Canada-US Bridge Pact Omits Canada’s Debt Costs, Document Shows

Canada and the US agreed to split the profit from a new bridge between Ontario and Michigan for 15 years — with no provision to cover Canada’s debt-service costs on the project, according to a copy of the pact seen by Bloomberg News.

The agreement in principle covering the Gordie Howe International Bridge appears to contradict earlier public remarks from Prime Minister Mark Carney. And it shows what Canada conceded to get the President Donald Trump’s administration to stop blocking the 1.5-mile bridge over the Detroit River.

When asked Thursday about the deal he struck with the US government to allow the bridge to open, Carney created some confusion with his answer by bouncing between the original pact between Canada and the state of
Michigan and the new side deal with Trump. ---More...

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