Lower Devonian red beds from the upper member of the Peel Sound Formation at Prince of Wales Island (Canadian arctic) yield two different paleopoles at 25N 099E and at 01N 091E, the first one being older than the second one. The magnetic directions from which the poles are calculated are derived from vector analysis of thermal, chemical, and alternating magnetic field demagnetization results. Normal and reversed polarities are recorded for the northerly pole, whereas the pole at the equator reveals mainly a normal polarity. The position of the pole close to the equator has significant implications for the early Paleozoic apparent polar wander path of the North American craton. It appears that from the Late Cambrian to Early Devonian the craton moved continuously in a counter-clockwise direction that ended abruptly in the Early Devonian when the direction of the motion of the continent was reversed in a very similar manner to what occurred in Late Cambrian times.