Official announcements from Canadian provincial governments or financial reports

Tobacco Giants to Pay $32.5B in Landmark Canadian Settlement

Oct 17, 2024, 11:14 PM

Tobacco giants have proposed a historic settlement plan to pay out $32.5 billion to Canadian provinces and smokers. The companies filed a proposed plan of arrangement in an Ontario court on Thursday after more than five years of negotiations with their creditors. This landmark settlement aims to resolve longstanding legal disputes over health-related claims.