OTTAWA — Bank of Nova Scotia, CIBC and National Bank are the latest Canadian banks to lower fixed mortgage rates, matching the average 0.10 percentage point cut by Royal Bank of Canada and TD Canada Trust on Thursday. By late Friday afternoon, Bank of Montreal was the only major Canadian bank not to cut rates this week. Scotiabank, National Bank and CIBC announced separately on Friday their five-year closed mortgage rates would fall to 5.89 per cent, the same level as RBC and TD. The change takes effect Saturday at CIBC and Scotiabank, and Monday at … [Read more...]