financetom
Business
financetom
/
Business
/
Ottawa close to uranium deal with India worth $2.8 billion, Globe and Mail reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ottawa close to uranium deal with India worth $2.8 billion, Globe and Mail reports
Nov 24, 2025 6:13 PM

Nov 24 (Reuters) - Canada and India are close to

finalizing an export agreement in a deal valued at about US$2.8

billion, the Globe and Mail reported on Monday, citing people

familiar with the matter.

The deal for Canada to ship uranium to India would run for

10 years if finalized, the report said, adding that uranium

would be supplied by Canada's Cameco Corp. ( CCJ ) The deal

could be part of a broader nuclear cooperation effort between

the two countries, the report said.

The Indian government, the Indian Trade Ministry, the

Canadian government and Canada's Trade Ministry did not

immediately respond to Reuters requests for comment. Reuters

could not immediately verify the report.

Canadian Prime Minister Mark Carney met with Indian Prime

Minister Narendra Modi for a discussion on the sidelines of the

G20 summit in Johannesburg, South Africa, on Sunday.

The Indian government said on Sunday that the two countries

agreed to restart stalled talks for a new trade deal, after

discussions had paused following a diplomatic spat two years

ago.

"The leaders agreed to begin negotiations on a high-ambition

Comprehensive Economic Partnership Agreement (CEPA), aimed at

doubling bilateral trade to USD 50 billion by 2030," the

statement from India's Prime Minister's Office said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved