Canada · BoC decision Oct 28
What will the next Bank of Canada hike cost you?
Enter your numbers and see the hike in dollars per day, month and year. It runs in your browser, and nothing you type is uploaded or tracked.
Policy rate 2.25% · big-bank prime 4.45% (checked Oct 24, 2026)
1 · Pick a hike size
2 · Your variable-rate mortgage
Fixed-rate debts and credit cards don't change with a hike, so leave them out.
Your hike, in dollars
A +0.25% hike adds about
in extra interest on your prime-linked debts
- Variable mortgage+$0/yr
- HELOC / line of credit+$0/yr
- Other prime-linked debt+$0/yr
- Mortgage payment (if your payment adjusts)—
- HISA savings gain (before tax)+$0/yr
- Net cost after savings$0/yr
Mortgage payment uses Canadian semi-annual compounding over your remaining amortization. Many variable mortgages keep the payment fixed instead, so more of each payment goes to interest.
Go deeper
Rate Hike Survival Kit
Every debt on one sheet, fixed vs variable break-even, a GIC ladder planner and 10 moves to soften the hit. Works in Excel, Google Sheets and Numbers.
General information, not financial advice. Estimates assume the full hike passes through to prime and to your HISA rate, and show year-one interest on today's balances. Check your lender's terms before acting.
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