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« February 3, 1966 THE NEWS SUPERIOR Hours every do 8 a.m. to 9.30 p.m. COIN and LAUNDRY DRY CLEANING Rear of Shopping Plaza - Terrace Bay - Phone 9787 By using as many washers as required at the same time, a family's whole weekly washing can be completed in less than two hours. One dryer holds up to fhree washer loads. Save your time and hot water for other needs. Steam drying cuts down on ironing time too. Frost-free fingers DRY CLEANING - No matter what kind of fabric or color--our experienced attendant will help you sort and prepare the gar- ments for best results. An eight pound lood for iust $2.00. HALF HOUR SERVICE HOURS - 1:00 p.m. to 4:00 p.m. MAYTAG WASHERS = 25¢ PER LOAD LOADSTAR STEAM DRYERS - 10¢ PER 10 MIN. THIS WEEK AND NEXT by Ray Argyle The Times Are Good By the usual reading of the calendar and the weather signs, Canada was in the depth of mid- winter this week. But if it was having any effect on the econo- my, there was little sign of it as the country went into its 60th month of unbroken business growth. Canada weathered _ several temporary recessions in the 1950s, but the last five reces- sion-free years set a record both here and in the United States. Spurred on by slosh-over of the Great Society in the U.S., unemployment fell from 7.8 per cent. at the beginning of 1961 to under four per cent. this month. Despite substantial pockets of poverty -- which showed up more strikingly than ever in the face of the country's general prosperity --- times were good for most Canadians this. winter. Department stores, after a sell-out Christmas season, were still crowded with free-spending shoppers. Nearly half the coun- try's population was under 25, teen agers were staying longer in school than ever before, and industry and business showed In B.C., where the per capita income was already 12 per cent. above the national average, the boom has been led by the forest industry (enough new pulp mills now under construction to double production) and power development on the Columbia and Peace rivers. But enough problems . re- mained to worry the nation's economists and politicians. Ottawa saw a new session of Parliament convene under a new team of economic experts, potentially the strongest the country has ever had. The post- ing of Mitchell Sharp to the fi- nance ministry, Robert Winters to trade and commerce and Jean Marchand to the new depart- ment of manpower gave hope that the Federal Goverment in- tended to come to grips with the blights on the Canadian econo- my. Among these were the con- tinued deficit the country has run up in foreign exchange by buying more than it sells abroad. The deficit doubled last year to more than a billion dol- Schreiber Phone 155 Congratulations to the sponsors - Terrace Bay Teen Town - and all who are assisting in pre- senting this district's first Snow Festival - on February 4 - 5 and 6th. Page 5 WELCOME VISITORS to rm sawn =THE SNOW FESTIVAL KRREEEKRRERERERERE FEBRUARY 4-5 & 6th. We'll be seeing you at the events no doubt .... Caccamo's Ltd. TERRACE BAY Serving the North Shore for over half a century. no let-up in plans for capital spending. Anywhere you looked around Canada, big things were hap- pening this week. New Brunswick was caught up in its revolutionary plan to switch the main financial bur- dens of municipalities to the provincial government, while a $200 million base metal mining project went full blast ahead. Quebec's government-owned General Investment Corp. was hard at work to set up new in- dustries while private capital, symbolized by the new $60 mil- lion General Motors plant at Ste. Therese, Que., continued to pour in. Ontario had so much expan- sion to talk about that it would take a good-sized book to list its new projects. Prairie farmers looked ahead to their best year in history. And the prairie econ- omy continued to burgeon out with such industries as Sas- katchewan's potash mines which already have created 24,000 new jobs. Alberta at last began to exploit its immense oil sand re- serves, with $250 million being spent at Fort McMurray, which now ranks as Canada's newest boom town. lars. As a result, Mr. Sharp. warned, Canada's expansion rate will drop to about four per cent. after price adjustments, com- pared to the six per cent. real growth of 1965. The Canadian stock market, after hitting a peak in May of 1965, was still lagging, in con- trast to the continued rises of stock prices in the U.S. And the country has also failed to train enough skilled workers to meet the demands of industry even today. Regional differences in living standards continued as barriers to national prosperity. The Eco- nomic Council pointed out that Canada had failed to close the gap even partially in the past 40 years. Finally, rising costs verging on creeping inflation brought price increases in a multitude of goods and services. The eternal conundrum of prosperity, the boom and bust nightmare, was there as always. After five years of steady growth, Canadians could only hope that the mo- mentum of expansion would carry us safely through any fu- ture slowdowns. CURLING NEWS (Continued page 4) he filled in as sweeper for all three games. Don't forget to sign up for the Sweetheart Bon- spiel to be held February Il, 12 and 13. The first 16 rinks will be accepted and the quota is almost- filled already. wy "4 DN 777 ret E See you at the YSNOW FESTIVAL Feb. Ath. 5th. & 6th. Island View