LAURENTIAN BANK CHANGES ITS MORTGAGE RATES RATE

MONTREAL, Nov. 17 /CNW Telbec/ - Laurentian Bank has changed its mortgage rates. The changes
are as follows:

TERM				RATE				VARIATION
6 month open:	from		6.70%	to	6.70%			0.00%
6 month close:	from		3.95%	to	3.95%			0.00%
6 month convertible:	from		5.40%	to	5.40%			0.00%
1 year open:	from		6.70%	to	6.70%			0.00%
1 year close:	from		3.20%	to	3.35%		+	0.15%
18 month close:	from		3.30%	to	3.50%		+	0.20%
2 year:	from		3.45%	to	3.60%		+	0.15%
3 year:	from		4.00%	to	4.25%		+	0.25%
4 year:	from		4.94%	to	5.19%		+	0.25%
5 year:	from		5.29%	to	5.44%		+	0.15%
6 year:	from		6.05%	to	6.05%			0.00%
7 year:	from		6.35%	to	6.35%			0.00%
8 year:	from		6.45%	to	6.45%			0.00%
9 year:	from		6.45%	to	6.45%			0.00%
10 year:	from		6.50%	to	6.50%			0.00%
Fixed Rate Special offers :
1 year (fixed/closed)	from		2.79%	to	2.94%		+	0.15%
5 Years (fixed/closed)	from		3.79%	to	3.99%		+	0.20%

These new mortgage rates will be effective as of November 18, 2010.

For further information:

Laurentian Bank of Canada
Gladys Caron
Vice President, Public Affairs and Communications
Office: 514 284-4500, extension 7511
Cellular : 514 893-3963
[email protected]