CANADA TRADE RELATIONS
Canada taking advantage of US, but getting close to deal: Donald Trump
US President Donald Trump accused Canada of exploiting the United States through trade imbalances, claiming Ottawa had made $90 billion annually at Washington's expense for years. Speaking ahead of a Michigan rally, Trump said negotiations were progressing towards a deal, but stressed he wanted a long-term agreement favourable to the American economy.
Alberta overwhelmingly votes to remain part of Canada: What does it mean for PM Mark Carney and his feud with Trump?
In a historic referendum, Alberta voters overwhelmingly chose to remain part of Canada, with over 75 percent saying no to independence. This reflects a strong sentiment of national unity against the backdrop of past secession attempts in Quebec. Prime Minister Mark Carney hailed the result as a demonstration of Canadian solidarity, especially in light of an ongoing trade war and geopolitical pressures from the United States.
Carney says Trump's tariffs hurt Americans as US alleges Canadian interference
Canadian Prime Minister Mark Carney outlined a significant financial plan for supporting manufacturing in Ontario. This strategy includes billions to assist steelmakers, automakers, and critical mineral development. Carney emphasized that U.S. tariffs have negatively impacted trade relations and increased costs for American consumers. Ontario Premier Doug Ford stated that the diplomatic relationship with the U.S. has permanently changed.
India-NZ FTA in force: Over half of New Zealand’s exports to India now tariff-free, Wellington also eyes Brazil, Canada
New Zealand is working to strengthen trade relations with Brazil and Canada in response to economic uncertainties. The country expects to complete the first New Zealand-Brazil Trade and Investment Dialogue after upcoming elections. A new free trade agreement with India has been implemented, making more than half of exports tariff-free. The agreement will benefit various products, including sheep meat and wool, as well as local businesses.
Yen jumps after JGB auction draws big demand, euro finds relief
The yen experienced a notable rise against the dollar, driven by unprecedented demand for long-term Japanese government bonds. In France, curfews were enacted in response to widespread anti-government protests, which pose challenges for President Emmanuel Macron's administration. Meanwhile, the euro gained momentum alongside a rise in European bond futures amid persistent political uncertainties in France and Italy.
Alberta voters reject independence push in massive win for Carney as Trump's annexation threats and tariffs loom large
Voters in Alberta overwhelmingly chose to remain part of Canada, with 76% supporting unity. The referendum was part of a broader political movement influenced by dissatisfaction with the federal government. Prime Minister Mark Carney welcomed the results, emphasizing the importance of a united Canada. Despite this setback, separatist sentiments continue to linger among some Albertans. The implications of this vote may shape future political dynamics in the province.
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Dates of PM Modi's Canada visit currently under discussion between two sides: MEA
The Ministry of External Affairs (MEA) said the dates of Prime Minister Narendra Modi's visit to Canada are currently being discussed by both sides. Recent conversations between Modi and Prime Minister Mark Carney focused on strengthening bilateral ties. The leaders agreed to work towards building a strategic partnership covering various key areas. Efforts are being directed towards finalising the Comprehensive Economic Partnership Agreement.
Canada resets India ties, PM Modi likely to visit in December
Prime Minister Narendra Modi is expected to visit Canada on December 11-12 to enhance bilateral relations. The trip aims to focus on key areas of cooperation such as trade, energy, and technology.
The $50-billion question: Who gets what as India and Canada aim to strike a trade deal?
India and Canada are currently negotiating a free trade agreement designed to enhance bilateral trade significantly. Nearly 300 Canadian business delegates are visiting India to advance these discussions. Both countries aim to increase two-way trade to $50 billion by 2030. Key focus areas include energy, critical minerals, and agriculture, alongside demands for improved market access. The negotiations have resumed after a brief pause, with optimism surrounding the outcome before December.
India, Canada sign commercial deals as both aim to seal trade pact by 2026
India and Canada have signed commercial agreements aimed at strengthening trade relations and enhancing economic cooperation. Minister of International Trade Maninder Sidhu emphasized collaboration opportunities in various sectors like artificial intelligence and digital innovation. The proposed Comprehensive Economic Partnership Agreement seeks to be concluded by the end of 2026. Current bilateral trade is projected to increase significantly following these agreements.
'India's dynamic market': Canada Trade Minister Sidhu highlights opportunities for Canadian firms
Canadian International Trade Minister Maninder Sidhu has highlighted opportunities for Canadian companies in India's "dynamic market", identifying artificial intelligence, quantum computing, aviation infrastructure, digital innovation, sustainability and smart mobility as key areas for bilateral cooperation.
PM Modi to visit Canada on December 11-12, focus on strengthening bilateral ties
Prime Minister Narendra Modi will visit Canada from December 11-12, the High Commission of India in Ottawa said on Friday, following a telephone conversation between PM Modi and Canadian Prime Minister Mark Carney in which both leaders agreed to build on the positive momentum in bilateral ties.
Canada ministers step up outreach to boost ties
Canada is actively working to enhance its relationship with India through a comprehensive economic partnership agreement. In a significant move, Canadian ministers visited India to discuss various collaboration opportunities. Prime Minister Narendra Modi highlighted the need for sustained bilateral engagement to achieve tangible outcomes. A large trade delegation from Canada is also in India to bolster economic ties. These developments reflect Canada's strategic shift to diversify its trade partnerships.
India, Canada to hold next round of trade pact talks in November
India and Canada will conduct the next round of negotiations for the Comprehensive Economic Partnership Agreement in early November. The fifth round of negotiations was recently completed on October 9 in Canada. Discussions between Commerce Minister Piyush Goyal and Canadian counterpart Maninder Sidhu highlighted the need to advance these negotiations. Both countries hope to conclude the talks by the end of this year.
‘Keep your nose out’: Pete Hoekstra warns Canadian politicians ahead of US midterms after 100,000 Canadians sought his expulsion
US Ambassador to Canada Pete Hoekstra has warned Canadian politicians to “keep their nose out” of American politics ahead of the November midterm elections, alleging that comments by officials and Ontario’s anti-tariff advertising campaign could amount to election interference. His remarks come amid escalating US-Canada trade tensions and Donald Trump’s renewed claim that Canada could become the 51st US state.
India, Canada talks gaining momentum, to conclude CEPA negotiations this year: Sidhu
Both countries aim to increase bilateral trade to $70 billion by 2030, doubling the current figure. Union Commerce Minister Piyush Goyal also emphasized trust as a foundation for their trade relationship.
Canada aims to seal India trade pact by year-end amid push to diversify ties
Canada aims to finalize a Comprehensive Economic Partnership Agreement with India by the end of this year. Foreign Minister Anita Anand emphasized the need for diversifying trade partnerships beyond reliance on the United States. Indian trade negotiators recently visited Canada as both nations work to strengthen economic ties. A significant uranium supply agreement between Cameco and India illustrates growing cooperation between the two countries.
Canadian Foreign Minister Anita Anand meets PM Modi
Canadian Foreign Minister Anita Anand met Prime Minister Narendra Modi to discuss strengthening India-Canada relations. They focused on trade, technology, security, energy, and education during their productive discussions. Modi emphasized the need for continued collaboration and the conclusion of the Comprehensive Economic Partnership Agreement. Both leaders also addressed international developments and reaffirmed their commitment to collaborative efforts.
'Don't worry': Piyush Goyal sends a message to the world on India-US ties
At the Bloomberg New Economy Forum, Union Commerce and Industry Minister Piyush Goyal shed light on the promising future of India and the US's partnership. He expressed his belief in the strong bond that is expected to grow, while addressing fears regarding its effects on other nations. Goyal confirmed that this alliance is stable and poses no threats, fostering a hopeful view for the future of their relations.
India in talks to host Canada PM Carney as Republic Day chief guest, trade pact in focus
India is contemplating a visit by Canadian Prime Minister Mark Carney during the Republic Day celebrations in January. Prime Minister Narendra Modi and Carney discussed the Comprehensive Economic Partnership Agreement during a phone call on Tuesday. The two leaders aim to finalize the CEPA and increase bilateral trade by 2030. The Canadian delegation, led by Minister Maninder Sidhu, is in India to explore trade opportunities.
Modi, Carney discuss positive momentum in India-Canada trade ties; Ottawa confirms Indian PM's December visit
Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney are working to strengthen their countries' economic partnership. They discussed the importance of trade agreements, particularly the Comprehensive Economic Partnership Agreement. Commerce Minister Piyush Goyal is also engaged in advancing CEPA negotiations for mutual benefits. Canada's Minister of International Trade is leading a large trade delegation to India for future collaborations.
Canadian Foreign Minister Anita Anand to visit India on October 13
Canada's Minister of Foreign Affairs Anita Anand plans to visit India and the UAE from October 13 to October 16. She will meet with Minister of External Affairs Dr. S Jaishankar to discuss trade, energy, and security cooperation. In India, Anand will participate in the Bloomberg New Economy Forum alongside high-level meetings to promote collaboration.
300-member Canadian trade delegation heads to India as countries look to firm up ties
Canada is preparing to send a significant trade delegation to India, aiming to enhance commercial relationships. Led by Minister Maninder Sidhu, the mission will focus on expanding partnerships in aerospace, agri-food, and clean technology. This event will coincide with ongoing negotiations for a Comprehensive Economic Partnership Agreement aimed at elevating bilateral trade. Canadian businesses hope to connect with Indian leaders and boost employability in Canada.
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