A provision in the 2006 agreement guarantee $500 million in penalties levied on the Canadian lumber industry would go to American charities.
US housing recovery and lower loonie are leading growth, report says.
International Wood Markets survey says overall global softwood production grew by only 2%.
U.S. could seek billions in penalties over allegations B.C. broke 2006 softwood lumber agreement
Canada is being brought before an international court by the US, which alleges BC is breaking the 2006 softwood lumber agreement by selling the province’s timber at artificially low prices.