The Financial Post reports in its Tuesday edition that RBC Capital Markets says a Supreme Court of Canada ruling on aboriginal land could eventually have as severe an impact on North American lumber supply as the mountain pine beetle. The Post's Jonathan Ratner writes that the ruling entitles the Tsilhqot'in Nation in British Columbia to dictate what logging activities take place on its newly recognized 1,700 square kilometres of land. RBC analyst Paul Quinn says, "Now with an established precedent to title, the provincial/federal governments in Canada will have to consult, and gain the consent of the respective first nations when development projects/timber harvesting concern unceded land." He says, "It will likely take more than a decade to understand the full impact of this SCC ruling." Mr. Quinn believes larger B.C. companies are most at risk since they have long-established tenure rights and, therefore, have required fewer first nation partnerships. He highlighted Conifex Timber (100 per cent of capacity in B.C.), Western Forest Products (100 per cent), Canfor (73 per cent), West Fraser Timber (40 per cent) and Interfor (40 per cent) as companies with significant lumber interests in the province.