According to always reliable Dave Naylor, the Ti-Cats have a tentative deal in place to trade the third-overall pick in the draft to Winnipeg for their eight and thirteenth overall picks. This would mark the second year in a row that Hamilton has dealt their first pick (last year, the traded it to Edmonton).
Trading the pick doesn't surprise me at all, and doing so is a smart move. There is no obvious need that could be filled with the third pick, so trading down and getting additional picks is a no-brainer. The trade is still contingent on a player being there that Winnipeg wants, so it could still fall through. But if the deal happens, it is a great move by team.