Borrowing in Arnold's Cove, Newfoundland and Labrador

Arnold's Cove, Newfoundland and Labrador, recorded a population of 964 in the 2021 Census; the rules that govern a loan signed there are provincial.

The census figures for Arnold's Cove

964 people were counted in Arnold's Cove in the 2021 Census. Its land area is 5.2 square kilometres.

On those two figures, density is 183.6 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 79 within this data set.

Within Newfoundland and Labrador, Arnold's Cove is place number 79 by population in this census set, at 964 residents.

The Newfoundland and Labrador rules that apply

Consumer credit in Newfoundland and Labrador is licensed by the provincial or territorial regulator, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

The federal payday lending regulations, SOR/2024-114, cap the cost of borrowing at $14 per $100 advanced in Newfoundland and Labrador, which the federal Payday Lending Regulations (SOR/2024-114) list as a province that regulates the product.

Places in the smallest population band are grouped here as small communities, and the pages carry the same census fields and the same provincial rules as the largest city.

How borrowing works locally

Joint applications combine two incomes and two sets of obligations in the same assessment.

A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators. A payday advance is repaid on a pay date, while an instalment loan is repaid over a set number of payments.

Products compared here

Two of the 20 covered products appear below, each with the purpose the product is designed for.

• Lines of credit: A revolving limit you draw on and repay, usually paying interest only on what is outstanding.
• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.

Readers comparing Arnold's Cove with another community can use the same four census fields.

Arnold's Cove ranks 79 by 2021 Census population among the covered places in Newfoundland and Labrador.

Arnold's Cove sits at rank 79 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

Where a figure for Arnold's Cove could not be verified, the page names the publisher instead of printing a number.

At 964 residents in the 2021 Census, Arnold's Cove is listed alongside the other covered places in Newfoundland and Labrador.

The Arnold's Cove page follows the same structure as every other place page, with population, land area, density and rank.

Arnold's Cove is one of 322 covered Newfoundland and Labrador places, counted at 964 residents with a land area of 5.2 square kilometres.

The land area recorded for Arnold's Cove is 5.2 square kilometres, and the population is 964 residents in the 2021 Census.

The density figure for Arnold's Cove, 183.6 people per square kilometre, is calculated from the population and land area above.

For Arnold's Cove, the two census fields above are the only local statistics used anywhere on the page.

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

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

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