The Decibel After years of hostility, Carney defrosts relations with India
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Mar 5, 2026 Steven Chase, senior parliamentary reporter at The Globe and Mail, joins Mark Carney in India and files on-the-ground analysis. He outlines why India matters economically. He describes the $2.6B Cameco uranium deal and new university and commercial partnerships. He walks through the tensions over alleged interference and explains Carney's pragmatic justification for resetting ties.
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India Is A High-Priority Market For Canadian Trade
- India is a major growth market with 1.4 billion people and aggressive economic expansion.
- Steven Chase notes India is opening markets, building infrastructure and ready to buy energy, commodities, and services from abroad.
Trade Volume Is Small But Demand Matches Canadian Strengths
- Current Canada-India trade is small, under 1% of Canadian exports, leaving big growth potential.
- Chase highlights demand for energy, peas, lentils, LNG, nuclear expertise, and architectural and engineering services.
Cameco Won A $2.6B Uranium Deal With India
- Carney secured a $2.6 billion Cameco uranium supply deal for India over eight years.
- Chase calls it the crown jewel of the trip and says such a government-to-government sale required stabilized relations.