Simple by design, the flag of the newest territory, Nunavut, represents so much. The gold symbolizes the riches of the land while the blue symbolizes the riches of the sea and sky. The white, of course, represents the Arctic landscape; in conjunction with the red, also represents Canada's two official colours.
The inuksuk, which, in Inuktitut, means 'like a human', is a stone marker and monument, used for centuries to guide the Inuit across the barren Arctic tundra or to mark sacred and special places. The star is the Niqirtsuituq, or North Star, used for centuries as a point of navigation. It also represents the leadership of the elders.