Borrowing in Pouch Cove, Newfoundland and Labrador

Pouch Cove is one of the Newfoundland and Labrador communities covered here, with a 2021 Census population of 2,063, and borrowing there is licensed under Newfoundland and Labrador's consumer credit rules.

How borrowing works locally

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

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. A provincial regulator publishes licensing requirements, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators.

Products compared here

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

• Debt relief programs: The formal and informal routes out of unmanageable debt in Canada, and who is licensed to run them.
• Bad credit loans: Borrowing when the credit file is damaged, and what changes about price and security as a result.

The census figures for Pouch Cove

In the 2021 Census, Pouch Cove had 2,063 residents. 58.2 square kilometres of land are attributed to Pouch Cove.

The calculated density is 35.4 people per square kilometre.

Pouch Cove ranks 39 by population among the Newfoundland and Labrador places on this site.

Pouch Cove sits at rank 39 among the 322 Newfoundland and Labrador places here, with 2,063 residents in the 2021 Census.

The Newfoundland and Labrador rules that apply

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

Payday lending is licensed in Newfoundland and Labrador; the federal Payday Lending Regulations (SOR/2024-114) publish a cap of $14 per $100 advanced, and notes that a province may set a lower figure.

Communities of this size are listed here with population, land area and density, and the lending rules remain provincial.

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

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

The density figure for Pouch Cove, 35.4 people per square kilometre, is calculated from the population and land area above.

Pouch Cove appears in the census record with 2,063 residents, and the density of 35.4 people per square kilometre follows from it.

Pouch Cove ranks 39 by 2021 Census population among the covered places in Newfoundland and Labrador.

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

Readers comparing Pouch Cove with another community can use the same four census fields.

At 2,063 residents in the 2021 Census, Pouch Cove is listed alongside the other covered places in Newfoundland and Labrador.

Pouch Cove sits at rank 39 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

The land area recorded for Pouch Cove is 58.2 square kilometres, and the population is 2,063 residents in the 2021 Census.

Pouch Cove is one of 322 covered Newfoundland and Labrador places, counted at 2,063 residents with a land area of 58.2 square kilometres.

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.

Nothing here is an offer, and no page on this site can tell anyone what a lender will decide.