F1 to resume in Montreal after accord

MONTREAL -- Formula One is set to return to Montreal next year.

The sport's governing body and Grand Prix F1 du Canada Inc. have settled a financial dispute that began last fall and led to the cancellation of the 2009 Canadian Grand Prix.

Local promoter Normand Legault says an announcement that Montreal is back on the F1 schedule is "forthcoming." He says he has no plans to be involved in staging future editions of the race.