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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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A New Era in Global Trade: India and EU Seal Historic Pact

 

European Council President Antonio Costa, European Commission President Ursula von der Leyen and Indian Prime Minister Narendra Modi pose at Hyderabad House in New Delhi.


India and the European Union have concluded a landmark free trade agreement that is being hailed as one of the most significant economic deals either side has ever signed. After nearly twenty years of negotiations, the pact establishes a vast free‑trade corridor connecting two of the world’s largest democratic economies.

The agreement dramatically reduces tariffs, with India set to lower duties on the majority of European exports and the EU opening its market to almost all Indian goods over a phased period. The move is expected to stimulate major growth in bilateral trade, strengthen supply chains, and create new opportunities for industries ranging from textiles and agriculture to automobiles and high‑tech manufacturing.

For India, the deal offers expanded access to one of the world’s wealthiest consumer markets, boosting sectors that rely heavily on exports. European companies, meanwhile, gain a more predictable and open pathway into one of the fastest‑growing major economies.

Beyond economics, the pact signals a strategic deepening of ties at a time when global trade patterns are shifting. Both sides have emphasized that the agreement reflects a shared commitment to stability, openness, and long‑term partnership.

The deal now moves toward formal ratification, marking the beginning of what leaders describe as a transformative chapter in India‑EU relations.


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