TORONTO, Jan. 20 /CNW/ - TD Canada Trust has lowered its mortgage rates,
effective January 21, 2009.
    "At TD Canada Trust, we know that, even during a financial downturn,
owning a home is extremely important to Canadians. With our new rate
reductions and special offers, as well as a variety of options at competitive
prices, we are supporting what's important to our customers and, hopefully,
making things a little easier for them in a tough environment," said Joan Dal
Bianco, Vice President, Real Estate Secured Lending, TD Canada Trust.

    The changes are as follows:

    Fixed Rates                      To:       Change:
    -----------
    6-month convertible              5.20%     -0.70%
    1-year open                      7.45%     -1.10%
    1-year closed                    5.00%     -0.60%
    2-year closed                    5.75%     -0.50%
    3-year closed                    5.75%     -0.50%
    4-year closed                    5.69%     -0.40%
    5-year closed                    5.79%     -0.96%
    6-year closed                    6.40%     -0.60%
    7-year closed                    7.00%     -0.20%
    10-year closed                   7.35%     -0.20%

    Special Offers
    --------------
    One year Fixed Rate (Closed)     4.00%     N/A
    Four year Fixed Rate (Closed)    4.39%     N/A
    Five year Fixed Rate (Closed)    4.49%     -1.10%

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

For further information: please contact td.capa@td.com