Cedar Leaf Capital, a majority Indigenous-owned investment firm, receives regulatory approval and plans to become wholly Indigenous-owned.

Cedar Leaf Capital is set to become Canada's first majority Indigenous-owned investment dealer, launching later this month after receiving regulatory approval. The firm is a partnership between Scotiabank (30% stake) and Indigenous groups, including Nch'kay Development, Des Nedhe Group, and Chippewas of Rama First Nation (70% total). Its mission is to enhance Indigenous economic participation and promote economic sovereignty, with plans to eventually become wholly Indigenous-owned.

October 16, 2024
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