/C O R R E C T I O N from Source -- Scotiabank/

In c3006 transmitted at 16:29e today, an error occured in the first set of mortgage rates. The Scotia Flex Value closed (5 Year) rate should have read "2.70 per cent" and not "2.30 per cent". Corrected copy follows:

Scotiabank Changes Mortgage Rates

TORONTO, Sept. 13, 2011 /CNW/ - Scotiabank announced today the following special discounted rates (*) on residential mortgages, effective September 14, 2011:

Scotia Flex Value closed (5 Year) 
Two-year fixed closed   
2.70 per cent  
2.49 per cent  
(increases by 0.20 per cent)

The following changes in the Bank's posted residential mortgage interest rates are also effective September 14, 2011:

Two-year closed   
Three-year closed   
Four-year closed    
Five-year closed    
Seven-year closed    
Ten-year closed    
3.89 per cent  
4.39 per cent  
4.79 per cent   
5.19 per cent   
6.29 per cent   
6.69 per cent   
(decreases by 0.06 per cent)
(decreases by 0.16 per cent)
(decreases by 0.20 per cent)
(decreases by 0.20 per cent)
(decreases by 0.10 per cent)
(decreases by 0.10 per cent)

* The special discounted rates are not the posted rates of Scotiabank. Rates are subject to change without notice. Offers may be withdrawn or extended without notice and cannot be combined with any other rate discounts, offers, or promotions. Other conditions may apply.



SOURCE Scotiabank

For further information:

Robyn Harper, Scotiabank Media Communications, (416) 933-1093 or robyn_harper@scotiacapital.com


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