Borrowing in Cook's Harbour, Newfoundland and Labrador

Cook's Harbour is one of the Newfoundland and Labrador places covered here, with 118 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

How borrowing works locally

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. A deposit or trade-in reduces the amount financed and therefore the interest charged over the term.

Products compared here

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

• Home equity loans: Converting property equity into credit, and the difference between a lump sum and a revolving limit.
• Payday loans: Small, short-term advances against a pay date, the most tightly regulated product in Canadian consumer credit.

The census figures for Cook's Harbour

Statistics Canada's 2021 Census gives Cook's Harbour a population of 118. 1.9 square kilometres of land are attributed to Cook's Harbour.

On those two figures, density is 60.8 residents per square kilometre when rounded to one decimal place.

Among covered Newfoundland and Labrador places, Cook's Harbour sits at rank 310 by population.

Cook's Harbour therefore appears at rank 310 of 322 covered Newfoundland and Labrador places, with a density of 60.8 people per square kilometre.

The Newfoundland and Labrador rules that apply

Consumer lending in Newfoundland and Labrador 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.

In Newfoundland and Labrador, payday lending operates under a licensed provincial regime, and the federal Payday Lending Regulations (SOR/2024-114) record a maximum cost of borrowing of $14 for each $100 advanced under SOR/2024-114.

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.

Cook's Harbour is one of 322 covered Newfoundland and Labrador places, counted at 118 residents with a land area of 1.9 square kilometres.

Cook's Harbour appears in the census record with 118 residents, and the density of 60.8 people per square kilometre follows from it.

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

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

Cook's Harbour ranks 310 by 2021 Census population among the covered places in Newfoundland and Labrador.

The density figure for Cook's Harbour, 60.8 people per square kilometre, is calculated from the population and land area above.

Cook's Harbour sits at rank 310 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

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

At 118 residents in the 2021 Census, Cook's Harbour is listed alongside the other covered places in Newfoundland and Labrador.

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

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 Newfoundland and Labrador; a municipal boundary does not change them.