Debt Ceiling

debt ceiling: An even bigger worry than the shutdown of non-essential U.S. government services, which started Oct. 1, is the need for American political leaders to raise the U.S. government's debt ceiling, which will be reached Oct. 17, according to CTV. "If it looks like we are headed for a collision on the debt ceiling, which increasingly it does look like, that's the much more dangerous prospect for the markets," Porter said and TORONTO -- Markets are likely in for more volatility following last week's partial U.S. government shutdown -- one symptom of a political impasse that has the potential to slow growth in the world's biggest economy. "The second one is scary," said Doug Porter, chief economist at BMO Capital Markets. (www.immigrantscanada.com). As reported in the news.