TORONTO, March 18 /CNW/ - TD Canada Trust has lowered its mortgage rates,
effective March 19, 2009.

    The changes are as follows:

    Fixed Rates                       To:        Change:
    -----------
    6-month convertible               5.20%      N/C
    1-year open                       7.45%      N/C
    1-year closed                     4.50%      N/C
    2-year closed                     5.00%      N/C
    3-year closed                     5.20%      N/C
    4-year closed                     5.44%      N/C
    5-year closed                     5.55%      -0.24%
    6-year closed                     6.40%      N/C
    7-year closed                     6.80%      N/C
    10-year closed                    6.80%      N/C

    Variable Rates               To:
    --------------
    VIRM Closed                  TD Mortgage Prime + 0.80%
    VIRM Open                    TD Mortgage Prime + 1.00%

For further information: Kelly Hechler, Media Relations, Corporate and
Public Affairs, TD Bank Financial Group, (416) 982-2469