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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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Bondi Beach Attack Linked to ISIS Influence After Philippines Trip

 

A grandparent of 10-year-old Matilda, who was killed during a mass shooting targeting a Hanukkah celebration on Sunday, grieves at the floral memorial to honour the victims of the mass shooting at Bondi Beach, in Sydney, Australia, December 16, 2025.


Australian authorities have revealed that the two gunmen responsible for the deadly mass shooting at Sydney’s Bondi Beach were inspired by Islamic State ideology and had recently travelled to the Philippines. The attack, which targeted a Hanukkah celebration on Sunday, left 15 people dead and several others injured, marking Australia’s worst mass shooting in nearly three decades.

Police identified the attackers as Sajid Akram, 50, and his son Naveed Akram, 24. Sajid was killed at the scene by police, while Naveed remains in critical condition after being shot. Investigators disclosed that the pair spent nearly all of November in the Philippines, where intelligence sources suspect they may have undergone military-style training, though this has not been officially confirmed.

Prime Minister Anthony Albanese stated that evidence—including ISIS flags found in a vehicle linked to the suspects—points to the attack being motivated by extremist ideology. The incident is being treated as an anti-Semitic terrorist attack, with the Jewish community specifically targeted during the Hanukkah event.

The tragedy has reignited debate over Australia’s gun laws, as Sajid Akram reportedly held a firearms licence since 2015 and owned multiple registered weapons. Victims included a rabbi, a Holocaust survivor, and a 10-year-old girl, underscoring the devastating impact on the community.

Authorities in both Australia and the Philippines are now working together to trace the suspects’ movements and connections, aiming to uncover whether they had direct links to Islamic State networks operating in Southeast Asia.

In summary: The Bondi Beach shooting was not only Australia’s deadliest in decades but also highlights the ongoing global reach of ISIS ideology, raising urgent questions about radicalisation, international security cooperation, and domestic gun control.

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