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There's a perceived stuffiness to the waistcoat these days, equating them more with cartoon tycoons than modern office types. This season, however, the classic three-piece suit - now slimmer, sharper and better co-ordinated - reads more Wall Street than Rich Uncle Pennybags. Rest assured that either way, though, you'll look like a million bucks

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Three-piece suit on the runwayChris Moore/Catwalking/Getty Images

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Three-piece suit the real way Philip Sparks blazer, $650, waistcoat, $325, trousers, $325, bag, $575 through www.philipsparks.com. Esprit dress shirt, $59.50 through www.esprit.com. Tommy tie, $49 through www.tommy.ca. Ermenegildo Zegna shoes, $685 through www.zegna.com. Oliver Spencer scarf, $120 at Oliver Spencer in Toronto (647-348-7673). Roots watch, $135 through www.roots.com.

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