I haven't seen it, but now that you've brought it up I will probably rent it and watch it.
I saw Charles Martin Smith's adaptation of another Farley Mowat work, "Never Cry Wolf", and it seemed fairly authentic. He seemed to be more interested in "getting it right" than in turning the story into yet another Hollywood cookie-cutter movie.
Another good movie, if you haven't seen it, is "Atanarjuat - The Fast Runner". This was filmed with Inuit (Eskimo) actors in Inuktitut with English (or French) subtitles. They made a point of trying to portray pre-Columbian Inuit life as accurately as possible. (In the "Behind the scenes" extra on the DVD, the director was very critical of some white directors who have sacrificed realism for the "good shot"; one example he cited was a movie in which two Inuit were shown lighting a ridiculously oversized Kudlik, or seal-oil stove, on the bed between them, inside an igloo.)
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"The mind is not a vessel to be filled but a fire to be kindled."
-Plutarch