Borrowing in Pool's Cove, Newfoundland and Labrador

Pool's Cove is one of the Newfoundland and Labrador places covered here, with 143 residents recorded in the 2021 Census and the same provincial rulebook as the rest of the province.

Products compared here

The product pages behind this city cover the following borrowing categories, among the 20 products compared nationally.

• Secured loans: Borrowing against an asset, which lowers the price but puts the asset at risk if you default.
• Business lines of credit: A revolving operating limit for a business, and why it behaves differently from a term loan.

How borrowing works locally

A consumer proposal or a bankruptcy is administered by a licensed insolvency trustee rather than by a lender.

A lender's assessment looks at income, existing obligations, the credit file, and the asset pledged where there is one. Debt management plans are administered by accredited credit counsellors, and they are not loans.

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.

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.

The lowest band groups villages, rural municipalities and small towns, all read against the same provincial rulebook.

The census figures for Pool's Cove

143 people were counted in Pool's Cove in the 2021 Census. Its land area is 2.6 square kilometres.

On those two figures, density is 54.0 residents per square kilometre when rounded to one decimal place.

Its provincial population rank is 298 within this data set.

Pool's Cove sits at rank 298 among the 322 Newfoundland and Labrador places here, with 143 residents in the 2021 Census.

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

The land area recorded for Pool's Cove is 2.6 square kilometres, and the population is 143 residents in the 2021 Census.

The density figure for Pool's Cove, 54.0 people per square kilometre, is calculated from the population and land area above.

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

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

At 143 residents in the 2021 Census, Pool's Cove is listed alongside the other covered places in Newfoundland and Labrador.

Pool's Cove sits at rank 298 within Newfoundland and Labrador in this data set, and the provincial rules apply as they do elsewhere.

Readers comparing Pool's Cove with another community can use the same four census fields.

Pool's Cove ranks 298 by 2021 Census population among the covered places in Newfoundland and Labrador.

Pool's Cove appears in the census record with 143 residents, and the density of 54.0 people per square kilometre follows from it.

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

Pool's Cove is one of 322 covered Newfoundland and Labrador places, counted at 143 residents with a land area of 2.6 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.

Population and land area figures come from Statistics Canada's 2021 Census of Population; regulatory statements are attributed to the federal Payday Lending Regulations (SOR/2024-114).

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.