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Canadian Grand Prix: Montreal Extends Formula One Deal for 10 Years

Montreal:  The Canadian Grand Prix is staying in Montreal through 2024 after an agreement with the Formula One Group worth more than $200 million.The grand prix' future in Montreal was secured with the help of substantial governmental investment: $62 million from the federal government, $50 million from Quebec, $62 million from Tourisme Montreal, and at least $32 million from the City of Montreal.Montreal Mayor Denis Coderre was on hand at the racetrack on Ile Sainte-Helene for the announcement on Saturday, alongside ministers of infrastructure and transport from the provincial and federal governments.As a condition to the agreement's success, the City of Montreal also agreed to...
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