Is there an entitlement to compound interest where the contract uses the language "compounded monthly" or "calculated monthly"?

British Columbia, Canada


The following excerpt is from Laidar Holdings Ltd. v Lindt & Sprungli (Canada) Inc., 2019 BCSC 83 (CanLII):

An entitlement to compound interest has been found where the contract uses the language “compounded monthly” or “calculated monthly”: Dyson Estate v. Moser, 2002 BCSC 1486.

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