CIBC increasing personal credit lines interest

[Canadian]

I have a personal line of credit with CIBC (I've had it for over 5 years), which I have never used. The other day I received a letter from CIBC notifying me that they are increasing the interest on the credit line by 1%. Not that I care, because I don't need the credit line, but I'm curious if this has happened to anybody else?

[bullish]

I also have a credit line with CIBC, but there haven't been any changes for a while.

[Canadian]

Anybody else, had their interest increased?

[trent]

I've stopped doing business with CIBC a long time ago.

[Canadian]

I've talked to a friend of mine on the weekend and the same thing happened to him. CIBC sent him a letter out of the blue stating that they increase the interest on the line of credit by 1%. I thought the interest rates were going down, not up. So much for that :).

[trent]

This will happen more and more as the credit crisis progresses. Or should I call it a savings crisis?