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Is Canada’s Grand Prix in jeopardy?

Montreal race comes under threat yet again…

Global News

MONTREAL – Ziggy Eichenbaum’s bar is a real draw on Crescent Street and he estimates a full third of his annual business comes from the week of the Canadian Grand Prix.

The Formula One race has been an economic boon for Montreal, with an economic impact of about $90 million a year. But recent stalled discussions have clouded the future of the race, whose contract is up next year.

“We’re worried about that,” he said. “We don’t know if the government of Quebec or Ottawa are going to say,  ‘well, it’s not bringing us anything, let’s bail out.'”

Both the provincial and federal governments say they’re trying to keep the race, and sign onto a contract that would keep it in Montreal through 2024. But federal officials indicated Wednesday they weren’t willing to put up any amount of money to keep the race.

“We will work with the promoter and…

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