TORONTO, Aug. 12 /CNW/ - Scotiabank announced today the following changes
in residential mortgage interest rates, effective August 13:-  six-month flexible    6.35 per cent    (decreases by 0.25 per cent)
    -  six-month open        8.20 per cent    (decreases by 0.25 per cent)
    -  one-year open         8.40 per cent    (decreases by 0.30 per cent)
    -  one-year closed       6.35 per cent    (decreases by 0.20 per cent)
    -  two-year closed       6.55 per cent    (decreases by 0.30 per cent)
    -  three-year closed     6.69 per cent    (decreases by 0.30 per cent)
    -  four-year closed      6.69 per cent    (decreases by 0.30 per cent)
    -  five-year closed      6.85 per cent    (decreases by 0.30 per cent)
    -  seven-year closed     7.30 per cent    (decreases by 0.30 per cent)