Cedar Leaf Capital Inc. obtains regulatory approvals to become first majority Indigenous-owned investment dealer in Canada

On September 24, 2024, Cedar Leaf Capital Inc. (“Cedar Leaf Capital”) obtained regulatory approvals to become the first-to-market majority Indigenous-owned investment dealer in Canada. Cedar Leaf Capital will offer institutional clients in all provinces and territories of Canada financial advisory services, with a particular focus on acting as a placement agent or underwriter of Canadian fixed income securities offerings.

Cedar Leaf Capital is the result of a partnership between The Bank of Nova Scotia, Nch'kay Development Limited Partnership (Squamish First Nation), Des Nedhe Financial LP (English River First Nation), and Chippewas of Rama First Nation.

McCarthy Tétrault LLP advised Scotiabank and Cedar Leaf Capital with a team led by Sean D. Sadler, Robert J. Richardson and Andrew Parker that included Cristian Blidariu, Daanish Pasricha (Securities Regulatory), David P. Badour, Gurvir Sangha, and France Courtemanche (Business), Christine Ing, Michael Scherman (Technology), Justin Lapedus (Financial Services), Patrick Pengelly (Labour and Employment) and Len Nesbitt (Tax).