TORONTO — A historic proposal that would see three major tobacco companies pay out billions to provinces and territories as well as former smokers across Canada is set to face its final test over the coming weeks.

The proposed $32.5-billion settlement between the companies — JTI-Macdonald Corp., Rothmans, Benson &amp; Hedges and Imperial Tobacco Canada Ltd. — and their creditors received unanimous support from those creditors in a vote last month and must now obtain the court’s approval.

Starting Wednesday, the companies and other parties will have the chance to formally voice their concerns or objections over the proposal.{ai:summary}<p>A proposed $32.5 billion settlement involving three major tobacco companies aims to compensate provinces, territories, and former smokers in Canada. The settlement has received unanimous support from creditors and is now awaiting court approval. </p><p>#society</p>

Proposed $32.5B tobacco settlement faces final hurdle in series of hearings

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