Borrowing in Thompson, Manitoba

Thompson is one of the Manitoba communities covered here, with a 2021 Census population of 13,035, and borrowing there is licensed under Manitoba's consumer credit rules.

How borrowing works locally

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

Variable-rate products move with a reference rate, while fixed-rate products set the price for a defined term. Provincial licensing decides who may lend, and federal rules add a ceiling where a licensed payday regime exists.

Products compared here

Among the 20 products compared here, these two are commonly used for the purposes described.

• Debt consolidation loans: Replacing several expensive debts with one payment, and the arithmetic that decides whether it helps.
• Personal loans: A fixed sum repaid on a schedule, usually unsecured, for almost any purpose a lender will accept.

The census figures for Thompson

13,035 people were counted in Thompson in the 2021 Census. Land area for Thompson is 16.6 square kilometres in the same census.

On those two figures, density is 784.3 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 8 within this data set.

Compared with the other 203 covered Manitoba places, Thompson ranks 8 by population.

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.

Places in the lower-middle band group smaller towns and municipalities under the same provincial framework.

Thompson ranks 8 by 2021 Census population among the covered places in Manitoba.

Thompson sits at rank 8 within Manitoba in this data set, and the provincial rules apply as they do elsewhere.

Thompson is one of 203 covered Manitoba places, counted at 13,035 residents with a land area of 16.6 square kilometres.

Thompson appears in the census record with 13,035 residents, and the density of 784.3 people per square kilometre follows from it.

The land area recorded for Thompson is 16.6 square kilometres, and the population is 13,035 residents in the 2021 Census.

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

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

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

The density figure for Thompson, 784.3 people per square kilometre, is calculated from the population and land area above.

At 13,035 residents in the 2021 Census, Thompson is listed alongside the other covered places in Manitoba.

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

For Thompson, 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.

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.

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