Ron Butler, a Canadian mortgage broker, raised concerns on his Twitter account about the sudden disappearance of personal lines of credit and home equity lines of credit (HELOCs) for many Canadians.
On March 19, 2026, Butler posted: “Line Of Credit DISAPPEARS! WTF Happened? Many Canadians are waking up to learn their Personal Line Of Credit vanished overnight, some saw there HELOC, the Line of Credit on their home disappear. Why? What happened? Likely the client did NOTHING wrong, maybe they never used https://t.co/KOmWpdcDoU”.
Later that day, he reiterated his message with a similar post: “Line Of Credit DISAPPEARS! WTF Happened? Many Canadians are waking up to learn their Personal Line Of Credit vanished overnight, some saw there HELOC, the Line of Credit on their home disappear. Why? What happened? Likely the client did NOTHING wrong, maybe they never used https://t.co/mOlW9qeoiK”.
On March 20, 2026, Butler shifted focus to government policy and its impact on financial decisions. He wrote: “Just how INCREDIBLY WRONG were the Trudeau Liberals? I don’t think they were purposefully evil, I know many think they were, I think at some point they had good intentions to manage Climate Change But when facts stacked up against them they doubled down on wrong thinking 3/”.
Canadian banks periodically review and may reduce or cancel unused credit lines as part of their risk management strategies. These measures can be triggered by changing economic conditions or shifts in borrowers’ financial profiles. The Trudeau government’s climate change policies have been subject to public debate and criticism regarding their effectiveness and impact on both the environment and economy.
