By Kimberley Kao

Canada has signed a string of agreements with India aimed at deepening ties in areas like critical minerals and energy as it seeks more alliances amid tensions with the U.S.

Canada and India struck a new energy partnership, including a deal worth 2.6 billion Canadian dollars, or US$1.91 billion, for Canadian firm Cameco to supply uranium to India for nuclear energy from 2027 to 2035, the office of the Prime Minister of Canada said Monday.

A new Comprehensive Economic Partnership Agreement between the two countries will be concluded this year, which aims to double two-way trade to C$70 billion by 2030, the statement said.

That came during a visit by Canadian Prime Minister Mark Carney to India to thaw years of strained bilateral relations, and deepen commercial ties that could reduce Canada's economic reliance on the U.S.

Carney has also traveled China, where he negotiated a trade detente with Beijing. Canada has said that it aims to double non-U.S. exports over a decade, generating C$300 billion more in trade.

Monday's statement outlined other agreements signed with India were to boost cooperation on critical minerals and technology.

"Canada and India have immense strengths and growing ambitions in the technology sector, particularly in AI, quantum, and aerospace," it said.

HCL Technologies, India's third-largest IT services company, will expand its operations in Canada, increasing its workforce by 75% by 2030.

Carney and his delegation also met with business leaders across various sectors, and commercial deals worth over C$5.5 billion were signed during the visit that will create thousands of jobs in Canada, the statement said.

Indian Prime Minister Narendra Modi and Carney also agreed to advance bilateral cooperation on security and law enforcement.

After India, Carney is due to travel to Australia and Japan.

Write to Kimberley Kao at kimberley.kao@wsj.com

(END) Dow Jones Newswires

March 02, 2026 05:04 ET (10:04 GMT)

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