TD Canada Trust lowers prime lending rateTORONTO, Oct. 21 /CNW/ - TD Canada Trust today announced that it has
lowered its prime lending rate by 35 basis points to 4.00 per cent, effective
October 22, 2008.
"TD Canada Trust's decision to lower its Prime by 35 basis points
reflects today's Bank of Canada rate change, as well as the decrease in our
cost of funds due to government actions and market forces, allowing us to pass
the benefits on to customers," said Tim Hockey, President and CEO, TD Canada