Laurentian Bank of Canada
SymbolLB
Shares Issued23,913,963
Close 2009-11-18C$ 42.95
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Laurentian Bank lowers mortgage rates

2009-11-19 16:16 ET - News Release

Ms. Gladys Caron reports

LAURENTIAN BANK CHANGES ITS MORTGAGE RATES

Laurentian Bank of Canada has changed its mortgage rates.

Term                                       Rate                 Variation

Six-month open:             from   6.45%    to    6.45%             0.00%
Six-month close:            from   3.85%    to    3.85%             0.00%
Six-month convertible:      from   5.25%    to    5.15%     -     - 0.10%
One-year open:              from   6.80%    to    6.60%     -     - 0.20%
One-year close:             from   3.75%    to    3.50%     -     - 0.25%
18-month close:             from   3.90%    to    3.60%     -     - 0.30%
Two-year:                   from   3.95%    to    3.75%     -     - 0.20%
Three-year:                 from   4.45%    to    4.25%     -     - 0.20%
Four-year:                  from   5.30%    to    5.20%     -     - 0.10%
Five-year:                  from   5.85%    to    5.60%     -     - 0.25%
Six-year:                   from   6.50%    to    6.25%     -     - 0.25%
Seven-year:                 from   6.80%    to    6.60%     -     - 0.20%
Eight-year:                 from   6.90%    to    6.70%     -     - 0.20%
Nine-year:                  from   6.90%    to    6.70%     -     - 0.20%
10-year:                    from   6.95%    to    6.80%     -     - 0.15%

Fixed-rate special offer

18-month (fixed or closed)   from   2.99%   to    2.99%             0.00%
Five years (fixed or closed) from   4.74%   to    4.44%     -     - 0.30%
Seven year (fixed or closed) from   5.44%   to    5.24%     -     - 0.20%

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