NATIONAL BANK OF CANADA
TSX : NA

NATIONAL BANK OF CANADA

October 31, 2006 12:18 ET

National Bank Adjusts its Mortgage Rates

MONTREAL, QUEBEC--(CCNMatthews - Oct. 31, 2006) - National Bank of Canada (TSX:NA) has adjusted its rates for residential mortgages. The new rates are effective as of November 1, 2006.



TERM CURRENT RATE NEW RATE
(%) (%) CHANGE
------------------------------------------------------------
------------------------------------------------------------
FIXED-RATE OPEN
TERM
6 months open 8.200 8.200 0.000
1 year open 8.550 8.550 0.000
FIXED-RATE CLOSED
TERM
3 months closed 6.350 6.350 0.000
6 months closed 6.400 6.400 0.000
1 year closed 6.400 6.400 0.000
2 years closed 6.500 6.500 0.000
3 years closed 6.650 6.550 -0.100
4 years closed 6.700 6.550 -0.150
5 years closed 6.800 6.600 -0.200
7 years closed 7.150 6.950 -0.200
10 years closed 7.400 7.300 -0.100

VARIABLE-RATE
CLOSED TERM
5 years Variable
rate (discount
included) 5.750 5.750 0.000
5 years Saver 6.000 6.000 0.000
5 years Capped rate 6.000 6.000 0.000


The telephone number provided below is for the exclusive use of journalists and other media representatives.

Contact Information

  • National Bank of Canada
    Denis Dube
    Senior Director - Public Relations
    514-394-8644