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Canada Eyes H-1B Talent Shift

Canadian Prime Minister Mark Carney said Saturday his government will soon introduce measures to attract skilled foreign workers displaced by the United States’ new H-1B visa restrictions.

Speaking to reporters in London, Carney said his government is examining ways to make Canada more attractive to skilled tech workers who might otherwise have sought opportunities in the United States.

“What is clear is that the opportunity to attract people who previously would’ve got so-called H-1B visas,” Carney said, adding that many workers are in the tech sector and willing to relocate. “We will have an offering on this soon.”

You can read more on the matter here.

What’s going on?

• US Wants More Equity In Mining Firms As MP Materials Sets Model (theDeepDive)

• Pentagon Pushes to Double Missile Production for Potential China Conflict (WSJ)

• Carney Further Rolls Back Countertariffs To Revive US Talks (theDeepDive)

• How Canada's short-term thinking sparked a national housing crisis (NP)

• PBO Projects Deficit To Jump 32%, Debt-To-GDP Up 4.5% (theDeepDive)

• Pending US Home Sales Jump to Highest Level in Five Months (Bloomberg)

• Why This Gold Run Could Be Bigger | Roger Rosmus – Goliath Resources (theDeepDive)

• Indonesian anti-monopoly agency fines TikTok for late reporting of Tokopedia deal (Reuters)

• Majors Don’t Want to Be Left Out of This Gold Run | Mike Bennett – Altamira Gold Corp (theDeepDive)

• Trump Faces Democrats as Shutdown Deadline Nears (WSJ)

• Gold Isn’t Slowing Down Anytime Soon!? | Terry Lynch – Power Metallic (theDeepDive)

What’s the latest?

• AI: Chinese AI developer DeepSeek released its experimental model V3.2-Exp, claiming improved training efficiency and long-text processing. The model introduces DeepSeek Sparse Attention, designed to cut computing costs and enhance performance. DeepSeek also announced API price cuts of 50%+, signaling pressure on rivals like Alibaba’s Qwen and OpenAI. The model is positioned as a step toward the company’s next-generation architecture.

• Markets: U.S. stocks opened higher Monday, with the S&P 500 up 0.4%, the Dow up 29 points (0.1%), and the Nasdaq up 0.6%, all near record highs. Investors await Friday’s jobs report, which could influence the Fed’s path after its first rate cut of the year. A potential government shutdown midweek could delay key economic data, adding volatility. Abroad, London’s FTSE 100 rose 0.3%, Hong Kong’s Hang Seng jumped 1.9%, and Tokyo’s Nikkei fell 0.7%; oil fell 2% while gold hit US$3,850/oz.

• Tariffs: President Trump announced a plan to impose a 100% tariff on all foreign-made movies, an unprecedented move that could disrupt Hollywood’s global revenue streams. He claimed U.S. filmmaking is being “stolen” by other countries, but legal authority for the tariffs remains unclear. Netflix shares fell 1.5% in early trading after the news. Analysts and studio executives question enforcement, given modern films’ international financing, production, and distribution.

• WestJet : WestJet reported a cybersecurity breach detected June 13, exposing passenger data such as names, contacts, travel info, and reservation documents. The airline confirmed no payment card details were compromised. WestJet attributed the incident to a “sophisticated, criminal third party” and has worked with the FBI and Canadian cyber authorities. The breach highlights rising cyber risks in aviation, following recent ransomware attacks on Collins Aerospace.

• Federal Loan: Algoma Steel will receive $500M in loans—$400M from Ottawa and $100M from Ontario—to offset the impact of U.S. 50% steel tariffs. The aid comes from Canada’s $10B tariff loan program launched in March. Algoma plans a $987M transition to electric arc furnaces, aiming for efficiency and domestic supply resilience. The company employs 2,500 workers, with Ottawa emphasizing long-term steel industry stability.

Japan Gold’s New Chapter

The stock market and stuff

• Tom Palmer Announces Retirement As CEO Of Newmont, Natascha Viljoen Named As Successor (theDeepDive)

• Video games maker Electronic Arts strikes $55bn deal to go private (FT)

• Bristow Out As CEO Of Barrick Mining, Mark Hill Named Interim CEO (theDeepDive)

In the juniors

• Japan Gold Concludes Barrick Alliance After $23 Million In Spend, Discussions Ongoing With Potential New Partners (theDeepDive)

• Algoma Steel secures $500-million in government loans to help fight trade war (Globe)

• Sterling Metals Hits 3.25% Copper Equivalent Over 68.28 Metres At New High Grade Discovery (theDeepDive)

FULL DISCLOSURE: Northern Superior is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Northern Superior. The author has been compensated to cover Northern Superior on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.