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HomeMy WebLinkAboutHuron Expositor, 2006-02-08, Page 6Page 6 February 8, 2006 • The Huron Expositor V1NGENT' FARM EQUIPMENT 0111 SEAFORTH 527-0120 EXETER 235-2121 www.teamvincent.com CASE U/ Opinion Who knew the news could be fun? From Page 4 Each day this section is updated with stories that, like ananova.com, offer a lighter slice of life. On Feb. 1 it featured a story about how South Dakota just passed a law making it legal for horseback and bicycle rid- ers to ride while intoxicated. Another story was about the Italian Prime Minister, who had to clarify with reporters that when he said he would practice abstinence during the upcoming election, he was joking. Choose the GIC that can put you ahead of the crowd. Financials GIC Plus Get the growth potential you've been looking for and guarantee your principal with a Market Growth GIC. Get ahead with surprisingly great income potential and protection of your principal with a Market Growth GIC from TD Canada Trust. Unlike regular GICs, Market Growth GIC returns are linked to the performance of stock market indices, so you have the potential for higher returns. But unlike stocks, your principal is guaranteed no matter which way the markets move. This RSP season, consider the Financials GIC Plus — one of our Market Growth GICs whose return is linked to the performance of the S&P/TSX Banks Index2. It offers the potential for Call us today at 1-800-235-0005 or visit www.tdcanadatrust.com/term higher returns and guarantees your original principal. For example, if you had invested in such a GIC on September 29, 2000, at maturity on September 29, 2005, you would have earned a remarkable 9.8% compound annual return. However, if the index had declined or remained unchanged over this period, you would have received no return, but your original investment would still have been secure. See how you can reach your RSP investment goals sooner. Contact a representative at TD Canada Trust before March 1, 2006. ID Canada Trust Banking can be this comfortable 1. The amount of the return, if any, on the Financials G1C Plus depends upon the change in the S8PASX Banks Index over the term of the GIC. The maximum return is copped at 60% fora fire year term and capped at 20% for a three year term. The madman return is subject to change at any time but such return for a spedfic GIC purchase a fixed on the date of purchase. The total percentage change in the index from September 29, 2000 to September 29, 2005, which would have been applcable to such a prodxxt, was 71.99%. Bemuse the maximum return on this GIC a capped at 60% the actual return would have been 60%. This return is equlvalerd to an annual compound rate of 9.86% over this period. For the period Apn113,1998 to April 13, 2001, the total percentage change in the S&P/TSX Banks Index, which would have been appkoble to such a product, was —5% consequently, such a GICOOrchased and held over that period world have yielded no return. The principal amount of the Financials GIC Plus wiM be repaid in NI at maturity. The minimum principal amount is $1,000 for nonregistered accounts and $500 for registered accounts. The product a not redeemable prior to maturity. A disclosure statement with complete details of the features of the Financials GIC Plus is available at you local TD Canada Trust branch. 2. The Financials GIC Plus product is not sponsored, endorsed, sold or promoted by Stordaerd & Poor's or the Toronto Stock Exchange, and neither makes any representation, worranty, or condition regarding the advisability of investing in this product. 'S&P" is o trademark of The McGraw-Hill Companies Inc. "TSX" is a trademark 6f TSX Inc. These marks hove been licensed for use by The Toronto -Dominion Bonk. These are just two websites. A simple internet search of "weird news," or any other variation of it, will surely give you plenty of news that's not too hard to swallow. Who knew the news could be so much fun? Seafoqh Food Bank serves town for 10 years To the Editor, The Seaforth and District Food Bank will shortly cele- brate its 10 years of service to individualsand families in Seaforth and area. "Celebrate"is, however not the term that should be applied to food insecurity. According to the Canadian Association of Food Banks' 2005 annual survey, 823,856 people in Canada used food banks during a one-month period in 2005. Of these, 40.7 per cent were children. The use of Food Banks has risen dramatically by 118 per cent since 1989. Although the majority of clients are on some form of government social assis- tance, many are also the working poor. According to the statistics on poverty rates in Canada, hundreds of thousands of Canadians live below the poverty line, Hunger, sug- gests the Canadian Association of Food Banks annual survey "is related to economic insecurity." Food insecurity is related to a decrease in income security benefits, which have been steadily eroded over the past 10 years. While 71 per cent of Canadians consider food insecurity to be a problem, there were only five men- tions of food bank issues in the House of Commons between February, 2004 and June, 2005. At the local level, the need for food bank services con- tinues. An average of 160 persons per month (both adults and children) were served during 2005. This number compared to 173 persons served during 2004 and confirms the need for food bank services by area residents. Angeline Swart continued in her role as coordinator of volunteers, and received the Humanitarian award from - Huron East for her efforts. At present, Angeline will continue her role with help from Dave Sharpe and Paul Spittal. During 2005, Food Bank volunteers Rarticipated in several fund-raising activi- ties, including the Seaforth Fall Fair and the Seaforth Homecoming event and all donations received from these events were appreciat- - ed. Individuals, organizations and businesses were gener- ous in their support of the Food Bank, allowing us to continue to provide a good level of service to our clients. The . Food Bank store operates on Tuesdays and Thursdays, supported by approximately 20 volun- teers, under the direction of the coordinator of volun- teers. The business of the Food Bank is conducted by a' volunteer board represent- ing seven area churches. With the closing of St. Columban Roman Catholic Church, the board has lost representation from that community. The Seaforth and District Food Bank is a registered charitable organization, and our mission statement is "A Christian way of caring by sharing with others." Donations of time, food or financial donations are most welcome. Thanks to all who sup- ported the Seaforth and District Food Bank during 2005, particularly over the Christmas season. Sincerely, Joan Spittal Chairperson Seaforth and District Food Bank