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Liberals Push Youth Vote at 16

Reports have surfaced that Liberal MP Nathaniel Erskine-Smith’s new e-petition (E-6629) urges Ottawa to extend the federal franchise to 16- and 17-year-olds, arguing that teenagers already shoulder real responsibilities and deserve an equal voice at the ballot box.

“Extending the voting age to 16 would empower a new generation to participate in democracy while still in school, where habits of civic engagement are more easily built,” Erskine-Smith says, repeating language he used when he backed an identical private bill in 2022.

You can read more on the matter here.

What’s going on?

• Canada’s Auditor-General Plans Audit of International Student Program (theDeepDive)

• Ontario Premier Says Electricity Export Tax Is Possible If Trade Talks Fail (Bloomberg)

• Canada’s Auto Production Hits 3-Decade Low Amid Trump Tariff War (theDeepDive)

• These three housing markets are bucking national trends, and Trump is one reason why (Globe)

• Musk Allies to Raise Up to $12 Billion for xAI Chips as Startup Burns Through Cash (WSJ)

• Still No India-US Deal As Trump Tariffs Loom (theDeepDive)

• Mike Johnson shuts US House early to avoid Epstein vote (FT)

• Chinese Titanium Export Ban Would Hit US Defense, Tech Industries Hard (theDeepDive)

• Trump says US, Philippines 'very close' to finalizing trade deal (Reuters)

• Trump’s WSJ Lawsuit Has Some “Problems” (theDeepDive)

• U.S. says it’s leaving UNESCO again, only two years after rejoining (Globe)

What’s the latest?

• Enbridge: Enbridge will invest US$900 million in a 600-megawatt solar project in Texas to power Meta’s data centers. Construction is underway, with operations set to begin in summer 2027. Meta has signed a long-term deal to buy 100% of the renewable energy output. The project reflects rising demand for clean power from major tech firms.

• Stellantis: Stellantis reported a US$3.7B loss in H1 2025, with Trump’s auto tariffs alone costing the company $480M. The Brampton plant’s retooling remains paused, leaving 3,000 workers in limbo likely until 2026 or later. Stellantis warns full-year tariff losses could hit $2.4B, possibly leading to higher vehicle prices. Ongoing uncertainty over U.S. policy is delaying decisions about the plant's future.

• AutoCanada: AutoCanada is exiting the U.S. market, selling 17 American dealerships for $82.7M amid Trump's auto tariffs. The Alberta-based company plans to refocus on its 64 Canadian dealerships and pay down debt. AutoCanada reported a Q1 loss of $3.2M from continuing operations and $12.9M from discontinued U.S. operations. The company entered the U.S. in 2018 but struggled to scale due to infrastructure and market challenges.

• GM: General Motors took a US$1.1B hit from tariffs in Q2 but still beat expectations with $2.53 adjusted EPS, above the $2.44 forecast. Revenue dropped 2% to $47B, and adjusted EBIT fell 32% to $3B. GM maintained its annual profit outlook of $10B–$12.5B despite tariff headwinds estimated at $4B–$5B. U.S. sales rose 7%, while GM returned to profit in China and plans $4B in U.S. investments to support combustion engine production amid slowing EV demand.

• Coca-Cola: Coca-Cola beat earnings expectations with Q2 EPS of $0.87 vs. $0.83 estimate, driven by a 6% price hike despite a 1% drop in volume. Revenue rose 2.5% to $12.62B, exceeding the $12.54B forecast. U.S. and Mexico volumes fell amid consumer boycotts, but Coca-Cola Zero Sugar volumes surged 14%. The company plans to launch a cane sugar Coke in the U.S., which may increase costs due to supply chain changes.

Get to know First Majestic Silver's Keith Neumeyer

The stock market and stuff

• Tesla Faces California License Suspension Over Autopilot Problems (theDeepDive)

• Telegram’s crypto wallet goes live to its 87 million U.S. users (CNBC)

• Equinox Gold: Smith Out As CEO, Replaced By Darren Hall (theDeepDive)

• PNC to offer crypto trading as it expands beyond regional roots (FT)

• NGEx Minerals To Establish Royalties At Lunahuasi, Los Helados, Spin Out To Shareholders (theDeepDive)

In the juniors

• New Found Gold Outlines $743 Million Net Present Value For Queensway Under PEA (theDeepDive)

• Canaccord Genuity Reportedly Suspends Cannabis Coverage (theDeepDive)

• Antimony Resources: The Bald Hill Project (theDeepDive)

FULL DISCLOSURE: Silver47 Exploration is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is long the equity of Silver47 Exploration. The author has been compensated to cover Silver47 Exploration 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.