"We've had a constructive meeting,” Setanta quotes Tremblay after the meeting. “We have a better understanding of the issues. We still have a lot of work to do, to evaluate all the options, but it is still possible to hold the Grand Prix in Montreal in 2009 and in subsequent years.”
The race, included on the provisional calendar, was dropped without explanation by the FIA in the schedule released earlier this month.
It has since emerged that race organizers owe a large sum of money to Ecclestone's Formula One Management (FOM).
It is now believed the Quebec government is willing to pay those debts.
The removal of Canada from the 2009 schedule left North America without a race.
The 2009 provisional schedule released in the summer proposed a record 19 races, but sans Canada and with he French Motorsports Federation cancelling the 2009 French Grand Prix, the schedule is down to 17 events.
Schumacher rates Hamilton
Lewis Hamilton has been taking a beating from his fellow drivers as of late, but one who is impressed with him is seven-times world champion Michael Schumacher.
"I really rate him very highly because I believe that what he has done in such a short time is incredible," Fox quotes Schumacher.
But Schumacher won't say if the Briton, who looks poised to take his first drivers crown, is better than ex-teammate Felipe Massa.
"I'm always a bit concerned if we talk about 'is he the best?', is he better than Massa or not," Schumacher explained. "You have to look at the circumstances, they are not always very clear to see from the outside I think."Don't miss the top stories of the day, subscribe to the SpeedRead Web newspaper now! -- Email SpeedRead -- Learn more about author C.D. Six