Following a jury trial in a personal injury action arising from a golf cart accident, the court addressed the narrow post-verdict issue of the applicable pre-judgment interest rate on past pecuniary damages.
The defendant sought a reduction from the statutory 3.3% rate to 1.3% under s. 130(1) of the Courts of Justice Act, relying on lower prevailing rates, the timing of the income loss, severance-related income continuation, and alleged delay.
The court held that the rate fluctuations were not sufficiently marked to justify departure from the statutory regime, declined to speculate about the jury’s calculation of past income loss, and found no egregious delay by either side.
The statutory rate remained applicable.