Mark Carney says agreement 'good deal for Canada'
Canadian Prime Minister Mark Carney has defended a new agreement with the United States regarding the Gordie Howe International Bridge. The deal adjusts toll revenue sharing and is expected to facilitate smoother cross-border trade between Windsor and Detroit.
Why it matters
The bridge is a vital piece of infrastructure for North American trade, and the agreement reflects complex geopolitical and economic negotiations.
Prime Minister Mark Carney is defending the deal brokered between Canada and the United States to open the delayed Gordie Howe International Bridge and insists the profits split with the Americans will be minimal.
“The word ‘net’ does a lot of work in this. We are sharing after Canada is paid back,” Carney said in an interview with CTV Calgary’s Tara Nelson at the Calgary Stampede on Sunday when asked about the agreement.
“We get the revenues. Then the servicing of the costs of the bridge and paying the debt of the bridge, and then what’s left over, there’s a split of that for 15 years,” he said.
“There’s not going to be a lot of net to split,” the prime minister later added.
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