From F1 Live:
Canadian close to F1's governing body has scotched hopes that the decision to axe the Montreal race may not be final.
Bernie Ecclestone is well known for using tough tactics in negotiations with F1 venues, but this is not an example of the 77-year-old supremo hatching a ploy, according to Roger Peart.
"It was voted on by the FIA and that's really the end of it," said Peart, President of the FIA's circuits commission. "It's a done deal," he told The Gazette newspaper.
"It's sad news for Montreal, it's sad for racing in Canada, and I don't think anyone can do anything about it."
It is believed the reason for the split is contractual, despite an agreement to stage the race at the Circuit Gilles Villeneuve through 2011. Peart suggested that the reason for the situation is commercial.
"I'm surprised but not completely," he said. "Not completely because the commercial side of the sport is moving on to more glamorous venues.
"I don't mean the city of Montreal as far as that, but the facilities themselves. Some (facilities) like Montreal are not world leaders anymore, so it's a purely commercial matter, unfortunately."
Ecclestone later confirmed that a "contract problem" spelled the end for the event. The English language Montreal radio station CJAD, however, said the F1 Chief Executive would not give further details.
The 77-year-old Briton expressed his desire to see his sport return to North America in the future, but insists that the Circuit Gilles Villeneuve has 'for sure' lost the race for 2009.
E.A, Source: GMM
© CAPSIS International
If the venue was not paying their fees, then, I suppose, Ecclestone was in his rights to cancel the Grand Prix for next year. That said, it's disappointing that he axed the race so quickly. Perhaps a solution could have been found if the track, Canadian government etc. were aware of bad the situation had become. There was a chance that this great Grand Prix could still have been on the calendar next season, but Ecclestone and the FIA did all that they could to make sure that it would not be going ahead. 
A lot of people are talking about Bernie helping the circuit out in the past by keeping their costs lower and allowing them to get away with facilities that weren't as good as other tracks and, indeed, the issues with the track itself.
Well, he could contacted the powers-that-be at the circuit and told them that unless they stumped up the cash, the race will be canceled. If he had done that, there's a chance the race would have been saved. Simply pulling the plug on the Grand Prix meant there was no chance of this.

Ayrton Senna: WDC 1988,
1989, 1990, 1991
McLaren: WCC 1974, 1984, 1985, 1988, 1989, 1990, 1991, 1998,
1999, 2007McLaren: WDC 1974, 1976, 1984, 1985, 1986, 1988, 1989, 1990, 1991, 1998, 1999, 2008