Vague memory snippets coming back...

The name of the album which included the song you're after was Feelin' Good by the Laurie Bower Singers on the Canadian Talent Library label, I believe. Laurie was the lead trombonist in the fabulous Spitfire Band (a popular Canadian big band). But he was also a brilliant vocal arranger.

This song is not a folk song, so I recommend that you also post your inquiry to other lyrics forums in other newsgroups.