TORONTO, May 22 /CNW/ - TD Canada Trust has changed its mortgage rates,
effective May 22, 2008. The changes are as follows:

    Fixed Rates                               To:            Change:
    -----------

    6-month convertible                       6.20%          N/C
    1-year open                               8.30%          -0.80
    1-year closed                             6.15%          -0.80
    2-year closed                             6.15%          -0.85
    3-year closed                             6.15%          -0.85
    4-year closed                             6.59%          -0.26
    5-year closed                             6.65%          -0.34
    6-year closed                             7.05%          -0.20
    7-year closed                             7.40%          N/C
    10-year closed                            7.75%          N/C

    Special Offers
    --------------

    Closed Variable Interest Rate Mortgage    4.25%          N/C
    Five year Fixed Rate (Closed)             5.59%          -0.34

For further information: Dave Fallon, A.V.P., Real Estate Secured
Lending, TD Canada Trust, (416) 308-9330