TORONTO, June 21 /CNW/ - Scotiabank announced today the following changes
in residential mortgage interest rates, effective June 22:-    one-year open      9.15 per cent  (decreases by 0.05 per cent)
    -    one-year closed    7.10 per cent  (decreases by 0.05 per cent)
    -    two-year closed    7.30 per cent  (decreases by 0.10 per cent)
    -    three-year closed  7.30 per cent  (decreases by 0.20 per cent)
    -    four-year closed   7.30 per cent  (decreases by 0.20 per cent)
    -    five-year closed   7.24 per cent  (decreases by 0.20 per cent)
    -    seven-year closed  7.55 per cent  (decreases by 0.15 per cent)

                 All other mortgage rates remain unchanged.