Bank Of Canada Modifies Mortgage Rates

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National Bank Financial Group of Canada (TSX: NA) announces that it modifies its rates residential mortgages rates. The new schedule of house mortgage rates comes into effect on 2 April 2009.

The following chart will show the current mortgage rate, the revised rate and the change in the difference of National Bank Financial Group's mortgage rates taking effect today.

FIXED-RATE OPEN
Opened 6 months 7000 7000 0000
1 year open 7250 7250 0000

FIXED RATE CLOSED
3 months closed 4450 4350 -0100
Closed 6 months 4450 4350 -0100
1 year closed 4450 4350 -0100
2 year closed 4550 4500 -0050
3 year closed 4950 4750 -0200
4 year closed 5400 5200 -0200
5 year closed 5550 5350 -0200
7 year closed 7000 6800 -0200
10 year closed 7000 6800 -0200

VARIABLE RATE CLOSED
5 years variable
(including discount) 3500 3500 0000
Economic 5 years 4100 4000 -0100
5 years Capped 3500 3500 0000

National Bank of Canada, which celebrates its 150th anniversary in 2009, is an integrated group which provides comprehensive financial services to its clientele of individuals, SMEs and large corporations in its core market, while offering specialized services to its other customers in the world.

For more information, visit the Bank www.bnc.ca.

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