Arctic Bay (Inuktitut syllabics: ᐃᒃᐱᐊᕐᔪᒃ, Ikpiarjuk "the pocket") [ikpiaʁjuk] is an Inuit hamlet located in the northern part of the Borden Peninsula on Baffin Island in the Qikiqtaaluk Region of Nunavut, Canada.

In 1872, a European whaling ship, the Arctic, captained by Willie Adams, passed through and gave the area its English name.

HBC divested this department in 1987 to The North West Company, which still operates a Northern Store at Arctic Bay.

On 10 August 2007, Prime Minister Stephen Harper announced the creation of Nanisivik Naval Facility, to reinforce Canadian presence in the Arctic.

The original plans have been downgraded after geotechnical problems increased the cost; it will now operate for four months a year as a refuelling station, primarily for the Harry DeWolf-class Arctic patrol ships.

In October 2020, clothing manufacturer Canada Goose and Canadian actor Ryan Reynolds announced the donation of over 300 repurposed parkas and boots to K-12 students at Inuujaq School.

To the southeast, the flat-topped King George V Mountain, at nearly 600 metres (2,000 ft) high, dominates the landscape of the hamlet.

The amount of precipitation is of a desert climate, below 250 mm (9.8 in), and the days of snow is comparable to a coastal city of a lake or sea in the middle latitudes, but low for the location.

The cadets regularly practice marksmanship and do a variety of outdoor activities including hiking, camping, orienteering and the biathlon.

Common Canadian events also take place in Arctic Bay, such as the Terry Fox Run, which is particularly popular.

The current mayor is Andrew Taqtu who is well known for his preservation of traditional hunting skills as shown on a BBC film A Boy Among Polar Bears.

Arctic Bay was home to the Midnight Sun Marathon, one of the northernmost contests held in the world.

As the only outsiders in the community are government workers, the student population is almost entirely Inuit and the first language spoken is Inuktitut.

Qiniq is a fixed wireless service to homes and businesses, connecting to the outside world via a satellite backbone.