Economy18h ago·40 sources

Canada and India have solidified their bilateral ties through a series of agreements, notably a uranium supply deal valued at approximately US$1.91 billion (2.6 billion Canadian dollars). Canadian firm Cameco Corporation is set to supply uranium to India for nuclear energy from 2027 to 2035. This energy partnership is part of a broader effort to deepen commercial ties and reduce Canada's economic reliance on the U.S. Additionally, the two nations aim to conclude a Comprehensive Economic Partnership Agreement this year, with a goal to double bilateral trade to C$70 billion by 2030. Other agreements focus on boosting cooperation in critical minerals, technology (including AI, quantum, and aerospace), and security. During Canadian Prime Minister Mark Carney's visit, commercial deals worth over C$5.5 billion were also signed, expected to create thousands of jobs in Canada. HCL Technologies, an Indian IT services company, also plans to expand its Canadian operations.