Bridge Deal Sparks Cross-Border Tension | Calgary News

The Gordie Howe International Bridge, set to open July 27th, is sparking a heated financial debate between Canada and the U.S. U.S. Commerce Secretary Howard Lutnick called it “The Art of the Deal,” claiming the U.S. will get 50% of net revenues until 2041 and veto power over tolls. But Canadian Prime Minister Mark Carney countered that Canada paid the full $6.4 billion upfront, and tolls won’t be split until the debt is repaid — possibly years later, when net revenues might even be negative. Conservative leader Pierre Poilievre slammed Carney for contradictions, noting the original agreement assumed Canada would collect all tolls until costs were covered. Complicating matters, a U.S. official revealed loan interest and depreciation won’t count toward revenue, potentially boosting U.S. share. With the actual deal still under wraps, the U.S. reportedly holds veto power over any toll changes over 10%. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e8a3dc8d098ab427