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First order of business this morning at Stampede: pancakes.

The Gordie Howe International Bridge opens on July 27, and here's the reality behind the agreement. This bridge is much more than a new crossing. It will strengthen the busiest trade corridor in North America, support billions of dollars in economic activity, improve supply chains, and create new opportunities for businesses, commuters, and communities on both sides of the border for decades to come. There has been some confusion about the agreement, so here are the facts. Canada is not sharing toll revenue with the United States. Canada will continue to collect 100% of the bridge's toll revenue, just as originally agreed. The new agreement establishes a 15-year economic development fund tied to 50% of future net profits, not revenues. Those profits will only exist after operating costs are covered and will depend on the bridge's success. If and when profits are generated, they will be reinvested into transportation, border infrastructure, and economic development projects that help increase trade and keep the Windsor-Detroit corridor moving efficiently. The agreement also includes a cooperative approach to toll governance that promotes transparency and helps keep the bridge affordable while supporting long-term economic growth. The bottom line is simple. Canada keeps the toll revenue. A portion of future net profits will be reinvested to strengthen the corridor. The more successful the bridge becomes, the greater the benefits for Canadians, Americans, businesses, and local communities. On July 27, Canada opens more than a bridge. We open the door to stronger trade, better infrastructure, and shared economic prosperity.