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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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Storm Surge: Southern Ontario Braces for Heavy Snow After Deep Freeze

 

        Libraries across the City of Toronto closed on Sunday due to deteriorating weather conditions. 


Southern Ontario is gearing up for another blast of winter weather as a significant snowfall event moves into the region. The storm arrives just after an intense cold snap swept across Canada, forcing airlines to cancel numerous flights and leaving travellers scrambling to rebook.

Meteorologists expect the system to bring heavy snow, strong winds, and reduced visibility, creating challenging travel conditions throughout the region. Some areas could see 10–30 centimetres of accumulation, with the potential for even higher totals in localized bands.

The recent extreme cold, which pushed wind chills to dangerous levels, had already strained transportation networks. Major airports struggled to maintain operations as equipment froze and safety concerns mounted, resulting in widespread delays and cancellations.

With the new storm approaching, officials are urging residents to prepare for difficult road conditions and possible disruptions. The combination of fresh snowfall, gusty winds, and lingering cold means southern Ontario is in for a demanding stretch of winter weather.



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