As most readers know, capital has become a lot more expensive for Canadian lenders.  Now it’s affecting secured credit lines.  We just heard from a major non-bank lender that they’re raising their interest rate to prime + 1% on their line of credit (LOC).  As far as we can remember, this lender has always offered LOCs at prime rate.  Hopefully rate premiums on credit lines don’t become a trend!  (If they do, it will probably/hopefully be a short-term trend.)