Carney Clarifies Bridge Revenue Deal | Calgary News

Prime Minister Mark Carney admits he could’ve clarified the Gordie Howe Bridge toll revenue deal with the U.S. better—especially while sporting a cowboy hat at the Calgary Stampede. The new agreement, unveiled this week, means Canada won’t count debt servicing costs as operating expenses before splitting net revenues 50-50 with the U.S. for 15 years. This contradicts Carney’s earlier July 12th explanation. The bridge, built to ease congestion since 2018, originally had a 2012 deal where Canada kept all tolls until debt—including interest—was paid off, then shared revenues. U.S. President Trump blocked the bridge’s opening in 2023, citing unfairness—widely believed to stem from lobbying by Ambassador Bridge owners. Carney reaffirmed the original 2012 deal still holds, and tolls won’t be split until debt is fully repaid. Ontario Premier Doug Ford praised Carney’s handling, calling the bridge vital for cross-border trade, while some opposition MPs demand an investigation into the prime minister’s conflicting statements. The bridge opens to traffic Monday, July 27th. 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/12c2384754e568d2