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Ontario Finance Minister Dwight Duncan says it’s time for the government to get out of the auto business, calling on Ottawa to unload shares of General Motors even as the stock trades at less than half the price taxpayers would need to get their bailout money back.

More than three years after the two governments contributed $13.7-billion toward an unprecedented bailout of the North American auto sector, one of the main players in that decision is showing little interest in playing the long game with the remaining government-owned shares of GM.

 



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Ontario Tells Canadian Government That It Is Time To Move On And Sell GM Stock At A Loss

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