Borrowing in Black Sturgeon, Manitoba

Black Sturgeon is one of the Manitoba communities covered here, with a 2021 Census population of 149, and borrowing there is licensed under Manitoba's consumer credit rules.

The Manitoba rules that apply

Licensing for consumer credit in Manitoba sits with the province or territory, and the Financial Consumer Agency of Canada maintains the public list of provincial and territorial regulators.

The federal Payday Lending Regulations (SOR/2024-114) list Manitoba among the provinces that regulate payday lending, where the federal Payday Lending Regulations (SOR/2024-114) cap the cost of borrowing at $14 per $100 under the federal limit (this province's own published limit is $17 per $100 advanced, the top of the range the Regulations describe) advanced.

At the small end of the census range, the community still borrows inside the province's licensing system.

How borrowing works locally

Disclosure requirements mean the cost of borrowing must be stated before an agreement is signed.

A secured product gives the lender a claim on a named asset, which is why its price is usually lower than an unsecured equivalent. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

The census figures for Black Sturgeon

149 people were counted in Black Sturgeon in the 2021 Census. Land area for Black Sturgeon is 23.8 square kilometres in the same census.

That gives a density of 6.2 people per square kilometre, rounded to one decimal place.

Among covered Manitoba places, Black Sturgeon sits at rank 198 by population.

Compared with the other 203 covered Manitoba places, Black Sturgeon ranks 198 by population.

Products compared here

These are two of the 20 products described on the site, and each has a national page as well as the provincial rules.

• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.
• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.

At 149 residents in the 2021 Census, Black Sturgeon is listed alongside the other covered places in Manitoba.

The Black Sturgeon page follows the same structure as every other place page, with population, land area, density and rank.

The density figure for Black Sturgeon, 6.2 people per square kilometre, is calculated from the population and land area above.

Black Sturgeon is one of 203 covered Manitoba places, counted at 149 residents with a land area of 23.8 square kilometres.

For Black Sturgeon, the two census fields above are the only local statistics used anywhere on the page.

Where a figure for Black Sturgeon could not be verified, the page names the publisher instead of printing a number.

Readers comparing Black Sturgeon with another community can use the same four census fields.

Black Sturgeon ranks 198 by 2021 Census population among the covered places in Manitoba.

Black Sturgeon appears in the census record with 149 residents, and the density of 6.2 people per square kilometre follows from it.

The land area recorded for Black Sturgeon is 23.8 square kilometres, and the population is 149 residents in the 2021 Census.

Black Sturgeon sits at rank 198 within Manitoba in this data set, and the provincial rules apply as they do elsewhere.

Nothing on the Black Sturgeon page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

loanmoose.ca is not a lender and does not make credit decisions. The lowest rates are only available to the most qualified applicants.

Statistics Canada's 2021 Census of Population supplies the population and land-area figures, and the federal Payday Lending Regulations (SOR/2024-114) supply the payday position.

Compare the disclosure on any agreement against the provincial ceiling, and treat the census figures as the only local statistics on the page.