For All The Daily News, Views, & Trending Stories, Download Flip News CA App Today!

Proposed Settlement Could See Tobacco Companies Pay Billions in Compensation

  • A proposed settlement could result in three major tobacco companies paying $25 billion to Canadian provinces and territories, compensating for smoking-related healthcare costs.
  • An additional $4 billion will go to Quebec class-action members and $2.5 billion to smokers diagnosed with cancer or other diseases between 2015 and 2019.
  • The deal is awaiting approval from creditors and the court.