The Deep Dive (Canada)

11 hours ago | thedeepdive.ca | Jay Lutz

Canadian housing starts posted a record-setting surge in April, with new data from Canada Mortgage and Housing Corporation showing a 30 percent increase from the previous month. The seasonally adjusted annual rate of housing starts reached 278,606 units, surpassing economists’ expectations and marking the highest actual April total on record. The six-month trend measure, which smooths out monthly volatility, also advanced 2.4 percent to 240,905 units.

12 hours ago | thedeepdive.ca | Jay Lutz

Vizsla Silver (TSX: VZLA) is expanding its land holdings within Mexico, announcing this morning that is has optioned the Santa Fe project. The project is said to include both production and exploration concessions, and contains a fully permitted flotation plant currently producing silver and gold. The arrangement will see 12,229 hectares of claim acquired that are 22 kilometres to the south of Vizsla’s Panuco project.

12 hours ago | thedeepdive.ca | Jay Lutz

Snowline Gold (TSXV: SGD) has updated its mineral resource estimate for the Valley Gold deposit, which forms part of the larger Rogue project in the Yukon. The updated estimate has seen significant resources converted from the inferred mineral resource category to the measured and indicated category based on the initial resource published in July 2024.

2 days ago | thedeepdive.ca | ER Velasco

Robinhood Markets (NASDAQ: HOOD) has struck a deal to acquire Canadian crypto platform WonderFi Technologies (TSX: WNDR) for $0.36 per share in cash, valuing the deal at roughly $250 million. The acquisition price gives WonderFi shareholders a much-needed liquidity event after a prolonged share price slump. “This transaction is the culmination of… efforts and the launchpad for Robinhood to democratize finance across Canada,” said WonderFi Executive Chairman Bobby Halpern.

2 days ago | thedeepdive.ca | ER Velasco

Ford Motor (NYSE: F) has suspended its annual earnings guidance, citing escalating uncertainty around rare-earth mineral supplies after China’s recent export curbs and the ripple effects of US trade policy under President Donald Trump. COO Kumar Galhotra directly pointed to China’s restrictions on seven rare-earth elements—samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium—as a major concern.