Market Chatter: US, Canada Agree to Open Gordie Howe Bridge by End of July

MT Newswires Live07:03

The US and Canada have agreed to open the delayed Gordie Howe International Bridge connecting Detroit with Windsor, Ontario, by the end of July, following concessions made by Canada, Bloomberg reported Friday, citing Michigan Governor Gretchen Whitmer's office and people familiar with the matter.

The agreement ends a standoff between the two countries after an earlier plan to open the bridge in June was postponed following an intervention by Commerce Secretary Howard Lutnick, who had pushed to renegotiate for a larger share of toll revenue, according to the report.

The White House did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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