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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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Putin Rejects Western ‘War Hysteria’ as False Narrative

        Residents walk in front of an apartment building hit by a Russian air strike in Zaporizhzhia, Ukraine

Russian President Vladimir Putin has dismissed Western claims that nations should prepare for a major war with Russia, calling such warnings “hysteria” and “a lie.” Speaking at a meeting of Russia’s Defense Ministry, Putin argued that the West is exaggerating the threat of conflict while Moscow remains focused on its ongoing military campaign in Ukraine.

Putin insisted that Russia does not seek war with the United States or European states, instead portraying his government as open to “mutual cooperation.” At the same time, he issued a stern warning: if Ukraine and its allies abandon peace talks, Russia will pursue its territorial claims through military means. This statement underscores Moscow’s determination to achieve the objectives of what it continues to call its “special military operation” in Ukraine.

The Russian leader also accused NATO of fueling tensions by supporting Ukraine militarily, while emphasizing that Russian forces are strengthening their capabilities in response. His remarks come amid heightened rhetoric from Western officials, including NATO leaders, who have urged member states to prepare for potential large-scale conflict. Putin dismissed these calls as attempts to stoke fear and justify further military buildup in Europe.

Despite his rejection of Western warnings, Putin’s speech carried a dual message: on one hand, denying that Russia seeks war with the West, and on the other, reaffirming his readiness to use force to secure territory if diplomacy fails. This balancing act reflects the Kremlin’s broader strategy of projecting strength while framing itself as a victim of Western provocation.

In the backdrop of these statements, the European Union continues to debate measures such as seizing Russian assets to support Ukraine, adding further pressure to already strained relations between Moscow and the West.

In summary, Putin’s remarks highlight Russia’s attempt to counter Western narratives of looming war, while simultaneously reinforcing its uncompromising stance on Ukraine.

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