Canada’s Uranium Talks With India Hit Diplomatic Snag

Globe and Mail reported diplomats from Canada and India are working to resume trade in nuclear materials and technology.

As quoted in the market news:

Canada and India reached a nuclear co-operation deal with great fanfare two years ago that was supposed to pave the way for a vast new export business for Canadian uranium and reactor companies.

But the deal hasn’t come into force yet because India has balked at Canada’s insistence that it should have the right to verify India’s handling of any Canadian nuclear material. India already reports its activities to the International Atomic Energy Agency and doesn’t believe it should have to pass muster with Canada as well.

Click here to read the full Globe and Mail report.