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Trump Fires Bondi, Names Blanche

President Donald Trump has fired Attorney General Pam Bondi, marking the second Cabinet ouster in recent weeks following the removal of Homeland Security Secretary Kristi Noem last month. The decision, confirmed by multiple sources, came after a tense meeting in the Oval Office on Wednesday night, just before Trump’s national address on the war in Iran.

Deputy Attorney General Todd Blanche will step in as acting attorney general, taking over leadership of the Justice Department during this transition. Trump announced Bondi’s departure on Truth Social, stating she would move to a role in the private sector while praising her tenure, claiming murders dropped to their lowest level since 1900 under her oversight. No specific reason for her dismissal was provided in the statement.

You can read more on the matter here.

What’s going on?

• BC NDP Mounts Secret Campaign to Derail Alberta’s Northern Oil Pipeline (theDeepDive)

• Hopes fade for swift end to Iran war after Trump says military operations would intensify (Globe)

• La Presse Suspends The Food Professor Column After Media Critique (theDeepDive)

• OpenAI acquires popular tech podcast TBPN (CNBC)

• Canada Trade Deficit Widens Past Forecasts as Gold Imports Soar (theDeepDive)

• Three Ships Appear to Enter Hormuz by New Route Along Oman Coast (Bloomberg)

• CRA Warns Over 450 Employees of Potential Job Cuts Amid Staffing Review (theDeepDive)

• U.S. Says It Damaged Bridge in Attack on Iran’s Military Supply Lines (WSJ)

• Trump Weighs Replacing Tulsi Gabbard as Intelligence Chief Over Iran War Disagreement (theDeepDive)

What’s the latest?

• Layoffs: Oracle is cutting jobs as part of a restructuring tied to its AI investment push, including 491 layoffs in Washington state effective June 1, with broader cuts reported in the thousands. The company expects up to $2.1 billion in restructuring costs, mainly from severance, as it shifts resources toward AI infrastructure. Despite a ~29% stock decline this year, shares rose over 5% on the news, while tech layoffs have reached 40,480 jobs across 70+ companies in 2026.

• Economy: Canada’s GDP rose 0.1% in January and an estimated 0.2% in February, rebounding from a late-2025 contraction. Growth was driven by a 1.2% increase in mining, quarrying, and oil and gas extraction, while manufacturing fell 1.4% and services were flat. The data suggests modest early-2026 growth, reducing pressure for rate cuts as the Bank of Canada monitors inflation risks from rising oil prices

• Markets: Canada’s TSX rose 306 points to 33,074, while U.S. markets also rallied (Dow +425, S&P 500 +65, Nasdaq +325) on ceasefire hopes in the Middle East. Oil dropped below US$100 ($99.09), easing inflation concerns, while gold climbed to $4,800.10. The Canadian dollar strengthened slightly to 71.99 cents US.

• War: The Iran war continues to escalate with ongoing attacks across the region, including strikes on tankers and infrastructure, while oil prices remain elevated above US$100 per barrel (up ~40% since the war began). Over 1,900 people have been killed in Iran, alongside casualties in Israel, Gulf states, and among U.S. forces. U.S. President Donald Trump has issued conflicting signals on escalation versus de-escalation, while Iran rejects ceasefire claims and maintains control over the Strait of Hormuz.

• Tech: Iran’s Revolutionary Guard has threatened 18 major companies—including Nvidia, Apple, Microsoft, and Google—as “legitimate targets,” warning attacks could begin April 1. The escalation reflects a shift where tech infrastructure is now treated as a direct war target, following earlier strikes on cloud data centres. The conflict has already seen 3,000+ drones and missiles launched across the Gulf and 3,400+ deaths in Iran, raising risks for global tech and AI infrastructure in the region.

Why This War Made the Gold Case Stronger

The stock market and stuff

• Foreign Ownership of US Treasuries Falls to Lowest Share Since 1997, With No Floor in Sight (theDeepDive)

• Binance Launches Oil and Gas Futures Amid Energy Market Upheaval (theDeepDive)

• Tesla reports weaker than expected 6% rise in global deliveries (FT)

• First Majestic Aims To Restart Production At Jerritt Canyon In H2 2027 (theDeepDive)

• Markets Reprice Longer Iran Conflict as Oil Surge Revives Inflation Fears (theDeepDive)

In the juniors

• Pacifica Silver Provides Exploration Update at Claudia Silver-Gold Project; Grants Incentive Stock Options (JMN)

• Mercado Minerals Identifies A Series Of New Targets Following LiDAR Survey At Copalito (theDeepDive)

• Pirate Gold Provides Crippleback Drilling Update, Appoints New CFO and Releases Episode 8 of Treasure Hunters (JMN)

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