Sitharaman seeks expanded financial ties with Canada in Toronto visit

Finance Minister Nirmala Sitharaman has pitched a comprehensive financial partnership with Canada, identifying key areas where the two nations can collaborate to mutual benefit. During her visit to Toronto, Sitharaman highlighted the potential for expanded cooperation spanning infrastructure development, financial technology, renewable energy and capital market integration.

The proposed framework would draw on Canadian institutional investors and financial expertise to support India's development priorities. Capital markets emerged as another focal point, with both nations seen as having complementary strengths in financial services and investment flows.

The fintech and digital finance sectors represent emerging opportunities where India's technological innovation ecosystem and Canada's regulatory framework could create synergies. Clean energy partnerships were also emphasized as critical, aligning with both nations' climate commitments and the growing demand for sustainable infrastructure investment.

Sitharaman's pitch comes amid broader efforts to strengthen bilateral economic ties and position India as an attractive destination for foreign institutional capital. The proposed deepening of financial links reflects growing recognition of complementarities between India's growth trajectory and Canada's investment capabilities.