Baker Lake Water Aerodrome, a water aerodrome serving the community during part of the year
First Nations Bank of Canada plans to expand its Community Banking Centres to Baker Lake, Kugluktuk, and Pond Inlet in 2014.
Under the alternate formula for determining the boundary between arctic and subarctic climates posited by Otto Nordenskiöld, however, Rankin Inlet, along with Arviat and Baker Lake, qualify as arctic based on the relationship between the temperatures of the coldest and warmest months; in the case of Rankin Inlet, with a coldest-month (January) mean of -30.8° C, said boundary for the warmest month would be 12.1° C, and Rankin Inlet's warmest month (July) averages only 10.5° C.
Survivors who couldn't walk were airlifted to Whale Cove, Baker Lake and Rankin Inlet.
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