Here’s and example of its value as a historic site:
http://www.royalaviationmuseum.com/2374/lost-the-macalpine-expedition/
Here’s a statement from underwater archeologist Dr. James Delgado
“…the wreck [of the Baymaud] at Cambridge Bay is an internationally significant cultural resource and archaeological site of particular interest to both Norway and Canada.”
Here’s an example of Canadian funded research and public interest in the site:
The team, led by underwater archaeologist James Delgado, Vancouver Maritime Museum, included Robert Delgado, Michael Paris, Jacques Marc and David Stone from the Underwater Archaeological Society of British Columbia. The project was funded by the territorial Department of Economic Development and Tourism. Drawings, photographs and underwater video footage of the wreck will form part of a new display at the Arctic Coast Visitor Centre in Cambridge Bay.
Amundsen, himself, is an important person in Canadian history. I won’t bore you with all the examples, but here’s one that you may find convincing.
Finally, here are some passages from the government of Canada stating why it’s important that they take responsibility of this kind of thing. It’d be something if they lived up to these standards which they set for themselves.
As heritage protection is an essential element in the affirmation of our Canadian identity, and as our archaeological heritage is a source of inspiration and knowledge, it is the policy of the Government of Canada to protect and manage archaeological resources.
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The responsibility to preserve archaeological heritage must be shared by all: the Government, the provinces, the private sector and individuals.
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The Government will adopt a comprehensive approach to ensure that all resources within the Government’s jurisdiction are protected and managed, that appropriate instruments are in place to achieve this objective, and that roles and responsibilities are clear.
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The Government will enhance measures designed to encourage reduction of commercial trading and export of archaeological objects to keep these resources accessible to Canadians.
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The Government will work to strengthen archaeological resource protection and management in the territories. Once they have in place legislation and a demonstrated capacity to protect and manage their resources, the Government may transfer responsibility to the territorial governments.