What is the limitation period for an action brought by a former employee of a bank?
New Brunswick, Canada
The following excerpt is from Cousins v. McColl-Frontenac Inc., 2006 NBQB 255 (CanLII):
11. This action was commenced on October 29, 1999. The limitation period for this action was six years. The general rule about the commencement of limitation periods is stated in Central Trust v. Rafuse, 1986 CanLII 29 (SCC), [1986] 2 S.C.R. 147 at p. 224: “ ... a cause of action arises for the purposes of a limitation period when the material facts on which it is based have been discovered or ought to have been discovered by the plaintiff by the exercise of reasonable diligence …”.
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