Tags: ASIA | ASIAX | BASIC | BBCHTO | BGOVBILLGO | BGOVCODES | BIZNEWS

Canadians Wary of Nuclear Deal as India's Narendra Modi Visits

Tuesday, 14 Apr 2015 06:23 AM

With Narendra Modi set to arrive in Canada for the first visit by an Indian prime minister in a generation, a poll shows Canadians are wary of striking a uranium deal with the country.

Modi arrives Tuesday for a three-day visit to Canada, the first by an Indian prime minister in over 40 years. He's due to meet with political and business leaders, while a possible deal to sell Cameco Corp. uranium to India is expected as soon as Wednesday, a person familiar with the talks said last week. Such a deal would be the first for the Saskatoon, Saskatchewan-based miner.

The province's premier, Brad Wall, has lauded the possibility of a uranium deal and said it would boost Cameco revenue and support jobs in Saskatchewan.

Canadians, though, are against any such pact, according to an Internet survey to be published Tuesday by Canadian pollster Angus Reid Institute.

While 81 percent of respondents see trade with India as a “can't-miss” or “important” opportunity for Canada, 60 percent said they opposed helping develop India's nuclear energy industry, according to the poll.

Modi is due to arrive in the evening and meet with Canadian Prime Minister Stephen Harper and Governor General David Johnston on Wednesday morning, according to an itinerary from the Indian government. He will go to Toronto Wednesday evening, staying there until leaving for Vancouver Thursday, the final stop of his visit.

Pension Funds

Modi is scheduled to meet with pension funds, business leaders and members of Canada's Indian community during his trip, according to the itinerary.

Harper's office has said the countries intend to focus on boosting cooperation on economic issues, counter-terrorism and energy.

The two countries reached a nuclear cooperation agreement in 2012 that took effect the following year.

Saskatchewan's Wall told Bloomberg last week a uranium sale deal wasn't yet completed, while Cameco has been pushing to finalize one that could mean hundreds of millions in revenue over several years.

The Angus Reid poll of 1,475 respondents showed 70 percent of Canadians have a favorable view of India, while 58 percent believe Harper should pursue a free-trade pact with the country.

The poll used responses from an online panel and has no formal margin of error, though Angus Reid estimated the comparative margin for a poll of this sample size would be within 2.6 percent, 19 times out of 20.

More respondents favored pursuing ties with China than with India, when asked to choose between the two countries. The poll also found 78 percent of Canadians, presented with a photo of Modi, were unable to identify him.

© Copyright 2017 Bloomberg News. All rights reserved.

   
1Like our page
2Share
TheAmericas
With Narendra Modi set to arrive in Canada for the first visit by an Indian prime minister in a generation, a poll shows Canadians are wary of striking a uranium deal with the country.
ASIA, ASIAX, BASIC, BBCHTO, BGOVBILLGO, BGOVCODES, BIZNEWS, BNALL, BNCALGAR, BNCOPY, BONDWIRES, BRIC, BUSINESS, CACURZ3, CAGOV, CANADA, CAPM, CATOP, CATOPZ3, CMD, CMDKEY, CMDTOP, CMDX, COS, CPNYCNT1, EM, EQUITYKEY, ESG, ESGCOUNT, ESGENV, ESGNRG, ESGNUK, ESGWEAPON, FINNEWS, FTA, G10MEMB, G7MEMB, GEN, GENEVENT, GENNEWS, GOV, GOWEB, HLNOVEL, HLNOVELTY9, INDGOV, INDIA, INDPM, INDUSTRIAL, INDUSTRIES, INTNEWS, MAJOR, MARKETS, MET, METALKEY, MISC, MNG, MSCIEMAS, MSCINAMER, MSCIWORLD, NONFERR, NORTHAM, NOVEL, NOVELTY9, NRG, NRGCURZ6, NRGKEY, NRGTOP, NRGTOPZ6, NUK, OCX, ONWEB, ORIGINAL, POLIRISK, POLLS, POWERCURZ2, POWERTOP, POWERTOPZ2, READ25, SASKATCH, SEASIA, SPREGIONS, SRCRANK1, STFILT241, STFILT268, STFILT689, TERROR, TORX, TRD, TS300, USBNX, WORLD
430
2015-23-14
Tuesday, 14 Apr 2015 06:23 AM
Newsmax Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved