Ron Butler, a Canadian mortgage broker and commentator, posted a series of tweets on March 20, 2026, addressing issues in Canada’s energy policy and mortgage rate trends.
In his first tweet, Butler wrote: “Devoted to what’s now clearly a wildly overstated public choice of EVs
There is NO BUSINESS CASE to ship Liquid Natural Gas to Europe
Now in hindsight Canada experienced 10 years of Policy Failures on Energy
Total Failure: it’s undeniable & obvious
So what now?
5/” (March 20, 2026).
He continued by emphasizing the need for immediate action on pipeline construction: “Instead of signing MOUs & then doing NOTHING Pipelines should start construction immediately
Any objections raised by a few thousand people have to be managed firmly by Government
Multiple LNG Terminals must start construction
To fail to do this is to fail Canada” (March 20, 2026).
Later that day, Butler commented on mortgage rate dynamics: “Sweet Christ On A Cracker By Next Week Variable Rates Could Become VERY Popular
By the end of next week the spread between Fixed Rate Mortgages & Variable will balloon out to 65 to 85 BPS
Variable 3.35% to 3.55%
Fixed 3.99% to 4.39%
It’s going to be a tough call for Borrowers” (March 20, 2026).
Butler’s remarks reflect ongoing debates about Canada’s approach to energy infrastructure and recent volatility in mortgage rates. In recent years, Canada has faced challenges balancing its commitments to climate change goals with economic pressures from its natural resources sector. Public discourse continues over how best to manage opposition and regulatory delays affecting major energy projects such as pipelines and LNG terminals.
Mortgage markets in Canada have also seen fluctuations due to changing interest rates and global economic conditions. The spread between fixed and variable rates can influence borrower decisions, especially during periods of uncertainty.
