The U.S. and Canada will open the delayed Gordie Howe International Bridge connecting Detroit to Windsor, Ontario, on July 27 after the Canadian government agreed to give the U.S. a share of the net toll profits, officials familiar with the matter said. The agreement ended a tense standoff between the two trading partners.Canada paid for the construction of a $4.5 billion bridge over the Detroit River after years of opposition from the owners of the existing Ambassador Bridge, who recently made a large donation to a political group associated with President Donald Trump.Under the deal, Canada will share equal to half of operating profits after operating expenses, and will funnel the proceeds directly into a U.S.-run regional development fund, officials said. Officials said the underlying text of the original deal – which was only between Canada and the state of Michigan – is not being changed.Under the original terms, Canada was set to collect bridge tolls until the bridge’s construction costs were recouped, after which the revenues would be divided equally.(Bloomberg)