USA

Weyerhaeuser Canada president Anne Giardini joined with Forestry Minister Michael Gravelle and Wabaseemoong (Whitedog) Independent Nations Chief Eric Fisher in signing an historic shareholder-managed Sustainable Forest Licence for the Kenora Forest Thursday.

Lumber futures rose the maximum permitted by the Chicago Mercantile Exchange on Tuesday, reaching a four month high, as the U.S. disputes the pricing of wood imported from Canada, the biggest foreign supplier reports Bloomberg.

The United States has requested consultation with Canada under the Softwood Lumber Agreement. At issue is the apparent unfair under-pricing of timber harvested from public lands in the Interior region of British Columbia.

MR. STERN: Hi everybody. Thanks for coming. We've just completed the ninth meeting of the Major Economies Forum here in New York. It was attended by officials from 17 major economies, both developed and developing.