BRIEF-Scotiabank says has chosen to reduce mortgage exposure

Tue Aug 30, 2016 8:45am EDT
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Aug 30 (Reuters) -

* Scotiabank ceo says has chosen to cede some market share in mortgage market

* Scotiabank says made deliberate choice to shift from mortgages into other asset classes

* Scotiabank says expects mortgage market to remain intensely competitive

* Scotiabank Canadian Executive Vp Says Tightening Mortgage Originations, Pre Approvals (Reporting by Matt Scuffham)