TD Canada Trust's prime rate is 4.60% in 2026. Like every major Canadian lender, TD Canada Trust sets its prime off the Bank of Canada's policy rate (currently 2.25%) — so your variable mortgage and HELOC move with it. Compare all lenders on the prime rate by bank page.
TD Canada Trust's prime rate is 4.60% in 2026. Like every major Canadian lender, TD Canada Trust sets prime at the Bank of Canada's overnight rate (2.25%) plus about 2.2 points, so it moves within days of each rate decision and prices your variable mortgage and HELOC.
TD is the one major exception in Canada: for variable-rate mortgages it uses a "TD Mortgage Prime Rate" that sits slightly above the common prime (4.60%% vs 4.45%%). For most other products TD uses the standard prime. Always confirm which rate applies to your product.
A variable-rate mortgage or HELOC with TD Canada Trust is quoted as prime minus a discount (e.g. prime − 0.90%). The discount is locked for your term, but the prime part floats — so a Bank of Canada move changes your payment or how fast you pay down principal. Track the live rate and the next decision.
4.60% in 2026.
At roughly the Bank of Canada overnight rate (2.25%) plus ~2.2 points, so it moves with the Bank's decisions.