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By: Fraser Valley Credit Counsellors  09-12-2011

Canada could come out of the rancorous U.S. debt-ceiling debate unscathed, but might face far more serious consequences if legislators fail to firmly resolve the issue, TD Economics said in a report Thursday.

"The impact on Canada could range from a hiccup in our base-case economic outlook, to one in which we are thrown back into a recession that could have a global reach," chief economist Craig Alexander said.

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