Borrowing in Channel-Port aux Basques, Newfoundland and Labrador

This page covers borrowing in Channel-Port aux Basques, Newfoundland and Labrador: the census facts, the provincial rules, and the products people compare.

The Newfoundland and Labrador rules that apply

Provincial or territorial law decides who may lend in Newfoundland and Labrador, and the Financial Consumer Agency of Canada publishes the list that names the regulator responsible.

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.

This is a small community by population, inside the lowest band used on this site, and the provincial framework applies without variation.

How borrowing works locally

A shorter term raises each payment and lowers the total interest, which is the trade every schedule makes.

Debt management plans are administered by accredited credit counsellors, and they are not loans. Payment history is reported to credit agencies, and that record is what builds or damages a credit file over time.

The census figures for Channel-Port aux Basques

In the 2021 Census, Channel-Port aux Basques had 3,547 residents. The census records a land area of 38.8 square kilometres for Channel-Port aux Basques.

The arithmetic gives 91.3 people per square kilometre.

Channel-Port aux Basques ranks 18 by population among the Newfoundland and Labrador places on this site.

Channel-Port aux Basques is one of 322 places listed for Newfoundland and Labrador, ranked 18 by population and measured at 38.8 square kilometres.

Products compared here

Each product below has its own page, and the Newfoundland and Labrador position applies to all of them.

• Home renovation loans: Paying for work on a property, from a small unsecured instalment loan to a secured renovation product.
• Emergency loans: Money for an urgent expense, and the order in which a sensible borrower works through the options.

The Channel-Port aux Basques page follows the same structure as every other place page, with population, land area, density and rank.

At 3,547 residents in the 2021 Census, Channel-Port aux Basques is listed alongside the other covered places in Newfoundland and Labrador.

For Channel-Port aux Basques, the two census fields above are the only local statistics used anywhere on the page.

The land area recorded for Channel-Port aux Basques is 38.8 square kilometres, and the population is 3,547 residents in the 2021 Census.

Where a figure for Channel-Port aux Basques could not be verified, the page names the publisher instead of printing a number.

Nothing on the Channel-Port aux Basques page is estimated; the population and land area come from Statistics Canada's 2021 Census of Population.

Channel-Port aux Basques ranks 18 by 2021 Census population among the covered places in Newfoundland and Labrador.

Channel-Port aux Basques sits at rank 18 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Readers comparing Channel-Port aux Basques with another community can use the same four census fields.

Channel-Port aux Basques is one of 322 covered Newfoundland and Labrador places, counted at 3,547 residents with a land area of 38.8 square kilometres.

Channel-Port aux Basques appears in the census record with 3,547 residents, and the density of 91.3 people per square kilometre follows from it.

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

The 2021 Census of Population published by Statistics Canada is the source for population and land area; the federal Payday Lending Regulations (SOR/2024-114) are the source for payday rules.

The same structure is used for every place covered, so two communities can be compared field by field: population, land area, density, rank, and the provincial rules.