Montreal appears poised to return to the Formula One scene in 2010 after the sport’s commercial rights-holder Bernie Ecclestone stated that an agreement in principle has been reached for the Canadian Grand Prix.

Canadian government officials have conceded defeat in their efforts to have the country‘s grand prix reinstated to the 2009 Formula One calendar.

The future of the Canadian Grand Prix continues to hang in the balance.

The 2009 Canadian Grand Prix could be back on the Formula One calendar after government officials sought a meeting with Bernie Ecclestone.