Eight leaders have gathered in Toronto to discuss pressing issues of global concern before 20 leaders from across the globe gather for the G20 Summit. On the agenda, industrialized and developing nations will discuss the global economic recovery.
In attendance, Asian leaders including South Korean President Lee Myung Bak, Chinese President Hu Jintao, Indonesian President Susilo Bambang Yudhoyono, Indian Prime Minister Manmohan Singh and new Japanese Prime Minister Naoto Kan (pictured) will meet leaders from other nations over the weekend.
With China's recent announcement to float the yuan just before the summit's kick-off, debate and speculation have been sparked.
"The initial signs were positive," Obama said, speaking on China's pledge of currency reform, "but it's too early to tell."