Nunavut is the largest and newest federal territory of Canada; it was separated officially from the Northwest Territories on April 1, 1999, via the Nunavut Act and the Nunavut Land Claims Agreement Act, though the actual boundaries had been established in 1993. The creation of Nunavut meaning "our land" in Inuktitut resulted in the first major change to Canada's map since the incorporation of the new province of Newfoundland in 1949. Nunavut comprises a major portion of Northern Canada, and most of the Canadian Arctic Archipelago, making it the fifth-largest country subdivision in the world. The capital Iqaluit (formerly "Frobisher Bay") on Baffin Island, in the east, was chosen by the 1995 capital plebiscite. Other major communities include the regional centres of Rankin Inlet and Cambridge Bay. Nunavut also includes Ellesmere Island to the north, as well as the eastern and southern portions of Victoria Island in the west and Akimiski Island in James Bay to the far south. Nunavut is both the least populous and the largest in geography of the provinces and territories of Canada. One of the most remote, sparsely settled regions in the world, it has an estimated population of over 33,000, mostly Inuit, spread over an area the size of Western Europe. Nunavut is also home to the northernmost permanently inhabited place in the world, Alert. Nunavut covers, 1,932,255 km2 (746,048 sq mi) of land and 160,935 km2 (62,137 sq mi) of water in Northern Canada. The territory includes part of the mainland, most of the Arctic Archipelago, and all of the islands in Hudson Bay, James Bay, and Ungava Bay (including the Belcher Islands) which belonged to the Northwest Territories. This makes it the fifth largest subnational entity (or administrative division) in the world. If Nunavut were a country, it would rank 15th in area.