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Cameco Corporation

Cameco Corporation

Publicly traded uranium producer

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Canada and India rebuild trade ties after diplomatic collapse over assassination allegations

Money Moves

Signed $2.6 billion uranium supply deal with India

Sixteen months ago, Canada and India had no ambassadors in each other's capitals. Ottawa had accused New Delhi of orchestrating the assassination of a Canadian citizen on Canadian soil, and both countries expelled six of each other's diplomats in a single day. On March 2, 2026, Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi signed five agreements worth $5.5 billion, launched free trade negotiations, and set a target of increasing bilateral trade from $9 billion to $50 billion by 2030.

Updated Mar 2