Category Archives: News

Bank of Canada Hikes Rate

Bank Of Canada Hikes Rate: How Does This Affect Borrowers?

This guest post is written by Penelope Graham of Zoocasa. In what is great news for the economy – but not so much for borrowers – the Bank of Canada (BoC) has opted to hike its trend-setting Overnight Lending Rate, a… Read More

Penelope Graham

October 24, 2018

Blog,News
interest rates

The Bank of Canada Left September Interest Rate Unchanged: What Does That Mean for Borrowers?

This post is guest written by Penelope Graham of  Zoocasa. Good news for borrowers of floating-rate mortgages: The Bank of Canada (BoC), our nation’s central bank, has left its trend-setting Overnight Lending Rate at 1.5% for the month of September, meaning your… Read More

Penelope Graham

September 5, 2018

Blog,News
Bank Of Canada

Bank Of Canada Hikes Key Interest Rate – What You Need To Know

The Bank of Canada (BoC) raised its key interest rate from 1.25% to 1.50% on Wednesday. This is the bank’s fourth increase in the last year. Here’s what you need to know. What is the key interest rate? This interest… Read More

Rachel Surman

July 11, 2018

Blog,News

It’s Been Two Years Of Free Credit Scores!

At Borrowell, we’re big on celebrations. Whether it be birthdays at the office, promotions, or company anniversaries – we’re always ready with balloons and cake in hand. So what’s so special about June 20th? On June 20th, 2016, Borrowell became… Read More

Rachel Surman

June 20, 2018

Blog,News
Digital Literacy Day

Happy Digital Literacy Day! How Digitally Literate Are You?

Did you know May 31 is Digital Literacy Day in Toronto? As a financial technology company, we at Borrowell think this is an incredibly important day – considering the technological revolution the world is currently experiencing. Technology is completely changing the… Read More

Rachel Surman

May 31, 2018

Blog,News
Bank Of Canada

Bank Of Canada Keeps Key Interest Rate At 1.25% – What You Need To Know

The Bank of Canada (BoC) kept its key interest rate at 1.25%, it said in a statement Wednesday. But, as usual, hinted at a rate increase to come. Here’s what you need to know. What is the key interest rate?… Read More

Rachel Surman

May 30, 2018

Blog,News
affected by a data breach

Worried You May Have Been Affected By A Data Breach? Here’s What You Can Do

Data breaches seem to be occurring more and more frequently – a very scary thought for many Canadians. A data breach is when sensitive, protected, or confidential data is stolen from an organization. This information can be used to steal… Read More

Rachel Surman

May 29, 2018

Blog,News
Borrowell Commercial

5 Questions With Eva Wong About Borrowell’s New TV Spot: ‘Home Birth’

If you’ve ever felt anxious when it comes to your finances, more specifically your credit score, Borrowell – Canada’s leading credit monitoring company – has a new commercial just for you. The commercial features a young couple in the midst… Read More

Rachel Surman

April 25, 2018

Blog,News
Bank Of Canada

The Bank Of Canada Keeps Interest Rate At 1.25%

The Bank of Canada (BoC) announced Wednesday it’s keeping its trendsetting interest rate at 1.25%. This interest rate is called the “Overnight Rate” and is what dictates the prime consumer lending rates of Canada’s “Big Six Banks.” For context, the… Read More

Rachel Surman

March 7, 2018

Blog,News

Borrowell Gives Birth To New TV Campaign

  Toronto, Feb. 13, 2018 – Borrowell, Canada’s leading credit education company, is making its first major foray into television with a 30-second spot that launches today, called “Home Birth.” Created by Toronto-based agency Conflict, the commercial aims to raise… Read More

Rachel Surman

February 13, 2018

Blog,News