Canada aims for India trade deal by year-end, Sidhu says

Skip to Content News Archives Economy Defence Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Defence Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Defence Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeNewsCanada aims for India trade deal by year-end, Sidhu saysThe push to deepen economic ties with India comes as Canada faces rising trade tensions with the U.S.Author of the article:Last updated 13 minutes ago The Honourable Maninder Sidhu, federal Minister of International Trade of Canada speaking at an affordable housing announcement in Vaughan, Ontario on August 26, 2026. Photo by Peter Power/Postmedia NewsCanada will seek to conclude a trade deal with India by the end of the year as the two countries look to strengthen economic ties and diversify partnerships amid growing global uncertainty.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountNegotiators from India and Canada began a fifth round of talks from Oct. 5, building on discussions that concluded last month. Prime Minister Narendra Modi is expected to visit Canada in December and sign a completed trade deal.This advertisement has not loaded yet, but your article continues below.“The momentum is there, the energy is there to get it done,” Canadian International Trade Minister Maninder Sidhu said in an interview with Bloomberg’s Haslinda Amin. “Hopefully we will get it done this year. That is the focus.”Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againThe push to deepen economic ties with India comes as Canada faces rising trade tensions with the United States following the breakdown of negotiations between the two countries. India, meanwhile, is contending with fresh tariff threats from a new law that gives Donald Trump the power to impose levies of as much as 100 per cent on countries that purchase Russian oil and gas.Canada sees opportunities to deepen ties with India in mining and food security, while also identifying infrastructure investment and nuclear energy as areas for deeper cooperation.“The business community wants to see this happen,” Sidhu said of the trade deal.Trade between Canada and India is currently small. The two countries exchanged $30.4 billion of goods and services last year, according to Canadian government data.“The leaders have set an ambitious target to go from $30 billion to $70 billion,” Sidhu said. “How are we going to get there? Many of the conversations I’ve had in Mumbai with some of the conglomerates is we want to do more on energy. We know we want to do more in critical minerals.”This advertisement has not loaded yet, but your article continues below.He signaled Ottawa’s interest in participating in India’s expansion plans.“As India grows, Canada grows. We want to support India,” Sidhu said. “We can help India build all the supply chains. Negotiations are always tough but we are going to do what is best for our businesses.”Nuclear energy is another potential area of cooperation. India is opening up its tightly controlled nuclear industry to private companies as it seeks to rapidly expand atomic power generation.That could create opportunities for Canada, which has some of the world’s largest uranium resources as well as nuclear technology and expertise, to supply fuel and participate in new projects.With assistance from Anup Roy and Shruti SrivastavaThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.