OTTAWA – A filing with the U.S. securities regulator says the Canadian government unloaded its remaining stake in General Motors for about C$3.26 billion.
But it’s not immediately clear exactly how much of that amount Ottawa will pocket, or how much will go towards fees and charges.
Get weekly money news
A document posted by the U.S. securities and exchange commission overnight says Ottawa sold nearly 73.4 million GM shares Monday for about US$35.61 each.
The government announced Monday it had sold off the rest of its GM stock in an unregistered block sale to Goldman Sachs & Co.
-
![]()
Housing experts say New Brunswick market becoming more challenging for first-time buyers -
![]()
Nova Scotia college instructors enter second strike week as they look for better wages and job security. -
![]()
Money Matters with Aspire Wealth Partners -
![]()
Nova Scotia community groups seek clarity on how far-reaching budget cuts will be
But Ottawa did not disclose how much cash it made from the transaction, nor how much the deal would help the government’s bottom line.
The cash injection from the sale will help the Harper government overcome the oil slump and deliver on its central promise to balance the election-year budget.
Comments
Want to discuss? Please read our Commenting Policy first.