TORONTO, March 13 /CNW/ - TD Canada Trust has lowered its mortgage rates,
effective March 14, 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               5.79%          N/C
    6-year closed               6.40%          N/C
    7-year closed               6.80%          -0.20%
    10-year closed              6.80%          -0.55%


    Special Offers
    --------------
    1-year Special Closed       3.50%          N/C
    4-year Special Closed       4.39%          N/C
    5-year Special Closed       4.49%          N/C
    10-year Special Closed      5.25%


    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