 Nearby geographic locations using the name include Caribou Harbour, a bay on which the community is situated, as well as the communities of Caribou Island, Central Caribou and Caribou River.Caribou became an important port after it was selected by the federal government in the late 1930s to be the Nova Scotia terminal for a seasonal ferry service to eastern Prince Edward Island.The service, operated by Northumberland Ferries Limited since its inception in 1941, carries passenger, vehicle and truck traffic to Wood Islands, Prince Edward Island between May and December.