What is the current state of the law on interest and loss?
Alberta, Canada
The following excerpt is from Calmont Leasing Ltd. v. Kredl, 1993 CanLII 7118 (AB QB):
Calmont suggests that I could either direct a new calculation, or make an estimate of damages. It relies on Penvidic v. International Nickel Co., 1975 CanLII 6 (SCC), [1976] 1 S.C.R. 267, in which Spence J. approved of the court estimating damages where there is difficulty in assessing the loss, and that it is not necessary that there be an absolute measure of damages in each case. However, because of the complexity of the calculation and because damages are in the form of compensation, I prefer to direct a new calculation. Interest as damages
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