energy trade

12 Mar

Canada’s Trade Deficit Triples in January as Auto Exports Stall

Rajeev Sharma0 CommentsBusiness, CanadaAuto Exports, Canada trade, energy trade, StatCan, Trade Deficit

Ottawa (Rajeev Sharma) — Canada’s merchandise trade deficit widened significantly to C$3.65 billion in January 2026, far exceeding the C$900 million gap analysts had forecasted. According to data released by Statistics Canada on Thursday, March 12, the deficit nearly tripled from December’s revised C$1.3 billion, marking the largest percentage decline in exports in nearly a year. The primary driver behind the widening gap was a sharp 21.2% plunge in the export of motor vehicles and parts, which hit its lowest level since September 2021. Officials attributed the decline to "prolonged seasonal production stoppages" as Canadian plants underwent extensive retooling for…

28 Jan

Energy, Critical Minerals to Anchor Renewed India-Canada Trade Relations: Canadian Minister

Rajeev Sharma0 CommentsCanada, Indiacritical minerals, energy trade, India-Canada relations, LNG exports, nuclear cooperation

New Delhi/Ottawa (Rajeev Sharma): Energy cooperation and critical minerals are set to form the foundation of renewed trade ties between India and Canada as the two countries move to reset relations after a prolonged diplomatic freeze, a senior Canadian minister has said. Canada’s Minister of Energy and Natural Resources, Tim Hodgson, said India’s rapidly growing energy demand presents a major opportunity for Canada, which has abundant reserves of oil, natural gas and critical minerals. Speaking to Bloomberg Television on the sidelines of India Energy Week in Goa on Wednesday, Hodgson said deeper energy links would strengthen both economies. Canada currently…