as a message to domestic audiences on the anniversary of the 1979 U.S. Embassy takeover in Tehran—a symbolic reminder of the revolution’s anti-American roots.

With tensions still high following clashes involving Israel and Iran earlier this year, the Supreme Leader’s words suggest that any breakthrough in U.S.-Iran relations remains unlikely unless Washington fundamentally shifts its Middle East strategy.


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