The memorial in the town centre commemorates the sinking of the SS Caribou on 14 October 1942. The ferry was making its regular crossing of the Cabot Strait when a German submarine torpedoed it; the ship sank in under five minutes. Of the 238 passengers and crew, 137 drowned — an enormous loss for a small community that depended on the crossing.
The monument lists the names of the dead. The tragedy is still remembered in the region, and the memorial is a quiet, sobering stop near the ferry terminal that puts the route in a different perspective.