TORONTO, Nov. 26 /CNW/ - Scotiabank announced today the following changes
in residential mortgage interest rates, effective November 27, 2008:- six-month flexible closed  6.10 per cent   (decreases by 0.25 per cent)
    - six-month open             7.95 per cent   (decreases by 0.25 per cent)
    - one-year open              8.25 per cent   (decreases by 0.15 per cent)
    - one-year closed            6.20 per cent   (decreases by 0.15 per cent)
    - two-year closed            6.30 per cent   (decreases by 0.25 per cent)
    - three-year closed          6.64 per cent   (decreases by 0.40 per cent)
    - four-year closed           6.64 per cent   (decreases by 0.40 per cent)
    - five-year closed           6.80 per cent   (decreases by 0.40 per cent)
    - seven-year closed          7.40 per cent   (decreases by 0.25 per cent)