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Posted AT 7:17 PM EST on 29/09/08

Markets bloodied as bank bailout package fails

STEVE LADURANTAYE

Globe and Mail Update

Widespread panic spread through North American stock markets Monday as a historic $700-billion (U.S.) bank bailout package went down to defeat. Toronto stocks fell 840.93 points, or 6.93 per cent, to 11,285.07, marking the biggest daily point drop and a loss of more than $100-billion (Canadian) in market value.

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