TORONTO, Jan. 14 /CNW/ - Scotiabank announced today the following changes
in residential mortgage interest rates, effective January 15:-   one-year closed       7.30 per cent     (decreases by 0.10 per cent)
    -   two-year closed       7.50 per cent     (decreases by 0.05 per cent)
    -   three-year closed     7.50 per cent     (decreases by 0.05 per cent)
    -   four-year closed      7.50 per cent     (decreases by 0.05 per cent)
    -   five-year closed      7.49 per cent     (decreases by 0.05 per cent)
    -   seven-year closed     7.80 per cent     (decreases by 0.05 per cent)