Sponsored by Granada Gold

Trump Accounts May Accept Stocks

The Trump administration is considering a groundbreaking shift in its child savings program, potentially allowing billionaires like Elon Musk or Jensen Huang to donate shares of companies such as Tesla or Nvidia to Trump Accounts with significant tax incentives. This move, which departs from the program’s current cash-only structure, could reshape the initiative designed for roughly 5 million enrolled children.

Under the proposed change, wealthy individuals would gain the ability to contribute company stock directly into these accounts, originally launched as IRAs for kids with a federal pledge of $1,000 for each child born between 2025 and 2028. The tax benefits tied to such donations could create a powerful incentive for high-net-worth donors, fundamentally altering a program that currently restricts investments to low-cost index funds with at least 90% exposure to U.S. firms and expense ratios below 0.1%.

You can read more on the matter here.

What’s going on?

• Is Mamdani’s Tax The Rich Push Already Backfiring? (theDeepDive)

• Trump says United States will get uranium from Iran (Reuters)

• What Would The New International Order Look Like, According To Carney (theDeepDive)

• OpenAI violated Canadian privacy laws in developing first ChatGPT model, probe finds (Globe)

• Alberta Seeks Longer Carbon Timeline In Ottawa Pipeline Talks (theDeepDive)

• SpaceX to rent data centre capacity to Anthropic (FT)

• Iran Bureaucratizes Hormuz Control, Launches Formal Toll Authority on the Same Day Project Freedom Is ‘Paused’ (theDeepDive)

• JPMorgan Offered $1 Million Settlement Before Sexual Assault Claims Went Viral (WSJ)

• Kenney Lawyers Up as Centurion Breach Exposes Judges, Abuse Survivors and Vulnerable Albertans (theDeepDive)

• Marco Rubio heads to the Vatican as 2028 presidential buzz ramps up (CNBC)

• Elon Musk Appears to Have Posted on His Mother’s X Account as His Father (theDeepDive)

What’s the latest?

• Auto Industry: Mark Carney acknowledged growing pressure on Canada’s auto sector from U.S. tariffs as reports say Honda is indefinitely pausing its planned $15 billion EV project in Ontario due to weaker electric vehicle demand and shifting U.S. policies. Canadian officials say the global EV market slowdown and reduced U.S. incentives are affecting investment decisions, while critics argue Canada’s EV-focused industrial strategy is now under strain.

• Loblaw: Loblaw Companies Limited raised its quarterly dividend by 10% after reporting stronger Q1 profit and revenue, driven by solid performance from its discount grocery stores and pharmacy business at Shoppers Drug Mart. The company also confirmed progress on the sale of its PC Financial business to EQB Inc., with the deal expected to close this summer.

• Markets: Canadian and U.S. stock markets surged while oil prices dropped sharply as investors grew optimistic that the U.S. and Iran may reach an initial agreement to end the war. Canada’s S&P/TSX Composite Index jumped 445 points, while U.S. indexes including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all rallied strongly. Meanwhile, crude oil fell more than US$7 per barrel on easing supply fears, while gold prices climbed and the Canadian dollar stayed relatively steady.

• Real Estate: Montreal-area home sales fell 7% in April compared with a year earlier, as buyers stayed cautious due to economic uncertainty and affordability pressures, especially among first-time buyers. The Quebec Professional Association of Real Estate Brokers reported 4,744 residential sales, while home prices still rose across all property types, led by plexes (+3.7%), followed by single-family homes (+3.2%) and condos (+0.2%). Meanwhile, new listings and overall housing inventory increased significantly, giving buyers more options in the market.

• Politics: Donald Trump warned Iran it would face heavier bombing if it refuses a peace deal, even as reports suggest the U.S. and Iran are moving closer to an agreement that could reopen the Strait of Hormuz and ease sanctions. Markets reacted positively to signs of progress, with oil prices falling and global stocks rising amid hopes the two-month conflict may soon end.

The Biggest Undeveloped Gold Project Still Needs One Thing

The stock market and stuff

• Is Strategy Finally Out Of Kidneys? Saylor Suggests MSTR Might Start Selling Bitcoin (theDeepDive)

• IAMGOLD Rides Gold Rally to Second Straight Billion Dollar Revenue Quarter (theDeepDive)

• Five-Week Gold Import Freeze in India Drives $20 Premium Over Global Prices (theDeepDive)

• SSR Mining Posts Sharp Q1 Earnings Jump as Çöpler Sale Reshapes Portfolio (theDeepDive)

• Samsung Joins Trillion-Dollar Market Cap Club On AI Chip Rally (theDeepDive)

In the juniors

• Newcore Gold Drilling Intersects 1.23 g/t Gold over 33.0 Metres, Including 2.16 g/t Gold over 13.0 Metres, at the Enchi Gold Project, Ghana (JMN)

• Total Metals Wraps Up 25-Hole Drill Campaign at Electrolode, Awaits Assays (theDeepDive)

• Arizona Eagle Mining Announces Discovery in Phase 1 Drilling, Extends Gold Mineralization Northeast of Historic McCabe Gold Mine (JMN)

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