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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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Russia Injects $9 Billion Into Turkey’s Akkuyu Nuclear Project

Russian President Vladimir Putin and Turkish President Tayyip Erdogan attend a meeting in Ashgabat, Turkmenistan.

Turkey has announced that Russia has provided $9 billion in new financing for the Akkuyu nuclear power plant, the country’s first nuclear facility and one of its largest-ever energy investments. The funds were delivered through Rosatom, Russia’s state nuclear corporation, which is constructing the plant under a long‑standing bilateral agreement.

Turkish Energy Minister Alparslan Bayraktar said the new financing will support project expenditures through 2026–2027, with several billion dollars expected to be deployed next year as construction accelerates. The plant, located in the Mediterranean province of Mersin, is now targeting 2026 for the launch of its first reactor.

The Akkuyu project is central to Turkey’s strategy to diversify its energy mix and reduce reliance on imported fuels. Ankara is also in discussions with South Korea, China, Russia, and the United States regarding additional nuclear projects planned for Sinop and the Thrace region, signaling a broader push to expand the country’s nuclear footprint.


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