Sponsored by Giant Mining Corp.

Ireland Fast-Tracks Canada Deal

Ireland’s government will introduce legislation this week to speed ratification of a comprehensive trade deal with Canada, officials said Tuesday, as the country seeks to reduce reliance on US trade amid President Donald Trump’s tariff threats.

Trade Minister Simon Harris plans to present a Cabinet memo requesting authorization to draft the Arbitration (Amendment) Bill 2025, which would clear the way for Ireland to fully ratify the Comprehensive Economic Trade Agreement between the European Union and Canada, according to government sources.

The move comes as Ireland scrambles to diversify its trade relationships while Trump considers imposing tariffs on European goods. Ireland-Canada commerce has more than tripled since 2016, growing from 3.2 billion euros ($3.4 billion) to over 10 billion euros last year.

You can read more on the matter here.

What’s going on?

• Ireland Pushes Canada Trade Deal as Trump Tariffs Loom (theDeepDive)

• Telus to invest more than $70-billion in Canada over next five years to expand network infrastructure (Globe)

• Manitoba Premier Seeks Federal Push for Hudson Bay Port (theDeepDive)

• Wildfires Erupt Near Alberta Oil Well Sites Amid Hot Weather (Bloomberg)

• Kazatomprom Ex-CCO Jailed For 4.5 Years Over ₸20.1 Billion Uranium Shortfall (theDeepDive)

• Greenland says it will turn to China if US and EU shun its mining sector (FT)

• Trump Pats Himself With EU Tariffs Delay (theDeepDive)

• Germany threatens steps against Israel as tone shifts over Gaza (Reuters)

• Deregulation, 20-Ton HALEU Release Among Trump’s Orders To Supercharge Nuclear (theDeepDive)

• Universities Map Out New Investment Strategies to Deal With Tax Hike on Endowments (WSJ)

• Trump Threatens 25% Tariffs on Apple, Samsung Smartphones (theDeepDive)

• U.S. government to have control in Nippon Steel-U.S. Steel deal, Trump and state senator say (Globe)

What’s the latest?

• Walmart: Walmart will pay $14,000 in penalties and $2,000 in fees after a New York investigation found that its online store shipped 46 illegal, realistic-looking toy guns to New York between 2020 and 2023. The sales violated a state law banning imitation firearms in dark colors that resemble real weapons. Walmart agreed to block third-party sellerswho repeatedly violate the ban and implement stricter controls to prevent future sales. The settlement follows a 2015 consent order after the fatal police shooting of Tamir Rice, which prompted stricter toy gun regulations.

• Hudson’s Bay: Hudson’s Bay will terminate 8,347 employees—89% of its workforce—by June 1, as it shuts down retail operations following a liquidation sale. An additional 899 workers will be let go by June 15, leaving only 118 staff for final wind-up. Most terminated employees will not receive severance, though accrued vacation will be paid. The company seeks a WEPPA declaration so workers can access limited federal wage protections. Unifor is demanding full severance and reform of insolvency laws, as the WEPPA cap is far below negotiated entitlements. Hudson’s Bay recently sold its brand rights to Canadian Tire for $30 million.

• Scotiabank: Scotiabank's Q2 net income fell slightly to $2.03 billion from $2.09 billion last year as it raised provisions for bad loans by $391 million to $1.4 billion, reflecting cautious borrowers and a weakening economic outlook. Adjusted EPS came in at $1.52, missing analyst expectations of $1.56. Despite the dip, the bank raised its dividend to $1.10 and launched a share buyback program, backed by a strong 13.2% capital ratio. Revenue rose to $9.08 billion, with gains in international banking, wealth management, and global markets, while Canadian banking profits fell due to higher expenses and provisions.

• Economy: Canada’s debt issuance is projected to hit C$628 billion in 2025–26, exceeding the pandemic-era peak of C$593 billion. This surge, driven by maturing debt and expected increased spending, could raise bond yields and borrowing costs, especially with investors demanding higher returns. The 10-year bond yield has risen over 50 basis points to 3.31%, now 63 points above the 2-year, nearing a 2021 record. Analysts warn that delayed budget transparency from PM Mark Carney’s government adds to fiscal uncertainty, stressing the need for clearer debt plans by September to avoid market volatility.

• Tesla: Tesla's European sales dropped 49% in April to 7,261 units, while the overall electric vehicle (EV) market in Europe grew 28%, highlighting Tesla's declining market share. For the first four months of 2025, Tesla sales in Europe fell 39% to 61,320 units, despite stable overall auto market performance. The decline is attributed to factory shutdowns, growing competition from cheaper Chinese EVs like SAIC (+54%), and a backlash against CEO Elon Musk's political views. U.S.–EU trade tensions, including tariff threats, have further hurt American car brands in Europe.

Wesdome GOLD Q1 Earnings

The stock market and stuff

• Scotiabank Q2 2025 Profit Dips as Credit Provisions Surge 39% (theDeepDive)

• Franco-Nevada Spends $1.05 Billion Acquiring Royalty On IAMGOLD’s Cote Gold Mine (theDeepDive)

• US stocks jump as Donald Trump touts ‘positive’ progress on EU trade talks (FT)

• BYD Announces Massive Discounts In Bid To Squeeze Tesla From Key Markets (theDeepDive)

• NexGen Energy Hits 15.0 Metres Of 15.9% U3O8, Including 0.5 Metres Of 68.8% U3O8 At Patterson Corridor East (theDeepDive)

In the juniors

• PTX Metals Hits 235.1 Metres Of Copper, Nickel Mineralization In Longest Intercept To Date At W2 (theDeepDive)

• Dryden Gold Confirms the Elora Gold System at One Kilometer Strike Length and Reports Visible Gold on Two New Exploration Targets (JMN)

• US Approves First Uranium Mine Under Fast-Track Review (theDeepDive)

FULL DISCLOSURE: Giant Mining Corp. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Giant Mining Corp.. The author has been compensated to cover Giant Mining Corp. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.