Banks Island is one of the larger members of the Arctic Archipelago. Situated in the Inuvik Region, and part of the Inuvialuit Settlement Region, of the Northwest Territories, it is separated from Victoria Island to its east by the Prince of Wales Strait and from the mainland by Amundsen Gulf to its south. The Beaufort Sea lies to its west, and to its northeast M'Clure Strait separates the island from Prince Patrick Island and Melville Island.
It is home to at least fourteen mammal species including the Peary caribou, barren-ground caribou, and polar bears. At one time over 68,000 muskoxen lived on the island, the majority of the world's population. However, the bacterium Erysipelothrix rhusiopathiae has led to a sharp decline in their numbers. The island is the summer home to hundreds of thousands of migratory birds who nest at Banks Island Migratory Bird Sanctuary No. 1 and Banks Island Migratory Bird Sanctuary No. 2.
As of the 2016 census it had a human population of 103, all in Sachs Harbour.
Pre-Dorset cultural sites have been found that date from approximately 1500 BCE but European contact came much later. In 1820 it was seen from Melville Island by Sir William Edward Parry and named "Banks Land" in honour of Sir Joseph Banks. However, during the later exploration of the area by the McClure Arctic Expedition the island was marked on their maps as "Baring Island". McClure's ship, , was frozen in Prince of Wales Strait. That spring he sent out sledging parties and determined that Banks Island was an island. In the following year he almost circumnavigated the island but was again frozen in at Mercy Bay where he and his crew spent the next three months before making their escape across the ice.
The only permanent settlement on the island is the Inuvialuit hamlet of Sachs Harbour (Ikahuak), on the southwest coast.
Banks Island covers an area and it is the world's 24th largest island and Canada's fifth largest island. It is about long, and at its widest point at the northern end, across.
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Inuit (ˈɪnjuᵻt; ᐃᓄᐃᑦ 'the people', singular: Inuk, ᐃᓄᒃ, dual: Inuuk, ᐃᓅᒃ) are a group of culturally similar Indigenous peoples inhabiting the Arctic and subarctic regions of Greenland, Labrador, Quebec, Nunavut, the Northwest Territories, and Alaska. Inuit languages are part of the Eskimo–Aleut languages, also known as Inuit-Yupik-Unangan, and also as Eskaleut. Inuit Sign Language is a critically endangered language isolate used in Nunavut.
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