The Canadian Grand Prix has signed a new deal to remain on the Formula 1 calendar until 2029 organisers have confirmed.

The circuit, which has staged the grand prix since 1978, extended its existing contract which ran until 2024 by a further five years.

The news comes just a few days after Sochi also announced a renewed deal to host the Russian Grand Prix until 2025.

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Canada had been placed as provisional on this year’s calendar due to former F1 CEO Bernie Ecclestone’s demands for an update in facilities, but eventually confirmed it would host F1 in 2017.

In light of Liberty Media’s takeover of the sport, an agreement was reached to sign a new deal with the Canadian Grand Prix organisers.

As part of the deal, an upgrade on the paddock and garage buildings has been put in place which is aimed to be completed by 2019.

The recent appointment by Williams of Canadian driver Lance Stroll has been rumoured to have increased ticket sales with promoters stating there has been a ‘tremendous amount of interest’ for this year’s race.