CO-Operators General Insurance Co. v. Sollio Groupe Coopératif

2020 SCC 41 [2020] 3 SCR 785 Court SCC Decision date 2020-12-07 Heard 2020-12-07 Docket 38938 English

PartiesCO-Operators General Insurance Company Appellant·Sollio Groupe Coopératif (formerly known as La Coop Fédérée) Respondents·National Bank of Canada Respondents·Canadian Bankers’ Association Intervener

Judges Wagner, Richard; Abella, Rosalie Silberman; Moldaver, Michael J.; Karakatsanis, Andromache; Côté, Suzanne; Brown, Russell; Rowe, Malcolm; Martin, Sheilah; Kasirer, Nicholas

Delivered by Unanimous — Kasirer J.

On appeal from Quebec

Contents

Unanimous Judgment Read By — Kasirer J.

Kasirer J. — We are all of the opinion that the appeal should be dismissed, essentially for the reasons given by the Court of Appeal, with costs to the respondents.

It should be made clear, however, having regard to para. 110 of the Court of Appeal’s reasons, that the result would not have been different had the account of the respondent La Coop Fédérée been in positive balance.