Caraquet Bay is situated in the northeast of the Canadian province of New Brunswick. It is bordered on the south by the town of Caraquet and the village of Bertrand, to the south by the parish of New Bandon, to the north by the village of Maisonnette and to the northwest by the Baie des Chaleurs. Caraquet Island is located between the two bays. There are a number of beaches on the bay, as well as oyster farms and the port of Caraquet.