UPDATE 1-Toronto listing for GM shares appropriate- Canada

(Adds background on GM IPO)

TORONTO, Aug 13 (BestGrowthStock) – It would be appropriate for
General Motors Co [GM.UL] to list its shares in Toronto as well
as in the United States as part of any initial public offering,
Canadian Finance Minister Jim Flaherty said on Friday.

“It is their decision, not ours, of course, at the end of
the day, but it would seem reasonable to me and appropriate
that there be a listing on the Toronto Stock Exchange,” he told
reporters in Whitby, Ontario.

“The figures I think yesterday speak for themselves. The
company has had a remarkable turnaround.”

The Canadian government contributed to the controversial
bailout of the automaker and is a partial owner as a result.

General Motors Chief Executive Ed Whitacre resigned on
Thursday in an abrupt shift that came as the automaker hit the
homestretch in preparing a stock offering to pay for its
bailout. [ID:nN12271372]
(Reporting by Jeffrey Hodgson; with additional reporting by Ka
Yan Ng in Ottawa)

UPDATE 1-Toronto listing for GM shares appropriate- Canada