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Flaherty does not want to liquidate shares of GM Canada

The Federal Minister of Finance Jim Flaherty does not want to commit to sell shares of automaker General Motors owns Ottawa.

The federal government and Ontario have disbursed $ 13.7 billion to help save North American automakers bankruptcy, there are more than three years.

To recover the money invested by taxpayers, both levels of government should sell GM shares at double their current price.

Minister Flaherty argued Friday that he did not sell shares half of their value when working in the private sector, even without adding that Ontario was free to do as he wished.

This statement is in response to the Minister a report in the Globe and Mail in which it is reported that the Ontario Minister of Finance Dwight Duncan ask Ottawa to elapse titles.

In reaction to the article, a spokesman for Mr. Duncan says the province would "when the time and context would be appropriate (...) to ensure that Ontarians get the best return on their investment" .

Mr. Flaherty was Friday Victoria, British Columbia, to begin pre-budget consultations national in the form of roundtable discussions with leaders of communities and organizations, in anticipation of the federal budget.

Mr. Flaherty, the main objective of Ottawa is to reconnect with the fiscal balance, which means reducing expenditures, but completely curb government initiatives.

Flaherty does not want to liquidate shares of GM Canada picture #1

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