India-Canada Uranium, Critical Minerals Deal
Analysis based on 19 articles · First reported Mar 02, 2026 · Last updated Mar 02, 2026
The agreements between India and Canada, particularly on uranium supply and critical minerals, are expected to positively impact the energy and mining sectors. The renewed focus on a Comprehensive Economic Partnership Agreement could significantly boost bilateral trade and investment, reducing Canada's reliance on the United States.
India and Canada have reached a series of landmark agreements, including a significant uranium supply deal for nuclear power and cooperation on critical minerals. These pacts, announced after meetings between Prime Minister Narendra Modi and Prime Minister Mark Carney in New Delhi, aim to reset strained diplomatic ties that collapsed in 2023 following accusations regarding Sikh activists. The agreements also cover technology and renewable energy, with a goal to finalize a Comprehensive Economic Partnership Agreement to boost bilateral trade to $50 billion. Canada's move is also part of its strategy to diversify trade beyond the United States, while India seeks to expand its nuclear power capacity to 100 gigawatts by 2047.
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