The appellant commenced an action in January 2012 claiming negligence, misrepresentation, breach of fiduciary duty, and deceit relating to an investment and loan arranged in June 2008.
The motion judge granted summary judgment dismissing the claim as statute-barred under the Limitations Act, 2002.
The appellant argued she was unaware of her right to sue until receiving letters from the Mutual Fund Dealers Association of Canada in 2011.
The Court of Appeal upheld the motion judge's finding that the appellant knew the material facts of her claim by May 2009 at the latest, and that a lack of appreciation of the legal significance of those facts does not toll the limitation period.
The appeal was dismissed with no costs.