Borrowing in Clyde River, Nunavut

A loan taken out in Clyde River is governed by Nunavut's licensing rules, and the 2021 Census counted 1,181 people in the community.

The census figures for Clyde River

1,181 people were counted in Clyde River in the 2021 Census. Statistics Canada lists 103.4 square kilometres of land for the community.

That gives a density of 11.4 people per square kilometre, rounded to one decimal place.

By population it ranks 13 among the Nunavut places covered here.

Clyde River sits at rank 13 among the 25 Nunavut places here, with 1,181 residents in the 2021 Census.

The Nunavut rules that apply

Consumer lending in Nunavut is licensed provincially or territorially, and the Financial Consumer Agency of Canada publishes the list of provincial and territorial regulators where the current position appears.

For Nunavut, the federal Payday Lending Regulations (SOR/2024-114) publish no payday cost-of-borrowing cap because the territories have no specific rules for the product.

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

How borrowing works locally

Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

Debt management plans are administered by accredited credit counsellors, and they are not loans. Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term.

Products compared here

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

• Business loans: Commercial borrowing, what lenders read in a business file, and how the assessment differs from personal credit.
• Instalment loans: A fixed number of fixed payments, sized larger and longer than a payday advance.

The land area recorded for Clyde River is 103.4 square kilometres, and the population is 1,181 residents in the 2021 Census.

Clyde River ranks 13 by 2021 Census population among the covered places in Nunavut.

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

Clyde River appears in the census record with 1,181 residents, and the density of 11.4 people per square kilometre follows from it.

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

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

Readers comparing Clyde River with another community can use the same four census fields.

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

Clyde River is one of 25 covered Nunavut places, counted at 1,181 residents with a land area of 103.4 square kilometres.

Clyde River sits at rank 13 within Nunavut in this data set, and the provincial rules apply as they do elsewhere.

The density figure for Clyde River, 11.4 people per square kilometre, is calculated from the population and land area above.

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

Census figures are from Statistics Canada's 2021 Census of Population, and the payday position is taken from the federal Payday Lending Regulations (SOR/2024-114).

The provincial rules apply wherever a borrower is in Nunavut; a municipal boundary does not change them.