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Posted AT 4:54 AM EST on 20/08/08

Slump in U.S. housing market helps drag B.C. economy to new low

From Wednesday's Globe and Mail

VANCOUVER — British Columbia's economy is sputtering as the U.S. housing crisis continues to undermine exports, driving down growth this year to its lowest levels since the Liberals took power in 2001, according to estimates issued yesterday. That anemic growth will continue into 2009, leaving the Liberals facing voters with a weakened economy and a faltering housing market in the provincial election set for May.

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