The new agreement in principle on revenue sharing between Canada and the United States is a “good deal,” Prime Minister Mark Carney said on Thursday as a House of Commons committee is set to debate a request to probe the terms of the agreement.
That comes after the federal government earlier this week released the text of what it’s calling an agreement in principle with the United States for the Gordie Howe International Bridge, which outlines how revenues will be collected — and shared — for the bridge that was entirely financed by Canadian taxpayers.
Portions of it appear to contradict what Carney has said about how money will be split and how much the U.S. will get before Canadians are repaid for the debt of the bridge.
“The underlying agreement between Canada and Michigan remains in place,” Carney told reporters in Prince Edward Island where he was meeting with Canada’s premiers.
He added, however, that there would be some “sharing of proceeds with the United States” under a “parallel agreement.”
“This is a good deal. This is a good deal for Canadian businesses, workers. it’s a good deal for the future of our commerce,” he added.
This comes as the House of Commons government operations committee is set to meet regarding a request from opposition members to investigate the terms of the agreement.
“I’ve been informed by opposition members of the Government Operations committee that they are calling for an urgent investigation into the details of the Gordie Howe Bridge deal and the misinformation provided to Canadians about it,” Conservative MP and chair of the committee Kelly McCauley said on social media.
“As their Chair, I will convene a meeting on Wednesday, July 29 to allow the committee to get to the bottom of the matter.”
Carney had said last week that Canada will not share any tolls collected from the bridge until Canada’s $6.4-billion debt from building it is repaid, but he also said that “net revenues” will be split over 15 years.
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“Splitting of tolls, any sharing of the toll, won’t happen until all of the debt is repaid,” Carney told reporters on July 16.
However, the text of the agreement in principle states that Canada will make payments to the U.S. totalling 50 per cent of “net bridge and crossing related revenues” for 15 years, and doesn’t clearly define what counts as operating costs or make mention of Canada’s debt.
‘Intensifying’ trade talks
The confusion around the bridge agreement comes as Canadian officials said earlier this week they will not celebrate the planned opening with American counterparts amid the U.S. administration’s latest threats to impose 50 per cent tariffs on Canada.
Canada and the United States are “intensifying” trade talks amid those threats, Carney said.
“We are intensifying our negotiations with the United States in pursuit of a comprehensive agreement that addresses all tariff related sectors,” he said.
The “level of engagement and a breadth of engagement” in recent days “reflects the seriousness of the trade relationship and the breadth of the issues,” Carney said.
“There isn’t a series of little trade issues there, broad trade issues. All of them have to be part of a comprehensive agreement,” he added.
Trump’s impending tariffs are the latest in a “series of unilateral unwarranted trade actions,” Carney said in opening remarks ahead of his meeting with premiers.
“We’re clear Canadian governments around this table will do whatever it takes to defend and support our families our workers and our business,” Carney said.
Canada was also in a much stronger position than it was when the trade war began, he added.
“Let’s also be clear that we are in a stronger position than we were when this trade war started 18 months ago,” Carney said.
“We’re in a stronger position because of the determination of Canadians themselves and I will say this because of the focus of the premiers around this table,” he added.
The First Ministers Meeting comes just days after Trump signed orders to increase tariffs by 50 per cent on a variety of Canadian goods, ranging from hockey sticks to honey to cement.
The U.S. says the tariffs, to be applied Aug. 19, are in response to provincial bans on U.S. liquor, Canada’s supply-managed dairy system and quotas on certain U.S. vehicles.
The premiers say they’re united behind Carney and his negotiators as the federal government tries to de-escalate trade tensions and work on renewing the Canada-U.S.-Mexico Agreement, also known as CUSMA.
–with files from Global’s Ari Rabinovitch
A good deal where Canada scores net revenue. The other choice would have been to keep the bridge closed, costing us hundreds of millions in interest. Logically, a good financial decision.
Just do as your told Mark
If the Cons had gotten in they would have broken the dairy cartel and that alone would have been a great negotiating tactic. Reason being is that Quebec dairy farmers do not vote Conservative.
J54N i agree lol what a great idea
Carney calls the Gordie Howe bridge a “good deal” OMG the man is out to lunch and the US tyrant Trump is eating that lunch out from under Carney. Carney thinks that all Canadians are so engulfed in their TDS that he can say the most ridiculous things and get away with it. Only Liberals and those with less than two brain cells will believe that the “deal” is anything but extortion of a weak and pathetic Carney government.
cusma was not at the top of the agrement the us allowed freelond to sign. usmca weas at thge top. what do you think mexico calls it musca lol. at fgirst tyhe libs called it naft2.0 now cusma. we are led by liars and their media accomplices.
This guy will say anything except own up to his lies. And the media in this country barely holds him accountable.
Everyone is equal.
Free food and housing.
No guns.
Universal health care.
Same sex relationships.
ELBOWS UP!!!!
HAHAHAHAHHAHAHHAHHAHHA
I agree with Ken.The brilliance of Justin Trudeau could literally light the Earth.We could get rid of the Sun itself if our former P.M. launched himself into Space. Lets hope he reads this and put serious effort into making this a reality.
Mark Carney ,equally brilliant, has moved Canada into a position it has never encountered before, although praise must be offered to Sir Trudeau for initiating this redirection towards the Liberal Socialist Utopia we are currently experiencing at this time.
Well Done Your Lordship Carney, Price Trudeau and of course let’s not forget the Liberal Party and it’s supporters.
Well Done, All of You !!! Well Done !!!
It may be worth looking at how agreement sets the tolls for the bridge. I recall that tolls were originally set lower than those for the Ambassador Bridge. The owners of the Ambassador Bridge would anxiously want a competitive edge in terms of tolls, and it would be my guess that the agreement is worded to give them that.
I think we should all believe everything Mark Carney tells us I do, he’s an honest man just like his predecessor Justin Trudeau and look at all the great things these two people have accomplished :
Overcrowded Healthcare
Record homelessness
Worst economy in the G7
Rising unemployment
Never ending food bank lines
Canadian dollar on par with the peso
Millions of Undocumented migrants
Diminishing housing market
Record closure of businesses
And the best of all Canada’s Record debt $1.3 Trillion These achievements make me so proud !!!
J54N. Cut off the oil/gas/electricity? That will show him won’t it. Are you for real? I wonder what they could do back? Hmmm. Completely crush our economy. Fact check: The USA has not banned one product Canada sells into the USA. Not one. They have put on unjustified tariffs which taxes Americans, yes Americans not us. I just got back from Baltimore two days ago. Zero news coverage. Canada doesn’t matter to most Americans aside from a few border states. But even that is few and far between. Fact: Our interprovincial tariffs still not removed and yet we scream about the Orangeman tariffs. We at the bottom of all the development nations for economic growth for past 8 years . Why is that?
There’s gotta be a Brookfield angle somewhere in this “so-called deal”!
Revenue Sharing: For the first 15 fiscal years of operation, Canada will pay 50% of net, project-related revenues to the U.S..Net Revenue: Defined as total revenue minus operating costs.Control: Funds will be managed by a U.S. government-controlled entity
This is copied and pasted from the agreement as it was published
Carney is digging himself deeper in the lie just like Trudeau did
There will be no investigation
The LPC will simply block it like they always do
Can you imagine the outrage if PP had got caught lying???The CBC would stop the presses, CTV and Global would have special editions, the whole media and RCMP are in the Libs$$$ pocket ,like the 3rd world country this country is becoming.
Canadians knew twenty years ago to never trust a central banker, and yet, while under some serendipitous spell everyone suddenly became complacent and welcomed this devil in with open arms.
Elbows Up is a total failure and so is Carney
And we are to take Carney’s word for it that it’s a good deal right after he lied?
What we should do is work with China and have cheap products at the border and with are low dollar traffic will rise drastically and threaten most US border business. But no gut here.
So why is the trade deal not ¹null in void we can’t be paying tariffs in a trade deal. If so any future trade deals is not worth the time or efforts. Pound sand.
So glad I moved to the USA in 2018. The lifestyle is superior in every way. Trump doing right for America
Carney is a pathological liar.
If the deal is so amazing as per Elbows Up Carney why wasn’t he honest about it in the first place. His story doesn’t track.
Sorry you have been fact checked, and your 🤥
I cant afford your party’s hubris
“I’ve been informed by opposition members of the Government Operations committee that they are calling for an urgent investigation into the details of the Gordie Howe Bridge deal”
An investigation that will spend money to line lawyer’s pockets and result in nothing.
When all is said and done, more will be said than done!
I have an intense hatred of carno and his tarded swallowers
Canada is weaker because of now over 10 years of Liberal incompetence and corruption.
Oh, is this the guy that lied to the entire country and attempted to hide it?
Carney needs to go…and not JUST him…the party is sabotaging Canada for private gain and it’s blatant.
WITHOUT all 4 parties represented in Parliament they BELIEVE they are untouchable, and the corporations that monopolize our nation decide who is in power…NOT THE VOTING PUBLIC.
this IS criminal.
NO CONFIDENCE!!
Elbows up! We should not be allowing Trump the bully to dictate what we do by imposing tariffs. Cut off supplies like the hydro, oil etc and see what happens when there are black outs in the US. However the method we must stand up to Trump not bow down. Carney is in a very difficult position but has been doing his best to deal with as many countries as he can since Trump starting treating us so badly. Deals are being made with other countries which in the long run will be good for our economy and that of other countries who are suffering the same because of Trump.
So Mark …Time for less talk and way more action. Trump is totally off the rails and is rapidly circling down the drain with each passing day .The only way to deal with a deranged drooling bully is to take a stand and fight back .
Here is a suggestion, tell the drooling wad we have a deal called CUSMA already in place and honour it .
Then cut off the electricity to the 22 states we supply them with . Next stop all oil and potash shipments for a week . After that phone him up and tell him to eff off .
See how long it takes for some true negotiations to commence .
C’mon Prime Minister grow some stones !
Ottawa “will do whatever it takes” to support workers affected”
You can’t keep printing money forever giving money to workers. Our dollar will become worthless.
OMG Bad enough that Carney and Ford are alienating the USA and not actively engaging in negotiations. but also the premiers?
Canada is doomed.
@Jacko. Agreed, economic growth is not as strong as it should be. Respectfully however, this is with tariffs and with economic uncertainty which investors do not like. There is not much we can do about that without giving away the store to the USA.
@Ben – Double-digit growth of insignificant and minuscule is still insignificant and minuscule. And the statement, “Our trade with the USA is at its lowest levels in decades-67%”, doesn’t bolster your argument when considering the reality that Canada is thriving less than in previous decades.
Libby voters will suck and suck and suck, then suck some more
Someone asked what Carney has done. Foreign direct investment in canada is at its highest level since 2013. Our trade with non-US countries is up by double digits. Carney has increased spending on the military and increased recruitment, etc.
Carney is correct. Our trade with the rest of the world has gone up significantly. Our trade with the USA is at its lowest levels in decades-67%. Trade has grown by double digits to other countries.
Go over to CBC where they are defending his bridge deal, unbelievable
Please someone tell us all just what EXACTLY Carney has ACTUALLY achieved since becoming PM. NOT what you think he has achieved, because that is all untrue, but what you can back up with actual facts.
You will search and search and come up with little to nothing of any real substance that the empty suit has actually achieved. He talks a big game but his results are pathetic.
We have lost 50,000 manufacturing jobs. How are we in a better place
@lv, omg, are you serious? How exactly is Canada better off, and what exactly did you idol skidMark accomplish for the past two years (besides wasting millions on flying his ass around for a couple of MOUs and zero real deals)?
Yes, he’s a lying sack of excrement, misleading Canadians every time he makes another promise or statement. And we have every right to call him out on that!
Your saying you’d re-elect him again just shows how brain-dead you are, you pitiful fool.
Voter’s like you are the problem and an assurance Canada will never recover from the deep economic hole we’re in.
And, no, we don’t care for being “popular”. We care about being able to put food on the table for our families. MOUs don’t feed the bulldog.
The China and bridge deals where bad. I wonder when the details on the next trade fiasco drops. Personally, I think Carney wants to drop trade with the US and align with the more Socialist countries.
Naturally, Canada’s economy will continue to spin in.
To dexter rose….
Go join america ….you have no idea how ignorant you sound…
Carney is much smarter than people give him credit….he thinks…then acts. As for fatso down south, he does not think and reacts….
If we are in a better place why are food prices going up every month. Canadians have less disposable income than ever before. I thought nobody could be worse than Trudeau but I guess they can. Now it turns out that Canadians have been conned over the bridge deal
These premiers will wine and dine stay at a luxury hotel at the Canadian taxpayers expense and achieve nothing like always. Canada doesn’t need to be popular it needs trade deals and less tariffs.
@IW Is that you Mark Carney ?? Only you and your huge ego or someone with less brains than a puffer fish would have the gall to post something like that. What a loser !!!
Carney misled Canadians on the Gordy Howe bridge deal, he misled Canadians when he said he would get a deal with Trump within a month of becoming PM, now his Liberals are telling us we are in a stronger position on trade negotiations with the US. Let’s face it the Carney Liberals have misled Canadians for more than a year on many issues. They just can’t be trusted to be open and transparent, and most importantly, honest with Canadians.
Let’s ban U.S. junk food.
the double speak is icredible. we just got a deth blow and and now according to them we are better off. amazing lol
Lmao
I am sure his useful.idiots actually believe him as well
Maybe start by putting out the forest fires at home first?
@lw. LOL Carney is “increasing Canadas popularity”? Who care ls about that. We want prosperous and growth not “popularity”.
Nothing but slogans by Carney. All talk and no action.
Easy for PM and MPs to say. They suck the life out of Canadians and still get
Paid… were swirling around the bowl and he knows it. He just doesn’t care.
A pitiful person must have something detestable about them. I pity their misfortune and am angry at their lack of struggle. This is caused by Canada’s own systemic corruption. Whether there is Trump or not is only a matter of time.
As for the provincial governors getting together, they achieved nothing. The last time they got together, did they break down the barriers? Which barrier has been broken in two years? There is no substantial change at all. From top to bottom, saving expenses, eating less of the 130,000-yuan steak and getting less reimbursement for hotels is already making a contribution. As for the provincial governor’s ability, it’s just a joke!
NAZl TRUMP F*CK OFF
Canada,s Mr. Carney is the best thing for this country at this time, I would re-elect him in a second . Person,s speaking ill of him should do their homework before saying anything his negotiating abilities are amazing and are increasing our country,s popularity around the world. Thank you for your leadership.
lol. Is Carney going “Elbows Up”. What a total flop he has been Trump owns Canada. As an Albertan, I would prefer to be with the USA.
Canada needs to take over the states , get rid of the borders and give Trump the boot, take a vote
So much for being the “Trump Whisperer”, How’s your new world order working out now PM Carney? Did no one read Mark Carney’s resume? He nearly bankrupted the entire European union simultaneously, it will take them decades to recover from his harmful, divisive policies. He did this all whole enriching himself at taxpayers expense, he’s a con artist.