TORONTO, Dec. 10 /CNW/ - Scotiabank announced today the following changes
in residential mortgage interest rates, effective December 11, 2008:-   six-month flexible closed 5.90 per cent (decreases by 0.20 per cent)
    -   six-month open 7.75 per cent (decreases by 0.20 per cent)
    -   one-year closed 6.00 per cent (decreases by 0.20 per cent)
    -   three-year closed 6.25 per cent (decreases by 0.39 per cent)
    -   four-year closed 6.45 per cent (decreases by 0.19 per cent)
    -   five-year closed 6.75 per cent (decreases by 0.05 per cent)
    -   seven-year closed 7.20 per cent (decreases by 0.20 per cent)