TORONTO, May 18 /CNW/ - Scotiabank announced today the following changes
in residential mortgage interest rates, effective May 19:-  one-year open      8.85 per cent     (increases by 0.15 per cent)
    -  one-year closed    6.80 per cent     (increases by 0.15 per cent)
    -  two-year closed    6.95 per cent     (increases by 0.25 per cent)
    -  three-year closed  6.95 per cent     (increases by 0.25 per cent)
    -  four-year closed   6.90 per cent     (increases by 0.20 per cent)
    -  five-year closed   6.84 per cent     (increases by 0.19 per cent)
    -  seven-year closed  7.15 per cent     (increases by 0.20 per cent)
    -  ten-year closed    7.94 per cent     (increases by 0.19 per cent)

                 All other mortgage rates remain unchanged.