Chicoutimi is a city in Quebec , Canada . The name comes from Shkoutimeou , which means `` the end of the deep water '' in the Montagnais language , one of the Algonquian languages . Situated at the confluence of the Chicoutimi and Saguenay Rivers , the placename is derived from Shkoutimeou , meaning `` the end of the deep water '' in the Montagnais language .