Sponsored by Cytophage Technologies

Quantitative peopling.

Recent data reveals that Canada and Australia are experiencing record population growth, primarily driven by net overseas migration. However, this rapid expansion is concealing significant economic challenges, including declining living standards and per capita economic indicators.

In Canada, the population has surged by nearly 1.3 million people over the past year, marking the largest increase in the country’s history. While this growth has helped Canada avoid a technical recession, it has come at a cost. The country’s GDP per capita has fallen dramatically, now hovering at levels similar to a decade ago.

You can read more on the matter here.

What’s going on?

• Kenney Blasts Trudeau’s Expansion of Temporary Foreign Worker Program (theDeepDive)

• US Pending Home Sales Gauge Drops to Lowest on Record (Bloomberg)

• Bangladesh Regulatory Body Embarks To Take Down Market Manipulation (theDeepDive)

• Wary of Trump, US minerals projects rush to close government loans (Reuters)

• Crypto Mining Firm Rhodium Enters Bankruptcy, Revealing $100M in Liabilities (theDeepDive)

• US Signs Pact to Build Small Modular Nuclear Plant in Ghana (Bloomberg)

• Nvidia’s Revenue Soars 122% in Q2 2025 Amid AI Boom (theDeepDive)

• Whooping cough cases spike in Quebec, where public-health experts are calling it an ‘epidemic’ (Globe)

• CIBC Profits Soar 25% in Q3 2024 as Credit Losses Drop (theDeepDive)

• Bill Ackman seeks to revive IPO with sweeteners for investors (FT)

What’s the latest?

• Yelp v Google: Yelp Inc. has filed a lawsuit against Google, alleging that the search giant has illegally monopolized the local search and advertising markets, a move that follows the recent U.S. government antitrust ruling against Google. Yelp's lawsuit claims that Google has abused its dominant position in the all-purpose search engine market to self-preference its own content in local searches, thereby stifling competition.

• Poilievre Pleads: Conservative Leader Pierre Poilievre has urged NDP Leader Jagmeet Singh to withdraw his party's support for the Liberals, aiming to trigger a federal election this fall. Poilievre criticized Singh for continuing to back Prime Minister Justin Trudeau, despite rising costs, crime, and housing issues under the current administration. He accused Singh of betraying the labour movement, especially in light of the government's handling of the recent railway workers' dispute.

• Nvidia Bummer: Nvidia Corp. delivered earnings that met or slightly exceeded analyst expectations but failed to ignite the level of enthusiasm seen in previous quarters. The company forecasted $32.5 billion in third-quarter revenue, slightly above analysts' predictions but below the highest estimates. Additionally, Nvidia acknowledged production challenges with its next-generation Blackwell chips, which tempered investor expectations.

• Shell Cuts: Shell Plc is planning to reduce its workforce by around 20% in key divisions related to oil and gas exploration and development. This move is part of CEO Wael Sawan's strategy to enhance efficiency and profitability across the company. The cuts will impact Shell's exploration, strategy and portfolio segment, as well as its development, subsurface, and wells business.

• German Oil: Qatar is set to potentially acquire the German operations of Russia's Rosneft PJSC, standing as the last remaining bidder. This move follows a series of discussions including a recent Qatari delegation's visit to Berlin, aimed at finalizing the purchase. Germany has signaled its approval, pending a formal agreement between Rosneft and Qatar.

Lumina Gold's flagship project

The stock market and stuff

• CrowdStrike Beats Expectations But Lowers Outlook After July Outage Disruptions (theDeepDive)

• Nvidia takes $100bn hit on outlook fears (FT)

• National Bank’s Shares Soar on Robust Q3 2024 Earnings (theDeepDive)

• Two Republicans want Pentagon to add Chinese battery maker CATL to restricted list (Reuters)

• Number of crypto millionaires surges in 2024 (FOX)

In the juniors

• Revive Therapeutics Considers Exploring Bucillamine For Treatment Of Monkeypox (theDeepDive)

• SNDL Expected To Close On Assets Of Indiva Following Stalking Horse Bid (theDeepDive)

• Electra Secures Game-Changing Department of Defense Contract (theDeepDive)

• Snowline Gold Hits 435 Metres Of 1.61 g/t Gold (theDeepDive)

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