The appellant appealed a trial judgment awarding pre- and post-judgment interest at a compounded rate of 5.59% semi-annually for breach of contract.
The Court of Appeal dismissed the appeal, finding that the trial judge's conclusion that the appellant knew the funds would be reinvested to earn a compound return was supported by the evidence.
The court affirmed that compound interest is an appropriate measure of damages where the parties knew or should have known the disputed money would bear compound interest.
