3/13/26

On Monday, India and Canada agreed to reinforce their partnership, aiming to finalize a series of agreements by the end of the year, including a 10-year nuclear energy deal.

Part of their motivation stems from the restructuring of global trade by Donald Trump and the conflict initiated against Iran.

“The United States is extremely volatile, not particularly predictable, and frankly, if I may be blunt about it, destabilizing many of the institutions and structures around the world,” said Evan Feigenbaum on CNBC.

India and Canada also committed to expanding bilateral trade to 70 billion Canadian dollars, which is $51 billion is US currency. However, India’s Ministry of External Affairs confirmed that the previous uranium supply pact, signed in 2015 between them and Cameco, was not fulfilled. This is a hurdle they need to address to build trust.

“This is not merely the renewal of a relationship, it is the expansion of a valued partnership with new ambition, focus, and foresight,” remarked Carney, the Prime Minister 

Overall, this partnership seems driven by a desire for stability and growth in an increasingly unpredictable world. It’ll be interesting to see how they navigate the challenges and opportunities that come with such an ambitious agreement.

Keeping the partnership strong if there are political changes in either country could be tough. Trust, trade barriers, and political stability are the main things they need to watch out for.