Latest / Calgary News Today | 2 Min News | The Daily News Now!
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…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.