Nothing but bluebirds

More from the recent-memory hole. From a Terry Roberts report in the Telegram of November 22, 2008, quoting MUN economist Wade:

Locke stressed, however, that it's not all doom and gloom.

In historical terms, commodity prices are still strong, he explained, and there are positive signs everywhere.

He singled out the confidence shown by the Iron Ore Company of Canada in Labrador West, where a major expansion is planned.

"That should tell you everything you need to know. That company believes the future is bright for them and they're increasing their capacity now to take advantage of an improving situation in the future," he said.