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Majority of Canadians Want EU Membership

A majority of Canadians now support Canada becoming a full member of the EU, but the stronger consensus is for deeper trade and economic ties rather than an immediate constitutional leap across the Atlantic.

A recent Globe and Mail/Nanos survey found 56.8% of Canadians support or somewhat support Canada becoming a full EU member, including 28.2% who support the idea and 28.6% who somewhat support it. Another 31.2% oppose or somewhat oppose membership, while 11.9% are unsure.

You can read more on the matter here.

What’s going on?

• NATO Failed US On ‘Small Operation’ In Iran, Trump Says (theDeepDive)

• The tough job market isn't getting any better for young Canadians (CBC)

• Trump Vows to Fire Fed Chair Powell Over Refusal to Resign Amid Renovation Probe (theDeepDive)

• Canada needs to invest $1.8 trillion over the next decade in six key sectors, says RBC (FP)

• “I Am Permanently Opening The Strait Of Hormuz,” Trump Claims (theDeepDive)

• Pakistan army chief arrives in Iran for new mediation push (FT)

• DOGE Cuts In IRS, Meant To Increase Savings, Would Actually Boost Budget Deficit (theDeepDive)

• Europe Is Accelerating a NATO Fallback Plan in Case Trump Pulls Out (WSJ)

• Jesus Punches Trump In Iranian Embassy’s Response To Religious AI Post (theDeepDive)

What’s the latest?

• Real Estate: B.C. home sales fell 3.6% YoY to 5,766 units, with average prices down 2% to ~$940K and total dollar volume dropping 5.6% to $4.21B. Activity remains weak at 34.5% below the 10-year average, reflecting high rates and a sluggish economy. Q1 volume hit $12.7B (-13% YoY), with both sales and prices trending lower.

• Manufacturing Sales: Canada’s manufacturing sales rose 3.6% to $71.2B in February, led by transportation equipment +18.8%, while machinery gained 7.7% and primary metals hit a record $6.5B (+4.9%). Wholesale sales also increased 2.0% to $86.8B, with motor vehicles and parts up 6.1% and food, beverage, and tobacco up 2.9%. In volume terms, manufacturing rose 3.4% and wholesale rose 1.1%.

• Crypto: AI-driven cyber risks are rising in crypto, with tools like Anthropic’s Mythos potentially accelerating attacks on exchanges, which are seen as the most vulnerable due to large user data and funds. While Bitcoin remains secure (never hacked since 2009), platforms like Coinbase face growing risks from AI-enabled scams and exploits. At the same time, exchanges are investing in AI defenses, suggesting both threat and security capabilities are scaling simultaneously.

• Energy: Canada’s switch to summer fuel is adding ~10¢/L to gasoline prices, largely offsetting the federal excise tax suspension (saving ~10¢/L gas, 4¢/L diesel from Apr 20–Sept 7). Prices are expected to rise another ~5¢/L short-term, with national levels likely staying above $1.75/L through summer due to Iran war disruptions. Even with a resolution, normalization may take until July–August.

• Politics: Rachel Reeves warned the Iran war is creating major global economic risks, especially with the Strait of Hormuz disruption, and called for immediate de-escalation. The IMF estimates the U.K. will be the hardest-hit major economy, as a net energy importer, due to supply shocks and infrastructure damage. Reeves said even if the war ends soon, long-term impacts on oil and gas facilities will persist, affecting growth and inflation.

How to Still Finds 10-Bagger Au & Ag Stocks

The stock market and stuff

• Seabridge Outlines 9.5 Million Ounces Of Gold In Maiden Snip North Resource Estimate (theDeepDive)

• Fed Nominee Kevin Warsh Has A Huge Crypto Portfolio with Stakes in Solana, dYdX, Polymarket, and More (theDeepDive)

• Largest US banks spend record $33bn on share buybacks (FT)

• Disney Cuts 1,000 Jobs in New CEO’s First Major Move (theDeepDive)

In the juniors

• Allbirds Stock Kicks Over 350% After Dumping Shoes To Be An AI Compute Firm (theDeepDive)

• Selkirk Copper Completes 52,000 Metre Phase 1 Drill Program At Minto, Assays Pending (theDeepDive)

• Discovery at Luis Hill Prompts Acceleration of Phase 2 Program for Questcorp (theDeepDive)

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