I always found the second word on this card really hard to read, sure I know what it should say (here for) but I tend to read it as "hi-fer"... guess that's being bilingual for you. Also matching card for a matching stamp? Yes!
Too bad the "Alouette II" stamp wasn't cancelled, as you guessed it is a satellite. Launched in 1965, "alouette" is French for "skylark" and also the title of a French-Canadian song that is taught in schools (presumably across Canada.)
Watson Lake was "closer" than I expected