Mark Carney Announces Gordie Howe Bridge Opening Amid Revenue Dispute

Mark Carney announced that the Gordie Howe International Bridge will open on July 27 following a deal with the United States. The announcement has sparked political controversy over the financial terms of the project, specifically regarding how toll revenues will be distributed between the two nations.

Carney stated that Canada will share profits only after debt-service costs are covered. However, a senior government source indicated that net revenue, calculated after operating costs, will be split with the U.S. for the first 15 years. Under this arrangement, half of the net revenue will fund a local economic development project in the U.S., while Canada retains the other half to recoup its $6.4 billion construction cost.

Conservative Leader Pierre Poilievre accused the Prime Minister of providing contradictory statements and demanded the release of the full agreement. The Canadian government maintains that the new parallel agreement does not alter the original 2012 pact with Michigan, which ensures Canada recovers its construction costs before sharing tolls.