Evening Update: Michael Spavor reaches multimillion-dollar settlement with Ottawa; Bank of Canada holds interest rate steady

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Evening Update: Michael Spavor reaches multimillion-dollar settlement with Ottawa; Bank of Canada holds interest rate steady
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Also: More small towns in Canada will have a say in immigrant selection, and Gaza ceasefire talks remain at an impasse

The federal government has reached a multimillion-dollar settlement with Michael Spavor to compensate him for the nearly three years he was incarcerated under harsh conditions in Chinese prisons.

This is the daily Evening Update newsletter. If you’re reading this on the web, or it was sent to you as a forward, you can sign up for Evening Update and more than 20 more Globe newslettersThe Bank of Canada held the policy interest rate steady today at 5 per cent for the fifth time in a row, and offered few hints about the timing of potential future cuts.

More small towns will be able to choose newcomers to settle in their communities under a pilot project to be made permanent by Immigration Minister Marc Miller. Just yesterday, U.S. President Joe Biden urged Hamas to accept the terms of the offer, saying it’s in the hands of the militant group now. While Hamas has pledged to continue with the talks, officials in the group said“We are showing the required flexibility in order to reach a comprehensive cessation of aggression against our people, but the occupation is still evading the entitlements of this agreement,” Hamas said in a statement.

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