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Or sign-in if you have an account.The Gordie Howe International Bridge in Windsor is set to open July 27. Photo by Dan Janisse/PostmediaThe United States and Canada will open the delayed Gordie Howe International Bridge connecting Detroit with Windsor, Ont., on July 27, after the Canadian government agreed to give the U.S. a share of net toll profits, according to officials familiar with the matter.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe deal ends a tense standoff between the two trading partners. Canada paid for construction of the $6.4 billion bridge over the Detroit River after years of opposition from the owners of the existing Ambassador Bridge, who made a major donation recently to a political group aligned with President Donald Trump.Under the deal, Canada will share the equivalent of half of operating profits, after operational expenses, and direct proceeds to a U.S.-run regional development fund, the officials said, speaking on condition of anonymity to detail the agreement. The underlying text of the original deal — which was between Canada and the State of Michigan only — is not being changed, the officials said.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try again“The Windsor-Detroit Bridge Authority will also work collaboratively with the government of the United States on toll-rate adjustments, seeking concurrence for certain non-market related toll changes,” Canada said in a news release, without offering additional details.The release said the agreement includes the creation of a “15-year economic development fund tied to a portion of profits from bridge operations.” The U.S. will control that fund, according to an American official.Under the original terms, Canada was set to collect the bridge tolls until its construction costs were recouped, after which the revenues would be split evenly. Michigan and Canada are to share ownership of the structure. That deal is not being amended, but the Canadians are agreeing to effectively strike a side-deal with the Americans to reallocate some of the initial toll revenue, some of the officials said.While the Canadian government’s announcement did not specify several details, the arrangement described by officials suggests that Michigan and Canada will still split toll revenue once the cost of the bridge is recouped and that the side-deal announced Friday does not affect Michigan’s eventual share.Trump said the new agreement marked “a much better deal for America” in a post on Truth Social, adding that as a result the bridge would open on July 27.An initial plan to open the bridge in June was postponed after an intervention by U.S. Commerce Secretary Howard Lutnick, who pressed to renegotiate the deal for a larger share of toll revenue.The U.S. must also approve some changes in toll charges that are greater than 10 per cent, some of the officials said. The agreement emerged after two weeks of intense talks between U.S. and Canadian officials.Earlier, Michigan Governor Gretchen Whitmer’s office confirmed a deal had been finalized.“The Gordie Howe International Bridge has always been a great deal for our state,” Whitmer said in a statement Friday. “I’m proud to have fought for its opening and congratulate my partners who have worked on this issue alongside me for years.”Mike Rogers, the Republican candidate for a U.S. Senate seat in Michigan, said in a social media post that he’d spoken with Lutnick and the bridge would be open “soon.” The state’s Senate race is one of the foremost pickup opportunities for Republicans this cycle.Lutnick considers the bridge a separate matter from ongoing trade discussions. President Trump decided against renewing the Canada-U.S.-Mexico Agreement on trade, preferring instead to trigger a process that will lead to annual reviews on its terms.— With assistance from Catherine Lucey. 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