Partial Government Shutdown: House Speaker John Boehner

House speaker John Boehner: The S P/TSX composite index ran up 164.08 points to 12,894.41 after House speaker John Boehner said Republicans are offering legislation that will allow for a temporary increase in the debt ceiling, according to The Star. Boehner said the proposal involves extending the governments ability to borrow money through Nov. 22 but only if President Barack Obama agrees to negotiate over ending the partial government shutdown and a longer-term increase in the debt ceiling. Under the Republican plan, the partial government shutdown would continue. But that is a secondary issue for traders and Boehner said that issue would be discussed at a White House meeting later Thursday after the markets close and A sign that an agreement may be in the works to head off a possible default by the U.S. government was enough to push North American markets sharply higher Thursday. New York indexes had their second best day so far this year as the Dow Jones industrials surged 323.09 points to 15,126.07, the Nasdaq shot up 82.97 points to 3,760.75 and the S P 500 index rose 36.16 points to 1,692.56. (www.immigrantscanada.com). As reported in the news.