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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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Trump Signs Bill to End Record-Breaking U.S. Government Shutdown

President Trump signed a funding bill to end the longest shutdown in U.S. history shortly after the House of Representatives passed the spending package in a 222-209 vote.

After 35 days of partial closure, the longest government shutdown in U.S. history officially came to an end when President Donald Trump signed a bipartisan bill to reopen federal agencies. The measure restores funding through February 15, giving lawmakers time to negotiate broader border security issues that had been at the center of the standoff.

The shutdown, which began in late December, left hundreds of thousands of federal workers furloughed or working without pay, sparking widespread economic and social disruption. Airports faced staffing shortages, national parks struggled to maintain services, and families across the country felt the strain of missed paychecks.

By signing the bill, Trump acknowledged the toll the shutdown had taken, while emphasizing that negotiations over border security would continue. Congressional leaders hailed the agreement as a necessary step to restore stability, though debates over long-term funding priorities remain unresolved.


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