TORONTO, March 6 /CNW/ - TD Canada Trust has lowered its mortgage rates,
effective March 7, 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%      -0.50%
        2-year closed                     5.00%      -0.75%
        3-year closed                     5.20%      -0.55%
        4-year closed                     5.44%      -0.25%
        5-year closed                     5.79%      N/C
        6-year closed                     6.40%      N/C
        7-year closed                     7.00%      N/C
        10-year closed                    7.35%      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