Court sets prejudgment interest rate, citing plaintiff’s and insurer’s investment returns

By Karunjit Singh (August 16, 2024, 4:03 PM EDT) -- The Ontario Court of Appeal has set prejudgment interest on non-pecuniary and past pecuniary damages in a personal injury case to 8.46 per cent, replacing the statutory five per cent rate, after considering a plaintiff’s investment returns during the relevant period....