Cambridge Bay is a hamlet located on Victoria Island in the Kitikmeot Region of Nunavut, Canada. It is the largest of the two settlements on Victoria Island, the other being Ulukhaktok in the Northwest Territories. Cambridge Bay is named for Prince Adolphus, Duke of Cambridge, while the traditional Inuinnaqtun name for the area is Ikaluktutiak or Iqaluktuuttiaq meaning "good fishing place".