The Canadian Grand Prix is staying on the Formula One calendar until at least 2035. Octane Racing Group — the Canadian GP promoter, which is owned by Bell — and various government officials announced a four-year contract extension with F1 on Tuesday.

McLaren driver Oscar Piastri of Australia leads teammate Lando Norris of the U.K. during the Formula One auto racing action at the Canadian Grand Prix in Montreal on Sunday. The Formula One contract has been extended for four years until 2035. Evan Buhler/The Canadian Press

The Formula 1 Canadian Grand Prix has officially been extended in Montreal until 2035. This announcement comes Tuesday morning after last weekend’s successful Grand Prix, a significant milestone for organizers following last year’s fiasco,