General Motors Is Losing Canadian Investment

General Motors Company (NYSE:GM) saw one of its biggest investors divest itself of shares yesterday afternoon. The investment arm of the Canadian government sold 30 million shares in the company on Tuesday afternoon, according to a statement from the group. That sale was worth around $1.1 billion when the market closed yesterday, but the large size of the sale probably resulted in a discount.

Canadian Minister for Finance Jim Flaherty said,  “The Government of Canada is committed to exiting from ownership of General Motors Company (NYSE:GM) as quickly as feasible.” The shares are held by the government...