RBC Royal Bank decreases residential mortgage rates

    TORONTO, April 24 /CNW/ - RBC Royal Bank announced today that it is
reducing its residential mortgage rates effective April 25, 2009.The changes are as follows:

    Six-month open               6.55 per cent        (down by 0.30 per cent)
    Six-month convertible        4.75 per cent        (down by 0.30 per cent)
    One-year open                6.55 per cent        (down by 0.30 per cent)
    One-year closed              3.90 per cent        (down by 0.30 per cent)
    Two-year closed              4.05 per cent        (down by 0.30 per cent)
    Three-year closed            4.15 per cent        (down by 0.30 per cent)
    Four-year closed             4.84 per cent        (down by 0.30 per cent)
    Five-year closed             5.25 per cent        (down by 0.20 per cent)
    Seven-year closed            6.60 per cent        (down by 0.30 per cent)
    Ten-year closed              6.75 per cent        (down by 0.30 per cent)

    Special Offers(*)
    -----------------
    Six-month convertible        4.25 per cent        (down by 0.30 per cent)
    One-year closed              3.40 per cent        (down by 0.30 per cent)
    Four-year closed             3.79 per cent        (down by 0.30 per cent)
    Five-year closed             3.95 per cent        (down by 0.20 per cent)
    Seven-year closed            5.15 per cent        (down by 0.30 per cent)

    (*)    The rates indicated are special discounted rates and are not the
           posted rates of Royal Bank of Canada. To calculate a rate discount
           compare the Special Offer rate against the posted rate for the
           applicable term.

           Special Offers may be changed, withdrawn or extended at any time,
           without notice. Not available in combination with any other rate
           discounts, offers or promotions.

For further information: Media contact: Stephanie Lu, [phone]