Good morning. Canada has long cast itself as a bystander in the illegal wildlife trade, but a new investigation shows the country has become a hub for the global black market. More on that, along with the latest in the Middle East and Ottawa’s nuclear plans. Let’s get to it.

The latest: Canada has become a significant player in the illegal wildlife trade, an investigation by The Globe and Mail and the Pulitzer Center found. The story examines how Canada has become a hub for black-market activity that is flying under the radar, propped up by vast wilderness, patrol blind spots and weak penalties.

How we got here: Unlike drug trafficking, it’s rare for someone involved in Canada’s illicit wildlife trade to land in jail – even though the criminal networks are often exactly the same and profit margins can be much higher. Enforcement offices are understaffed, and many officials say penalties are too low.

How big is the market? While it’s hard to measure precisely, the illegal wildlife trade is believed to be the world’s fourth most lucrative criminal enterprise, only trailing drug trafficking, arms trafficking and human smuggling.

What’s next: There are signs Canada is taking the issue more seriously. It’s participated in international crackdowns on wildlife and forest crimes, and banned the trade of shark fins, elephant ivory and rhino horns. And this past week, G7 leaders pledged joint investigations to trace and seize the proceeds of environmental crime.

The latest: U.S.-Iran negotiations on an interim deal to end the war had a tense start in Switzerland as Iranian officials took offence at comments by U.S. President Donald Trump, who threatened to attack and told Iran’s President to watch what he says.

The stakes: The comments complicated efforts by Vice-President JD Vance to discuss Tehran’s nuclear program, the Strait of Hormuz and the unfreezing of billions of dollars in Iranian assets. Iran first wants talks to focus on Lebanon, where Israel’s military has been fighting Iran-backed Hezbollah.

What’s next: After the interim agreement was signed last week, negotiators began a 60-day sprint to reach an agreement on the technical details. A renewed ceasefire in Lebanon brokered on Saturday appears to be holding, but neither Israel nor Hezbollah signed the U.S.-Iran deal.

The latest: The 26 students graduating from Canada’s National Ballet School this month will embark on their careers in a changing industry, as a new ethos of inclusion and belonging transforms dance training. It’s a pivotal moment – a time of big news and even bigger decisions.

What’s next: Only two dancers in the class have been offered contracts at professional companies, while others will continue their training or hang up their shoes and pursue academics instead. Globe writer Martha Schabas got to know three students over the past year and checked in this spring to learn what they’ve decided.

The latest: The Canadian government wants to dramatically scale up the use of nuclear power, with a goal of up to 10 new large-scale reactors, according to a policy document set to be released today. It would be a massive increase: The country now has 17 operable reactors, and the last large reactor was completed in 1993.

The context: Large-scale nuclear reactors are expensive and difficult to build, and the strategy has no new money attached. Power generation and electrical grids are also the sole domain of provinces and territories, so Ottawa hopes to push premiers to action with incentives and its bully pulpit.

What’s next: Federal Energy Minister Tim Hodgson is set to meet with his provincial and territorial counterparts in Yellowknife this week. The strategy promises to rely on existing funds and to release a nuclear-power financing policy by April of 2027.