The history of this place stretches back to ancient times, long before modern borders appeared on maps. The indigenous inhabitants of the region, the Inuit, have called it Mittimatalik for centuries, which translates as "the place where Mittima is buried." Archaeological evidence suggests that people of the Thule culture inhabited these harsh lands in northern Baffin Island for millennia, creating a unique civilization amidst Arctic conditions. For the Western world, Pond Inlet was discovered in 1818 by the British explorer John Ross. He charted this area and named it in honour of John Pond, the Astronomer Royal of Great Britain.
However, the city began to form as a permanent settlement in the modern sense much later. The transformation from a seasonal hunters' camp into an important settlement, of which Canada is proud today, was driven by a combination of geographical and economic reasons:
- Strategic Geography: Its location on the shores of Eclipse Sound, protected by Bylot Island, created a relatively safe harbour. Proximity to Lancaster Sound made this place a vital point on the route of explorers seeking the Northwest Passage.
- Whaling: In the 19th century, the waters around the settlement teemed with whales, attracting Scottish and American whalers. Frequent contact with them stimulated barter trade.
- Trading Infrastructure: The turning point was the early 20th century. In 1903, the first trading station appeared here, and in 1921, the Hudson's Bay Company opened its post, which encouraged a portion of the population to adopt a sedentary lifestyle.
- Assertion of Sovereignty: In 1922, a Royal Canadian Mounted Police (RCMP) post was established, securing the state's official administrative presence in this remote region.
The early economy was based on a combination of traditional land use and a new commodity system. Life centred around hunting marine mammals—seals and narwhals—which provided the community with food, clothing, and fuel. With the arrival of trading companies, fur became an important economic asset, particularly Arctic fox pelts, which were exchanged for European goods: rifles, tools, tea, and tobacco. Culturally, the settlement remained a centre for preserving Inuit traditions despite external influences. It served as a gathering place for scattered family groups, where oral legends and survival skills for the extreme conditions of the Far North were passed down.