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What slide? Heffel auction approaches $18-million

Third-biggest numbers in Canadian art-auction history refute those who expected drop in market similar to London, New York

By JAMES ADAMS

TORONTO -- There is still considerable life in the Canadian art market, if the inaugural sale in the country's fall auction season is any indication.Yesterday in a downtown Toronto hotel ballroom, Heffel Fine Art held a two-part auction of Canadian painting, sketches, prints and sculpture and by the end of the last session, it had hammered down almost 175 lots valued at almost $18-million, including the 17-per-cent buyers' premium. FULL STORY 


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Banks' rosy forecast undermines election rationale


By RHÉAL SÉGUIN

QUEBEC -- Quebec will avoid a recession this year and next, according to two major financial institutions, contradicting the reason given by Liberal Leader Jean Charest to justify a snap election. The Globe and Mail has learned that, in separate economic updates the Desjardins Group and the National Bank will release in the coming weeks, economists contend the province will weather the slowdown better than most other parts of the country. FULL STORY 


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Tories promise stimulus, but not until the new year

Government foresees deficit, says aid for economy will have to wait until the budget

By CAMPBELL CLARK AND GLORIA GALLOWAY

OTTAWA -- Ottawa won't put forward spending packages to stimulate the economy until the new year and Canadians will have to wait for the aid for the struggling auto sector promised in yesterday's Throne Speech. FULL STORY 


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Rae to tout economic experience


By MICHAEL VALPY

-- Bob Rae formally launches his campaign to head the national Liberal Party today, arguing the economy needs his leadership in difficult days to come, a bold move given the baggage he's been tagged with since his days as Ontario premier. FULL STORY 


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