Canadian Grand Prix organisers announced on Monday they have reached a settlement with Formula One Administration that will mean the Montreal race will return to the calendar next year.
The Canadian event was absent from this year's schedule for the first time since 1987, meaning there were no races in North America.
However, negotiations to bring the race back had been ongoing and the GP was already listed on a provisional 2010 calendar with a June 6 date.
On Monday, organisers confirmed a deal that will see Montreal back next year.
"I am very happy, and fully satisfied, with this outcome," said Normand Legault, CEO of Grand Prix F1 du Canada. "I have always been confident of being able to resolve the dispute, given the in-depth understanding I have had to develop of the Formula 1 racing situation in Canada.
"And I am especially pleased that an announcement is forthcoming to the effect that the Canadian Grand Prix will be back on the FIA calendar as of 2010. I never doubted that the Canadian race would regain its rightful place on the FIA schedule, and my discussions with F1 management led me to believe that the event would return soon.
"The race is important not only for Formula 1, but also for the teams, manufacturers and sponsors. I am also happy for the Canadian Grand Prix's many fans, because they are true F1 enthusiasts who appreciate the real value of the spectacle and the competition."