Morning Update: Michael Spavor reaches multimillion-dollar settlement with Ottawa for Chinese imprisonment

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Source says deal, which comes after confidential negotiations, is worth $6-million

The mediated settlement came after Spavor threatened to sue Ottawa and fellow prisoner Michael Kovrig, alleging he was arrested by China because of information that he unwittingly shared with Kovrig. That information, he alleged, was later passed on to the Canadian government and its Five Eyes intelligence partners in the course of Kovrig’s duties as a diplomat with Global Affairs Canada’s Global Security Reporting Program.

A statement from Spavor’s lawyer confirms a settlement has been concluded but he offered no further details. A source said the settlement is worth about $6-million, not including legal fees and expenses.This is the daily Morning Update newsletter.

Dodig has been in the top seat for a decade, which is the typical tenure for a Canadian bank CEO, but the banker has no plans to retire any time soon, saying he’ll be around to help the next leadership team.The olive-green Ukrainian vehicle equipped with a Grad launcher sat on the road west of Avdiivka, a city recently captured by Russian forces, with only 17 rockets loaded in it. A fully loaded one can fire 40 rockets in quick succession.

This is the situation many Ukrainian soldiers on the front lines find themselves in now. As Kyiv urges Western nations to send more military aid, Russian forces move further into Ukrainian territory and Ukraine’s troops havedeaths of six people including two adults and four children found in a home in the city’s Barrhaven area. Police say one person has been arrested and there is no ongoing threat to public safety. Identities of the deceased have not been confirmed. An update by police with more details is expected later today.for the fifth straight time yesterday, in a decision that offered few hints about the timing of future rate cuts.

 

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