The Globe and Mail reports in its Wednesday edition that Prime Minister Mark Carney is minimizing the toll profits Canada will share with the U.S. for the Gordie Howe International Bridge deal.
The Globe's Steven Chase writes that the bridge is set to open on July 27 after uncertainty due to a threat from President Donald Trump to block it. A new agreement with Washington seems to meet Mr. Trump's demands for a better deal.
In the new agreement announced last week, Canada will share toll profits with the United States for the next decade and a half. Mr. Trump calls this a "MUCH BETTER DEAL for America."
According to Ottawa, for 15 years Canada will send 50 per cent of the profits from tolls to an economic development fund for the apparent benefit of the U.S.
Mr. Carney, however, in remarks Sunday, sought to minimize these distributions. He noted the profits shared with the U.S. would be the net profits after various costs, including debt repayment. Asked if Canada intends to release a copy of this new deal, PM spokesman Audrey Champoux did not directly answer the question. She instead provided a statement saying last week's deal was an "agreement in principle" to open the Gordie Howe International Bridge on July 27."
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