In the late 18th-century, the
North West Company (NWC) had a trading outpost on the lake. The
Hudson's Bay Company (HBC) also set up a post in 1796, called Cappoonicagomie, but abandoned it around 1806. In 1815, the HBC reestablished the outpost. The following year, both the NWC and HBC posts burned down. The HBC rebuilt that same year. Four years later, a new men's house was built. The HBC post (called variously over time as Capoonacaugamy, Capenocoggamy, Caponicaugummy, Capoonicaugummie, Kabinakagimi, and Kabinokagami) functioned as an outpost of New Brunswick House for its entire existence. It closed in June 1824. An outpost named Kabinagagamingue operated around 1888, which may have been the same location as Cappoonicagomie. It no longer operated after that year. ==Portages connecting to other drainage basins==