"The large mass of rock, acting as a monolith (thus resembling high-angle asteroid impact), struck with great force the sediments at bottom of Gilbert Inlet at the head of the bay. The impact created a large crater and displaced and folded recent and Tertiary deposits and sedimentary layers to an unknown depth."
With updated modeling showing that impact triggering the glacier to lift and subsequently release even more material, it's shocking anyone in the bay survived at all.
Edit - found a video with said papers modeling implemented, pretty neat: https://www.youtube.com/watch?v=B1axr5YGRwQ