India, Aug. 27 -- India and Canada formally launched their inaugural Economic and Financial Dialogue in Toronto on Thursday as Finance Minister Nirmala Sitharaman said that in a time of global uncertainties, the two countries could work together to bring predictability to global growth.

The Dialogue took place between Sitharaman and her Canadian counterpart Francois-Philippe Champagne.

Canada is going through tariff turmoil amid a trade war with its southern neighbour, the United States. And Prime Minister Mark Carney has focused on diversifying Canada's trade basket to mitigate the reliance on America. In his opening remarks as the Dialogue commenced, Champagne said, "Canada has been saying we're going to be strong at home and diversif...