GM Quits the Toronto Stock Exchange

General Motors just announced that it will voluntarily delist its common stock from the Toronto Stock Exchange.  

The company promises delisting from the TSX will not affect its other listing on the New York Stock Exchange, which accounts for the vast majority of GM’s daily trading volume. Because of the low daily volume of TSX listed shares GM has decided the costs associated with maintaining a dual listing are now superfluous.

The shares will continue to trade on Bay Street until the close of markets on Nov. 30, 2017.