# Canada and India Target Year-End Trade Deal as Fairfax Seals C$8 Billion IDBI Bank Stake

- URL: https://stocks.freetheai.org/news/canada-and-india-target-year-end-trade-deal-as-fairfax-seals-c-8-billion-idbi-77bdae
- Published: 2026-10-16T15:45:54Z
- Category: macro; sentiment: bullish; impact: medium
- Symbols: [TSX:FFH](https://stocks.freetheai.org/symbols/TSX-FFH), [NSE:IDBI](https://stocks.freetheai.org/symbols/NSE-IDBI)
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Canada and India are working to finalize a Comprehensive Economic Partnership Agreement by the end of the year, backed by a wave of new institutional investments. The announcement followed Canada's largest trade mission to India in thirty years, where business delegates signed over 30 deals worth nearly C$300 million. Highlighting this momentum, Fairfax Financial Holdings Limited (TSX:FFH) secured a majority stake in IDBI Bank Limited (NSE:IDBI) in a transaction valued at nearly C$8 billion.

The major banking deal reflects growing investor interest in India from Canadian financial institutions, which have already directed close to C$107 billion into Indian infrastructure, healthcare, energy, and technology sectors. Bilateral trade growth has picked up across several industries, including an 85% increase in Canadian fertilizer exports and a 300% jump in aerospace exports last year. Both countries are targeting C$70 billion in bilateral trade by 2030, and the proposed trade agreement is intended to lower barriers and improve market access for businesses on both sides.

Negotiators will convene in India for a sixth round of trade talks during the week of November 9. Investors will monitor whether these negotiations result in a completed deal by year-end and if further institutional capital flows into Indian markets. Following the news, shares of Fairfax Financial Holdings Limited rose 0.59% to 2,421 CAD, while IDBI Bank Limited gained 0.80% to 84.12 INR.

## Key points

- Canada and India plan to wrap up Comprehensive Economic Partnership Agreement negotiations by the end of the year.
- Fairfax Financial Holdings Limited acquired a majority stake in IDBI Bank Limited in a deal valued near C$8 billion.
- Canadian delegates signed over 30 agreements valued at nearly C$300 million during a 300-delegate trade mission.
- Canadian pension funds and institutions have invested nearly C$107 billion in Indian sectors like infrastructure and technology.
- Both nations aim to expand total bilateral trade to C$70 billion by 2030.

## Questions and answers

### When will Canada and India finish trade agreement talks?

Canada and India aim to conclude negotiations for a Comprehensive Economic Partnership Agreement by the end of the year, with the next round of talks scheduled for the week of November 9 in India.

### How much is Fairfax Financial investing in IDBI Bank?

Fairfax Financial Holdings Limited acquired a majority stake in IDBI Bank Limited in a deal valued at nearly C$8 billion.

### What is the bilateral trade target for Canada and India?

Canada and India are seeking to more than double their bilateral trade to C$70 billion by 2030.