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Preheat the oven to 350 degrees F. Grease and flour a bundt pan or tube pan.
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Cream together the butter, oil, brown sugar and maple syrup.
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Add the eggs one at a time, beating well after each addition.
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Beat in the vanilla extract.
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Sift together the flour, baking powder, baking soda, cinnamon, nutmeg and salt.
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Fold the dry ingredients through the creamed mixture alternately with the applesauce, beginning and ending with the dry ingredients.
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Spread the batter evenly into the prepared pan and bake at 350 degrees F for 60-70 minutes or until a wooden toothpick inserted in the centre comes out clean.
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Cool the cake in the pan for 10 minutes before turning out onto a wire rack to cool completely. When completely cool, add the glaze before serving.