TORONTO, May 29 /CNW/ - Scotiabank announced today the following changes
in residential mortgage interest rates, effective May 30:-   one-year open        8.95 per cent     (increases by 0.10 per cent)
    -   one-year closed      6.90 per cent     (increases by 0.10 per cent)
    -   two-year closed      7.15 per cent     (increases by 0.20 per cent)
    -   three-year closed    7.20 per cent     (increases by 0.25 per cent)
    -   four-year closed     7.20 per cent     (increases by 0.30 per cent)
    -   five-year closed     7.14 per cent     (increases by 0.30 per cent)
    -   seven-year closed    7.35 per cent     (increases by 0.20 per cent)
    -   ten-year closed      8.24 per cent     (increases by 0.30 per cent)

                 All other mortgage rates remain unchanged.