Canada-India tensions spell trouble for trade growth, investment: Business leaders

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Business leaders say the escalating tension between Canada and India is jeopardizing delicate trade and investment relationships.

Now, trade talks are being affected as the two countries face off, with Canada’s trade minister postponing a planned October mission to India.“In the midst of all this … we’re trying to see, you know, where things land and how we can actually navigate into the future.”

Saskatchewan accounts for a large portion of Canadian exports to India. Canada sent $5.3 billion worth of goods to that country in 2022, or 0.7 per cent of global exports, according to Statistics Canada. Imports from India amounted to $8.3 billion, around 1.1 per cent of total global imports. Thomas was in India this week with a delegation when the news of Trudeau’s allegation broke. He said the talks were cancelled.

“Although they talked nicely about it, they made it very clear that this situation between Canada and India has to work its way out … before they’ll move any further,” said Azzopardi.

 

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