Sponsored by ESGold Corp

Carney Unveils $51B Infrastructure Plan

Prime Minister Mark Carney is positioning a $51 billion federal infrastructure plan as the government’s answer to Canada’s local capacity shortfalls, with the Build Communities Strong Fund set to deploy capital over the next decade across transportation, utilities, housing-related costs, and health-linked community assets.

Speaking in Brampton, Ontario, Carney detailed how the Liberals intend to distribute the fund, which was first introduced in the 2025 budget.

The package is designed around three major buckets, with the largest share aimed at traditional infrastructure and smaller but still material portions reserved for community projects and provincially matched housing and health investments.

You can read more on the matter here.

What’s going on?

• UK Tells Ye ‘No’ So Wireless Festival Had To Cancel (theDeepDive)

• PM Carney responds to Canadians facing nearly $2 per litre at the gas pumps (BNN)

• India’s Fast Breeder Reactor Achieves Criticality, Advancing Three-Stage Nuclear Plan (theDeepDive)

• Carney calls for leaders to respect international law as Trump escalates Iran threats (Globe)

• Greene and Owens Lead Former MAGA Charge Against Trump With 25th Amendment Calls (theDeepDive)

• Prices for oil cargoes hit record highs as Trump Iran deadline nears (FT)

• Gabbard and Lutnick’s Jobs in Jeopardy as Trump Weighs Further Firings (theDeepDive)

• The White House Is Keeping Kristi Noem’s $70 Million Jet (WSJ)

• Trump Concedes Canada Annexation Unlikely Due to 200-Year History and Royal Ties (theDeepDive)

What’s the latest?

• Airlines: Jet fuel prices have nearly doubled from $2.50 to $4.88 per gallon since Feb. 27 due to supply disruptions from the Strait of Hormuz, raising risks of shortages. Airlines are responding by cutting flight capacity and preparing contingency plans, with U.S. capacity growth already revised down (domestic: 2.1% vs 2.3%, total: 1.1% vs 2.4%). With oil expected to stay above $100/barrel, higher fuel costs are pressuring margins and pushing airlines to raise fares and fees.

• Real Estate: GTA home sales rose 1.7% YoY to 5,039 in March (first increase in 6 months), while average prices fell 6.7% to $1,017,796 and benchmark prices dropped 7.4% YoY. Listings declined (-16.7% new listings, -8% inventory), giving buyers strong negotiating power despite slightly improving activity. Overall demand remains weak amid economic uncertainty, with forecasts expecting 2026 sales -1.8% and prices -0.3% nationally.

• Markets: U.S. stocks fell (S&P 500 -0.8%, Dow -370, Nasdaq -1%) as uncertainty rose ahead of a U.S. deadline tied to Iran and the Strait of Hormuz. Oil prices remained elevated (WTI ~$112.95, Brent ~$109.27, vs ~$70 pre-war), driving inflation concerns and pushing gas prices to $4.14/gallon. Rising yields (10-year ~4.34%) and high fuel costs weighed on travel and consumer stocks.

• Business: Algoma Steel and Roshel formed a joint venture to produce ballistic steel in Canada, aiming to build a domestic defence supply chain. The initiative supports 500+ jobs and aligns with increased government defence spending and “Buy Canadian” policies. The venture will supply armoured vehicles and potentially expand into marine, aerospace, and export markets.

• Epstein Files: Bill Gates is set to be interviewed by the House Oversight Committee on June 10 regarding his past association with Jeffrey Epstein. The probe includes multiple figures, with testimonies scheduled from associates like Lesley Groff and Ted Waitt. Gates has previously stated he “did nothing illicit” while acknowledging past interactions with Epstein.

Aya Gold Q4 2025

The stock market and stuff

• Anthropic Revenue Run Rate Surpasses $30 Billion as Enterprise Demand Accelerates (theDeepDive)

• Air Canada and WestJet fuel surcharges are the tip of the iceberg for rising prices (Globe)

• Italian Court Orders Netflix to Refund Subscribers Over Unlawful Price Hikes (theDeepDive)

In the juniors

• Canadian Gold Drills 19.5 g/t Gold Over 1.0 Metre At Lac Arsenault (theDeepDive)

• Highlander Silver Focuses On Development At Corani With Feasibility Study Planned For Q3 Release (theDeepDive)

• Canadian Copper Secures Key Approval for Caribou Complex Acquisition (theDeepDive)

• Vizsla Silver Confirms Nine Workers Dead After January Abduction in Mexico (theDeepDive)

FULL DISCLOSURE: ESGold Corp. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of ESGold Corp. The author has been compensated to cover ESGold Corp. 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.