Nope.You would think that is true, but Physics.Org disagrees. http://www.physics.org/article-questions.asp?id=65 For the red on most compasses to be a North poled magnet on the pointer, it would need to be of South polarity.
You misread the Physics.org article.
It agrees with what I said.
The north (seeking) pole of a magnet (compass) points north.
The earth's magnetic north pole is, of course, a south (seeking) pole.