Court of Appeal for Ontario

Citation: CIBC Mortgages Inc., 2007 ONCA 287

Date: 20070419

Docket: C45442

Judges: MACPHERSON, MACFARLAND and LAFORME JJ.A.

Between:

CREDIT SECURITY INSURANCE AGENCY INC.

Applicant (Respondent)

and

CIBC MORTGAGES INC.

Respondent (Appellant)

Counsel:

Mary Jane Stitt, for the appellant

Charles F. Scott and M. Paul Michell, for the respondent

Heard: April 4, 2007

On appeal from the judgment of Justice Ruth E. Mesbur of the Superior Court of Justice dated April 25, 2006.

APPEAL BOOK ENDORSEMENT

[1] The termination clause of this agreement is crystal clear. Justice Mesbur’s analysis is, in our view, entirely sound in every respect on all issues. We agree with her analysis and conclusion.

[2] The appeal is dismissed. Costs to the respondent fixed at $15,000 inclusive of disbursements and GST.