TORONTO, March 6 /CNW/ - Scotiabank announced today the following changes
in residential mortgage interest rates, effective March 7:-   one-year open        8.50 per cent     (decreases by 0.10 per cent)
    -   one-year closed      6.45 per cent     (decreases by 0.10 per cent)
    -   two-year closed      6.50 per cent     (decreases by 0.10 per cent)
    -   three-year closed    6.50 per cent     (decreases by 0.10 per cent)
    -   four-year closed     6.50 per cent     (decreases by 0.10 per cent)
    -   five-year closed     6.50 per cent     (decreases by 0.15 per cent)
    -   seven-year closed    6.75 per cent     (decreases by 0.15 per cent)
    -   ten-year closed      7.60 per cent     (decreases by 0.15 per cent)

                 All other mortgage rates remain unchanged.