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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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EU’s Kallas Says Russia’s Claims of Ukrainian Strikes Are a ‘Distraction’

 


European Union foreign policy chief Kaja Kallas has rejected Russia’s recent allegations that Ukraine carried out attacks on Russian territory, calling the claims a “distraction” designed to shift attention away from Moscow’s actions in the war.

Kallas argued that Russia is using unverified accusations to undermine diplomatic efforts and to create confusion among international audiences. She emphasized that such narratives fit a long‑standing pattern in which Moscow attempts to redirect blame while continuing its military campaign against Ukraine.

Russian officials recently claimed that Ukrainian drones targeted sites inside Russia, but provided little evidence to support the assertions. Ukrainian authorities have dismissed the allegations as fabrications intended for domestic propaganda.

Kallas urged European partners to remain focused on supporting Ukraine and not allow what she described as misleading narratives to derail ongoing diplomatic and humanitarian efforts.


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