Studies of fossils collected from the Nictaux–Torbrook and Bear River synclines (Nova Scotia) allow a reexamination of the Siluro-Devonian stratigraphy of the Meguma terrane. The location of this terrane relative to the main paleocontinents of the circumatlantic domain during this period is discussed. Wenlockian, Ludlovian, and Pridolian biostratigraphic horizons have been dated. The benthic fauna of the Torbrook Formation are assigned here to the Lochkovian, Pragian, and Lower Emsian. The Pridolian fauna shows northern European affinities. Thus, the Meguma terrane probably belonged to the North Atlantic domain, as for the Avalon terrane, and occupied a southern position in the "Euramerica" plate during this period. The Devonian fauna belongs to the "old world realm" and shows north Gondwanian and Rhenish affinities. As early as the Lochkovian, species known from both the Rhenish and north Gondwanian domains are recognized in Meguma, as well as others reported so far only from northwestern Africa, Iberian Peninsula, and (or) Armorican Massif. The presence of Rhenish fauna confirms the postulated location for the Meguma terrane during the Upper Silurian since this fauna is representative of southern Baltica marginal areas in Europe. On the other hand, the presence of north Gondwanian fauna implies close relationships with western European margin of Gondwana. The lack of a wide oceanic gap separating north Gondwana and Euramerica can explain the faunal exchanges during Lower Devonian times between western Europe and easternmost Appalachian province despite the presence of a physical barrier.