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22nd October 2008

A delegation comprising members of the Canadian Quebec government and the Mayor of the city of Montreal are to meet in the UK with Formula One impresario Bernie Ecclestone to discuss the future of the F1 Canadian Grand Prix which has been dropped from the 2009 F1 calendar.

The race is understood to have been cancelled due to a disagreement over the financial details of the contract to stage the event.

A report in the Canadian National Post newspaper quotes Quebec economic development minister Raymond Bachand as saying, "If we are able to reasonably and responsibly save this event, we will do it. We are not wasting our time in going there.

"The Grand Prix is a big event, it's the biggest tourism event, but how much does it bring in concretely, not only in spinoffs but in cash in our pockets as citizens, as taxpayers?

"How much cash does this really bring in the treasury for citizens? If the conditions are financially responsible we'll save this event. If they're totally unreasonable we're in trouble."

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