Canadian Grand Prix signs Formula One contract extension through 2035 | CBC Sports

The Canadian Grand Prix in Montreal faces uncertainty beyond 2029, with promoters wanting to renegotiate their contract citing financial challenges post-pandemic. Event promoter Jean-Philippe Paradis emphasizes Montreal’s historical significance in F1 racing and its substantial economic contributions, drawing $63 million in tourism and being a major global event. Provincial Minister Pierre Fitzgibbon acknowledges the race’s economic impact, urging a focus on long-term viability. The Grand Prix’s future involves balancing financial sustainability while preserving Montreal’s racing heritage. Discussions are ongoing among F1, governments, and stakeholders to ensure the race continues to thrive beyond the current agreement.