Scotiabank Reduces Prime Lending Rate

    TORONTO, Jan. 20 /CNW/ - Scotiabank today announced a decrease of one
half of one per cent in its Canadian dollar prime lending rate. The new rate
is 3.00 per cent, effective Wednesday, January 21, 2009.

For further information:

For further information: Ann DeRabbie at (416) 933-1344

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