Unfortunately, no. I don't see Koodo or any other carrier with coverage in the Pond Inlet, Nunavut area. You can check Koodo's coverage map below. I've provided a link to a cell site locator that shows cell towers when you enter a location.
Edit: Northwestel, (partnered with Bell Mobility), services Pond Inlet. You should be able to unlock the phone and use a Bell SIM card. Call them and see if that will work (1 888 423-2333). Bell's coverage map is not showing coverage for the area, so I'm a little skeptical.