India and Canada to Anchor Trade in Energy, Critical Minerals

Storage tanks at an oil terminal in Hardisty, Alberta.

Photographer: Brett Gundlock/Bloomberg

Energy and critical minerals will be the cornerstone of new trade ties between India and Canada, a top Canadian minister said, as the two countries rekindle their relationship after a prolonged diplomatic rift.

India’s expected growth in energy demand is a “great opportunity” for the North American nation, which holds large supplies of oil, gas and critical minerals, Energy and Natural Resources Minister Tim Hodgson told Bloomberg Television at the India Energy Week in Goa on Wednesday.