The Naats'ihch'oh National Park Reserve will cover the watershed of the South Nahanni river in the Northwest Territories. It will be adjacent to the larger Nahanni National Park Reserve, which the government said last year it would expand.
"With this historic agreement announced today, we are once again taking action to protect Canada's North for future generations," Baird said in a statement.
Naats'ihch'oh, which means "stands like a porcupine" in the language of the local Dene aboriginal people, is an important habitat for grizzly bear, Dall's sheep and woodland caribou.
(Reporting by David Ljunggren; Editing by Bernadette Baum)