TD Canada Trust lowers residential mortgage rates

    TORONTO, April 27 /CNW/ - TD Canada Trust has lowered its mortgage rates,
effective April 28, 2009.The changes are as follows:

    Fixed Rates              To:            Change:
    -----------
    6-month convertible      4.75%          -0.15%
    1-year open              6.55%          -0.60%
    1-year closed            3.90%          -0.30%
    2-year closed            4.05%          -0.65%
    3-year closed            4.15%          -0.75%
    4-year closed            4.84%          -0.30%
    5-year closed            5.25%          -0.20%
    6-year closed            6.10%          -0.20%
    7-year closed            6.60%          -0.10%
    10-year closed           6.70%          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, [phone]