{"id":73419,"date":"2026-10-22T05:38:15","date_gmt":"2026-10-22T09:38:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/turkey-and-canada-strengthen-energy-ties-with-focus-on-nuclear-and-lng\/73419\/"},"modified":"2026-10-22T05:38:15","modified_gmt":"2026-10-22T09:38:15","slug":"turkey-and-canada-strengthen-energy-ties-with-focus-on-nuclear-and-lng","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/turkey-and-canada-strengthen-energy-ties-with-focus-on-nuclear-and-lng\/73419\/","title":{"rendered":"Turkey and Canada Strengthen Energy Ties with Focus on Nuclear and LNG"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Turkey and Canada are evaluating the deployment of CANDU nuclear reactor technology<\/strong> to expand Turkey&#39;s nuclear capacity, specifically targeting a planned plant on the Black Sea coast.<\/li>\n<li><strong>Turkish Energy Minister Alparslan Bayraktar and Canadian Energy Minister Tim Hodgson met<\/strong> to discuss a broad energy agenda including LNG trade, renewable energy investments, and mining.<\/li>\n<li><strong>Prime Minister Mark Carney is conducting a historic three-day bilateral visit to Turkey<\/strong>, the first of its kind, to meet with President Recep Tayyip Erdogan and diversify trade away from the United States.<\/li>\n<li><strong>Bilateral trade between the two nations has surged nearly 50% over the last five years<\/strong>, reaching approximately <strong>C$4.34 billion ($3.15 billion)<\/strong> as they move toward a potential free-trade agreement.<\/li>\n<\/ul>\n<p>Turkey and Canada have entered a new phase of strategic cooperation following high-level discussions in Ankara and Toronto. Turkish Energy Minister <strong>Alparslan Bayraktar<\/strong> confirmed that a primary focus of the talks is the feasibility of using Canada\u2019s <strong>CANDU<\/strong> nuclear reactor technology, owned by <strong>AtkinsR\u00e9alis<\/strong> (<a href=\"\/stock\/ATRL\">ATRL<\/a>), for Turkey\u2019s second or third nuclear power plants. This move comes as Turkey seeks to diversify its energy providers beyond Russia, which is currently constructing the country&#39;s first nuclear plant at Akkuyu.<\/p>\n<p>The energy dialogue extends beyond nuclear power to include <strong>liquefied natural gas (LNG)<\/strong> and <strong>critical minerals<\/strong>. Minister Bayraktar noted that Turkey is &quot;desperate for energy&quot; and views Canada as a reliable NATO partner for securing long-term LNG supplies and mining investments. A joint working group is expected to be established to formalize these efforts, particularly regarding the extraction of minerals essential for the global energy transition.<\/p>\n<p>Canadian Prime Minister <strong>Mark Carney\u2019s<\/strong> visit to meet President <strong>Recep Tayyip Erdogan<\/strong> on October 22, 2026, marks a significant diplomatic pivot for Ottawa. Amid trade tensions with the United States, Canada is aggressively seeking to strengthen ties with G20 partners. The two leaders are expected to sign a <strong>joint declaration<\/strong> deepening cooperation in defense, energy, and trade, while also advancing negotiations for a comprehensive free-trade agreement.<\/p>\n<p>Market analysts suggest that the partnership offers substantial opportunities for Canadian engineering and mining firms. <strong>AtkinsR\u00e9alis<\/strong> (<a href=\"\/stock\/ATRL\">ATRL<\/a>) stands to benefit from potential reactor orders, while Canadian mining companies are eyeing Turkey\u2019s untapped mineral wealth. <em>The shift toward Western energy technology is seen as a strategic move by Ankara to balance its geopolitical dependencies while meeting a 20,000 MW nuclear capacity goal by 2050.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Turkey and Canada are evaluating the deployment of CANDU nuclear reactor technology to expand Turkey&#39;s nuclear capacity, specifically 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