The Canadian Press

2015-04-09 | Ottawa GM Shares

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The finance minister says he didn't need to sell the government's remaining shares in General Motors to balance the federal books. Joe Oliver says his department would have taken into account the approximate value of those shares in calculating the budget. (A filing with the US securities regulator says the Canadian government unloaded its remaining stake in General Motors for about 3.26-billion dollars. The government bought the G-M shares as part of the 2009 effort to help bail out the then-struggling automaker.)

Date: 2015-04-09
Placeline: OTTAWA.
Source: The Canadian Press
Length: 13 seconds

Transcript Prediction: << if we hadn't sold them we still could have made a provision for what an estimate you know that's the mated number would have been and then we would of course have had to make an adjustment for the actual number >>


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