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 >
-- Lassonde Industries Brief: National Bank Says
-- Lassonde Industries Brief: National Bank Says "Solid performance expected; Heightened medium-term capex in focus"
Mar 11, 2025
02:41 PM EDT, 03/11/2025 (MT Newswires) -- Price: 187.00, Change: +0.02, Percent Change: +0.01 ...
Northvolt close to filing for bankruptcy in Sweden, newspaper DN reports
Northvolt close to filing for bankruptcy in Sweden, newspaper DN reports
Mar 11, 2025
STOCKHOLM (Reuters) - Northvolt, the Swedish maker of battery cells for electric vehicles, may be close to filing for bankruptcy in Sweden, Swedish newspaper Dagens Nyheter (DN) reported on Tuesday. Northvolt sought U.S. Chapter 11 bankruptcy protection in November last year as its cash pile dwindled, trying to secure funds that would allow it to fix persistent problems in scaling...
Market Chatter: Ares Acquisition in Talks to Merge with Kodiak Robotics
Market Chatter: Ares Acquisition in Talks to Merge with Kodiak Robotics
Mar 11, 2025
02:32 PM EDT, 03/11/2025 (MT Newswires) -- Ares Acquisition Corp. II ( AACT ) is in the late stage of talks to merge with autonomous trucking company Kodiak Robotics, Bloomberg reported Tuesday, citing people with knowledge of the matter. A potential transaction may value the combined entity at $2 billion, the report said. The transaction may fall through, and other...
Energy Transfer Unusual Options Activity
Energy Transfer Unusual Options Activity
Mar 11, 2025
Whales with a lot of money to spend have taken a noticeably bullish stance on Energy Transfer ( ET ). Looking at options history for Energy Transfer ( ET ) we detected 10 trades. If we consider the specifics of each trade, it is accurate to state that 70% of the investors opened trades with bullish expectations and 20% with...
Copyright 2023-2026 - www.financetom.com All Rights Reserved