Ontario court approves historic $32.5B tobacco settlement

A smoker puts out a cigarette in a public ash tray in Ottawa on May 31, 2016. THE CANADIAN PRESS/Sean Kilpatrick

TORONTO - A historic deal that calls for three major tobacco companies to pay out billions in compensation to provinces and territories as well as former smokers across Canada has cleared its final legal hurdle in Ontario, bringing a decades-long court saga to a close.

Ontario Superior Court Chief Justice Geoffrey Morawetz approved the $32.5-billion plan in a ruling released Thursday, hailing the milestone as a "momentous achievement in Canadian restructuring history."

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