Does a court have any authority to set interest rates on a personal injury claim?
Ontario, Canada
The following excerpt is from MacLeod v. Marshall, 2019 ONCA 842 (CanLII):
Similarly, this court in Cobb v. Long Estate, 2017 ONCA 717, 416 D.L.R. (4th) 222, at para. 86, held that: Interest rates fluctuate over time and it only makes sense that the interest rates set by the court should reflect these changes as well. The goal is to fairly compensate an injured party and to restore to him or her, so far as money is able to do, all that he or she has lost as a result of the injury – but neither too much, nor too little.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
How have the courts in Canada dealt with the issue of personal injury cases involving personal injury claims? (Ontario, Canada)
What is the appropriate rate of interest for prejudgment and postjudgment interest in a personal injury case? (Ontario, Canada)
How have courts dealt with the issue of personal injury claims? (Ontario, Canada)
What is the current state of the law on personal injury representation in personal injury cases? (Ontario, Canada)
What is the default position of a court on a settlement of a personal injury claim? (Ontario, Canada)
How have the courts treated the tort of breach of fiduciary duty in the context of a claim in a personal injury case? (Ontario, Canada)
Can a court order costs of the entire proceeding of a personal injury claim only from the date of a trial management conference going forward? (Ontario, Canada)
What are the consequences of a personal injury claim being awarded personally against a lawyer? (Ontario, Canada)
Is a motion to add as parties to a personal injury action for personal injury costs granted? (Ontario, Canada)
What is the legal test for disbursements of personal injury compensation in personal injury cases? (Ontario, Canada)
