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Posted AT 10:31 PM EST on 29/09/08

Canadians brace for 'bloodbath' as credit tightens, money dries up

Globe and Mail Update

OTTAWA and TORONTO — Away from Wall Street and Bay Street, the economic engines that power the North American economy are sputtering for lack of fuel and lubricant. The failure of U.S. politicians to secure a financial rescue Monday and the stock-market collapse that ensued now threaten to make life in the real North American economy even worse.

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