Attention Business Editors:

TD Canada Trust increases home equity line of credit and variable interest rate mortgage rates

    TORONTO, Oct. 6 /CNW/ - TD Canada Trust has increased its home equity
line of credit and variable interest rate mortgage rates, effective October 7,
2008. While TD Canada Trust has endeavored to not pass on the increases in
rates to its customers, this change reflects steadily increasing costs of
funds in the current economic environment. These changes apply to new home
equity lines of credit and new and new renewal variable interest rate
mortgages only.

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    The changes are as follows:

    Home Equity Lines of Credit have moved to TD Prime +1%

    Open and Closed Variable Interest Rate Mortgages have moved to TD
    Mortgage Prime +1%
    >>

For further information: Kelly Hechler, Media Relations, TD Canada
Trust, (416) 982-2469 or kelly.hechler@td.com