India
Canada PM India visit: Canada, India close to uranium supply pact, says Saskatchewan premier Scott Moe
Saskatchewan Premier Scott Moe, who is accompanying Canadian Prime Minister Mark Carney on his India visit, has expressed confidence that Ottawa and New Delhi are nearing a long-term uranium supply agreement, according to The Globe and Mail.
The proposed deal, potentially valued at $2.8 billion, would see Cameco Corporation supply uranium for Indian nuclear reactors under a possible 10-year arrangement that Moe said could materialise “in the near future”.
Carney, joined by Saskatchewan’s Moe and New Brunswick Premier Susan Holt, arrived in Mumbai as Canada seeks to diversify trade beyond the United States, while India looks to secure reliable access to Canadian energy resources, with discussions also expected to touch upon tariffs on Canadian agricultural exports.
Canadian Prime Minister Mark Carney landed in India on Friday, hoping to revive bilateral ties and double trade, offsetting the damage from his country’s fracturing relations with the United States.
After attending several key events in Mumbai, Carney will be travelling to New Delhi on Sunday and will meet Prime Minister Narendra Modi on Monday.
On Monday, Carney will also meet Modi as well as External Affairs Minister S Jaishankar and there will be an exchange of MoUs. He will also address the India-Canada CEO Forum before returning to Canada.
During the visit, Carney is expected to focus on India-Canada trade negotiations for a comprehensive economic partnership agreement, investment opportunities, cooperation in fossil fuel and nuclear energy, as well as critical minerals technology. He will also seek to put behind years of mistrust and sharp rhetoric between the Modi Government and his predecessor, Justin Trudeau, whose last visit to India for the G-20 summit in 2023 proved to be particularly acrimonious over the Khalistan issue.
Carney is expected to fly to Australia in the evening after leaving India to discuss cooperation on “defence and maritime security, critical minerals, trade, and advanced technologies, including AI” with Prime Minister Anthony Albanese and address the Australian Parliament, before travelling to Tokyo to meet newly re-elected PM Sanae Takaichi.
Carney’s visit comes a month after his trip to Beijing, where Canada and China restored trade ties, visas, and reduced restrictions on Chinese electric vehicles after his talks with Chinese President Xi Jinping and Premier Li Qiang.
It also follows a major downturn in ties with the U.S. over tariffs and counter-tariffs, and US President Donald Trump’s criticism of Canada, which he referred to last year as the US’s “51st state”.