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I initially thought this cone was for indicating an ice problem, but considering how much of it is below the ice I think its actually for indicating an under water hazard for canoers. The water is very shallow in that area.
Tomorrow it is supposed to be -11C with a 30 km/h wind all day and into the night. Might be too cold for the Tuesday group ride. I'd be more likely to go if I wouldn't have a headwind the entire trip home.