RedactedNarrative: Vessel 1 was leaving James Bay westbound traveling at approximately 25mph.  V1 was traveling too close to the canyon wall when it struck a rock that was below the water line.  The vessel began to take on water so the operator and passengers secured it to the canyon wall and waited for Ranger''s assistance.  The operator stated that the vessel would most likely be totaled, he was unsure because the damage to the vessel was under water.