Wiktionary
n. The point on the Earth where compasses point to. It is constantly drifting and is currently located on Ellesmere Island some 1,000 km from the geographic North Pole.
Usage examples of "magnetic north pole".
It's a magnetic compass, of course, and that's useless because I do know the magnetic north pole is nowhere near the geographical north pole: I believe it's about a thousand miles away from it.
The magnetic north pole is a good deal _south_ of where we are now and a long way to the west.
Despite the fact that the magnetic north pole is nowhere near the north pole - at that time it was almost a thousand miles south of it and lay more to the west than north of us - a magnetic compass, when proper variation allowances are made, is still useful in high latitudes: but because of the counter-acting magnetic effects of a large mass of metal, it was quite useless when mounted on the tractor itself.
Indeed the magnetic north pole is presently situated in northern Canada, about 11 degrees from the true North Pole.
True, a compass needle indicates the direction of the magnetic north pole.