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5 Things to Know Today — July 10, 2026: Jobs Report, Oil Prices & TSX Rally

  Friday, July 10, 2026 Canada's June jobs numbers are out this morning, oil is easing back after a rough week around the Strait of Hormuz, and the TSX just posted a solid gain. Here's what's moving markets and your wallet today. 1. Statistics Canada's June jobs report lands this morning Statistics Canada released its Labour Force Survey for June today. Economists polled by Reuters had pencilled in a modest gain of about 10,000 jobs, enough to hold the unemployment rate steady at 6.6%. That forecast follows May's surprise pop of 88,000 jobs, which pulled unemployment down sharply from 6.9%. This report is the Bank of Canada's last major economic read before its rate decision next week, so today's numbers matter more than usual for anyone watching mortgage renewals or variable-rate debt. 2. Oil prices cool off after a volatile week near the Strait of Hormuz Crude gave back some of its recent gains. West Texas Intermediate settled at US$72.08 a barrel on Thurs...
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Israel Seeks to Avoid All-Out War Amid Lebanon Tensions

 

In the wake of a deadly rocket strike that killed 12 children and teenagers in the Israeli-occupied Golan Heights, Israeli officials have expressed their intent to avoid escalating the situation into a full-scale war with Lebanon. The strike, which occurred over the weekend, has heightened tensions between Israel and Hezbollah, the Iran-backed militant group based in Lebanon.

Israeli officials have stated that while they aim to deliver a significant response to Hezbollah, they are keen to prevent the conflict from spiraling into a broader regional war. The Israeli security cabinet has authorized Prime Minister Benjamin Netanyahu to determine the timing and manner of the response, with options ranging from targeted strikes on Hezbollah infrastructure to more symbolic attacks on key facilities.

The situation remains volatile, with both sides engaging in cross-border skirmishes. An Israeli drone strike in southern Lebanon on Monday resulted in two fatalities and three injuries, including an infant. Despite these incidents, there is a concerted effort from international leaders to de-escalate the conflict. U.S. Secretary of State Antony Blinken emphasized the importance of restraint and reiterated support for Israel’s right to defend itself while urging both parties to avoid further escalation.

As the region braces for potential retaliation, diplomatic efforts are intensifying to prevent a full-scale war that could have devastating consequences for the Middle East.



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