TORONTO, Dec. 10 /CNW/ - TD Canada Trust has lowered its mortgage rates,
effective December 11, 2008.

    The changes are as follows:

    Fixed Rates                      To:      Change:
    -----------
    6-month convertible              5.90%    -0.20%
    1-year open                      8.55%    N/C
    1-year closed                    5.60%    N/C
    2-year closed                    6.25%    -0.20%
    3-year closed                    6.25%    -0.20%
    4-year closed                    6.09%    -0.20%
    5-year closed                    6.75%    -0.20%
    6-year closed                    7.00%    -0.20%
    7-year closed                    7.20%    -0.20%
    10-year closed                   7.55%    -0.20%

    Special Offers
    --------------
    Five year Fixed Rate (Closed)    5.59%    -0.20%

    Variable Rates                   To:
    --------------
    VIRM Closed                      TD Mortgage Prime + 0.60%
    VIRM Open                        TD Mortgage Prime + 0.85%

For further information: Joan Dal Bianco, VP, Real Estate Secured
Lending, TD Canada Trust, (416) 307-9273