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Reading: From commerce to immigration – what does anti-Trump Canadian PM Mark Carney imply for India?
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StockWaves > Business > From commerce to immigration – what does anti-Trump Canadian PM Mark Carney imply for India?
Business

From commerce to immigration – what does anti-Trump Canadian PM Mark Carney imply for India?

StockWaves By StockWaves Last updated: April 29, 2025 6 Min Read
From commerce to immigration – what does anti-Trump Canadian PM Mark Carney imply for India?
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Contents
Affect on ties with IndiaStrained relations with IndiaImmigration and WorkforceThe Commerce Issue

Mark Carney, a former central banker, has led the Liberal Celebration to victory within the Canadian federal elections – a win that might sign a reset within the strained India-Canada relationship.  

Canada’s Liberal Celebration has received a fourth consecutive election, giving a mandate to Carney after a marketing campaign with a pledge to spice up financial progress and stand as much as US President Donald Trump within the world commerce conflict.

In his victory speech earlier than supporters in Ottawa, Carney confused the significance of Canadian unity within the face of the threats coming from Washington below President Trump, who has even expressed curiosity in making Canada as 51st state of the US. 

“We’re over the shock of the American betrayal, however we must always always remember the teachings,” Carnay mentioned reiterating his marketing campaign remarks concerning the mutually useful system Canada and the US had shared since World Conflict II had ended.

Affect on ties with India

The India-Canada relations have been strained lately, particularly below the management of former Prime Minister Justin Trudeau, who resigned in January, paving the best way for Mark Carney. Earlier than the newest victory, Carney sworn in because the twenty fourth prime minister of Canada on March 14, 2025.

Carney, a political newcomer, had not too long ago described himself because the “most helpful in a disaster.” In his marketing campaign, he recognized rebuilding ties with India as a precedence, signalling a reset in relations between the 2 nations.

“What Canada shall be seeking to do is to diversify our buying and selling relationships with like-minded nations, and there are alternatives to rebuild the connection with India. There must be a shared sense of values round that business relationship, and if I’m Prime Minister, I look ahead to the chance to construct that,” he had mentioned signaling a departure from the strained diplomatic relationship below Justin Trudeau’s management.

As issues stand. India stays a key strategic companion in Carney’s plans for Canada’s world financial and political engagement particularly given his emphasis on diversifying commerce and fascinating with like-minded nations.

Strained relations with India

India-Canada relations have been strained since 2023 over allegations by then Trudeau authorities implicating ‘Indian brokers’ within the killing of Hardeep Singh Nijjar, a Canadian citizen and a Khalistani terrorist, exterior a gurdwara in Surrey, British Columbia, in June 2023.

In October 2024, ties nosedived additional when Canada expelled six Indian diplomats. India denied any involvement in Nijjar’s killing and condemned the accusations as baseless. Subsequently, each nations expelled high envoys, froze commerce negotiations, and suspended official visits.

India has been accusing Canada of harbouring extremism in Canada’s Sikh diaspora. Underneath these circumstances, Carney’s victory is being watched intently. The win, specialists say, has opened the door for a diplomatic reset, as Carney he’s seen as a pragmatist and fewer ideological than his predecessor, Truddeau. 

New Delhi views any assist for Khalistani components overseas as a menace to nationwide safety. Trudeau was seen as a pacesetter unwilling to behave on Indian considerations.

Immigration and Workforce

India is among the largest sources of immigrants to Canada. There are about 2.8 million as short-term staff, college students, or everlasting residents within the Indo-Canadian neighborhood. 

The variety of Indian college students heading to Canada has dropped sharply, with many affected by the actual property disaster, stricter immigration guidelines, and tensions between New Delhi and Ottawa.

Knowledge from the Bureau of Immigration exhibits that Canada noticed the most important fall, with numbers dropping by 41 per cent, from 233,532 in 2023 to 137,608 in 2024. Whereas diplomatic relations worsened throughout Trudeau’s time period, immigration numbers from India remained excessive. 

Carney is predicted to keep up this coverage observe, significantly for expert professionals, tech staff, and college students India has additionally been a serious contributor to Canada’s expert workforce. Underneath Carney, immigration insurance policies are anticipated to stay favorable, significantly for expert professionals and college students.

Together with his financial background, Carney is predicted to assist insurance policies attracting high expertise to bolster Canada’s workforce.

A extra secure diplomatic relationship of Canada with India may result in a rise in scholar and work visas, in addition to smoother processing of everlasting residency purposes.

 The anticipate reset in relations can be anticipated to see the return of cooperation in recognising Indian credentials

The Commerce Issue

The strained ties between India and Canada had stalled Complete Financial Partnership Settlement (CEPA). This commerce deal, below negotiation for years, was shelved following the Nijjar allegations and the aftermath.

Carney’s remarks point out that the CEPA shall be revived.

We’re over the shock of the American betrayal, however we must always always remember the teachings.

In 2023, bilateral providers commerce stood at 13.49 billion Canadian greenback. The 2 nations confirmed intentions beforehand to develop cooperation in Synthetic Inteligence, fintech, inexperienced power and better training. 

Partnerships in these areas would possibly regain attentions in Carney’s regime. Each, India and China economies look to cut back dependence on China and the US.

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