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Canadian PM Carney is reportedly likely to visit India in early March, with Carney also potentially to sign a CAD 2.8bln uranium supply deal, according to the Indian envoy to Canada

Newsquawk Staff ·

Canadian PM Carney is reportedly likely to visit India in early March, with Carney also potentially to sign a CAD 2.8bln uranium supply deal, according to the Indian envoy to Canada.

What it means

The potential visit of Canadian PM Carney to India, alongside the likely signing of a significant uranium supply deal, indicates strengthening economic ties between the two nations. This could lead to heightened investment flows and bilateral trade, which may positively impact both the CAD and INR, especially in the context of energy supply dynamics. The timing and details of this agreement could also influence market sentiment and expectations around future trade policies.

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