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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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Kremlin Rejects Dialogue With EU’s Kallas

 

EU High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission Kaja Kallas accompanied by Commander of EUFOR Major General Florin-Marian Barbu.

Russia has issued a blunt dismissal of any possibility of diplomatic engagement with the European Union’s foreign policy chief, Kaja Kallas. The Kremlin stated that it has no intention of holding discussions with her and will instead wait until her term ends before considering renewed contact with EU leadership.

Kremlin spokesperson Dmitry Peskov framed the stance as definitive, describing Kallas as an unacceptable counterpart for dialogue. His remarks reflect Moscow’s broader frustration with EU policy toward Russia, particularly regarding sanctions and support for Ukraine.

The refusal marks another setback in already strained relations between Moscow and Brussels. With the Kremlin signaling it will simply “wait out” Kallas’s tenure, prospects for meaningful diplomatic progress between Russia and the EU remain distant.


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