Is some damage sufficient for a cause of action to arise and a limitation period to start run?
Alberta, Canada
The following excerpt is from Simone v. Investor's Group Trust Co. Ltd., 2013 ABPC 322 (CanLII):
Furthermore, the case law is clear that “some damage’ is sufficient for a cause of action to arise and a limitation period to start to run. As stated in Peixeiro v. Haverman, 1997 CanLII 325 (SCC), [1997] 3 SCR 549: “[N]either the extent of damage nor the type of damage need be known. To hold otherwise would inject too much uncertainty into cases where the full scope of the damages may not be ascertained for an extended time beyond the general limitation period.”
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