TORONTO, June 14 /CNW/ - Scotiabank announced today the following changes
in residential mortgage interest rates, effective June 15:-  six-month flexible    6.70 per cent    (increases by 0.05 per cent)
    -  six-month open        8.55 per cent    (increases by 0.05 per cent)
    -  one-year open         9.20 per cent    (increases by 0.10 per cent)
    -  one-year closed       7.15 per cent    (increases by 0.10 per cent)
    -  two-year closed       7.40 per cent    (increases by 0.10 per cent)
    -  three-year closed     7.50 per cent    (increases by 0.15 per cent)
    -  four-year closed      7.50 per cent    (increases by 0.15 per cent)
    -  five-year closed      7.44 per cent    (increases by 0.15 per cent)
    -  seven-year closed     7.70 per cent    (increases by 0.20 per cent)All other mortgage rates remain unchanged.