What is the "earnings approach" used by the Bank of Canada to determine whether a loss is quantified as a result of a loss?
British Columbia, Canada
The following excerpt is from Evans v Keill, 2018 BCSC 1651 (CanLII):
… The "earnings approach" will generally be more useful when the loss is easily measurable: Perren v. Lalari, 2010 BCCA 140 at para. 32. Where the loss "is not measurable in a pecuniary way", the "capital asset" approach is more appropriate: Perren at para. 12.
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