Category Archives: News

interest rates

Why Canadian Borrowers May Be in for Lower Interest Rates

This post is guest-written by Penelope Graham of Zoocasa. Good news for borrowers and mortgage holders – after two years of “hawkish” trends, it appears interest rates may be headed lower once again. The Bank of Canada (BoC), which sets the… Read More

Penelope Graham

April 24, 2019

Personal Finance,News
Bank of Canada Rate Announcements

Bank of Canada Rate Announcements 101: What You Need To Know

If you’re a variable-rate mortgage holder or a regular reader of business news, chances are you’re familiar with the Bank of Canada rate announcements. The Bank of Canada (BoC) is the national interest rate and currency regulator that’s frequently in the… Read More

Penelope Graham

March 4, 2019

News
The Bank Of Canada

The Bank Of Canada Kicks off January With A Rate Hold

Guest-written by: Penelope Graham, Zoocasa. Good news for variable-rate mortgage and line-of-credit borrowers: your payments won’t be changing in the near term, as the Bank of Canada opted to leave its trend-setting interest rate alone in its first rate announcement… Read More

Penelope Graham

January 9, 2019

Blog,News
interest rate

Bank of Canada Holds December Interest Rate

Guest written by Penelope Graham, Zoocasa The Bank of Canada may have a reputation for being predictable – but it proved again that when it comes to interest rates and the economy, you can’t take anything for granted. The central bank… Read More

Penelope Graham

December 5, 2018

Blog,News
interest 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
The 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
The 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