During Canadian Prime Minister Mark Carney’s first visit to New Delhi, India and Canada agreed to aim for concluding a comprehensive free trade agreement by year-end and announced a landmark C$2.6 billion ($1.9 billion) long‑term uranium supply deal between the Indian government and Cameco to support India’s nuclear power plans.[1] The two sides set a goal to increase bilateral trade to $50 billion by 2030 from nearly $9 billion in 2024‑25 and will cooperate on civil nuclear energy, small modular reactors, critical minerals, clean energy and agricultural value chains as they seek to reset relations after a period of diplomatic tensions.[1]
This deepens India–Canada economic and energy ties, securing uranium supplies for India’s nuclear power expansion while putting stalled trade talks back on track.
*Business event analysis, not a stock prediction.
Follows a freeze in trade talks after 2023 diplomatic tensions over Sikh separatist issues.[1]