A large man-made lake, Williston Lake, has been formed on the upper reaches by the construction of the W. A. C. Bennett Dam for hydroelectric power generation. Prior to its flooding, the confluence of the Finlay and Parsnip Rivers at Finlay Forks was distinct. A half mile east of that location were the half-mile long Finlay Rapids and a further seven miles east is the Peace Pass, which separates the Muskwa Ranges and the Hart Ranges of the Canadian Rockies.