22 Oct Cedar Leaf Capital

Cedar Leaf: Indigenous Ownership in Capital Markets- The First Indigenous Majority-Owned Investment Dealer in Canada

The announcement of Cedar Leaf Capital as the first Indigenous-led, Indigenous-owned investment dealer in Canada, marked a historic milestone. This development marks the establishment of Canada’s first Indigenous majority-owned investment dealer, an initiative marking a major step in the country’s capital markets. The firm will focus on working with publicly traded companies listed on various exchanges, as well as public governments when issuing bonds. It will help provide liquidity in the market, facilitate access to capital, and create opportunities for Indigenous communities. With three Indigenous shareholders and Scotiabank as a partner, the firm is set to launch on October 17th, 2024, pending regulatory approval. 

Mission and Focus Areas: The firm’s mission is to become a trusted investment dealer, collaborating with other firms to help publicly traded companies and governments secure and sell bonds to investors. By addressing the growing focus on economic reconciliation and Indigenous participation in major projects, the firm seeks to add value in a unique space. 

The newly appointed CEO Clint Davis notes, “This will be the first Indigenous majority-owned investment dealer. A lot of publicly traded companies and major issuers in Canada have public commitments to work with Indigenous communities, and we want to play a role in ensuring that Indigenous voices are part of these transactions.” 

Inspiration and Vision: Davis draws inspiration from Indigenous leaders like Billy Diamond, who challenged conventional thinking and demonstrated that Indigenous communities could own and operate significant businesses, such as an airline. He is particularly excited by the rise of Indigenous entrepreneurs, especially young people entering new markets and creating value for both their communities and the wider economy. 

“It’s thrilling to see Indigenous businesses breaking down barriers,” Davis said. “I’m inspired by young Indigenous leaders who are driving growth and redefining success in various industries.” 

Defining Success: Success for the firm will be measured by its ability to generate revenue, become sustainable, and earn the trust of its clients. Equally important is becoming an employer of choice for Indigenous youth interested in capital markets. Additionally, the firm aims to create value for its Indigenous shareholders, including Nch’Kay (Squamish Nation), Des Nedhe (English River First Nation), and Rama First Nation, as well as Scotiabank. 

By opening up access to capital for Indigenous businesses, the firm also seeks to position itself as a trusted advisor, working closely with companies that want to engage with Indigenous Nations in meaningful ways in building economic reconciliation outcomes. 

Commitment to Transparency and Growth: Transparency and commitment are at the heart of Cedar Leaf’s approach. Davis stressed the importance of working hard to establish the company’s reputation in this new area of capital markets while helping pave the way for other Indigenous businesses to enter the space. 

“We’re committed to being transparent with our shareholders, our employees, and everyone we work with,” Davis explained. “Our goal is to create value, not just for our shareholders but for Indigenous communities across Canada.” 

Growth in the Indigenous Economy: The Indigenous economy has grown significantly in recent years, particularly in major infrastructure projects, renewable energy, and resource development. Indigenous communities are increasingly involved in projects on Crown Land, creating opportunities for Indigenous businesses to play a central role. Davis also highlights the rise of Indigenous entrepreneurship, with more Indigenous individuals starting businesses to achieve personal and professional goals, further contributing to the economy. 

Lessons for Indigenous and Non-Indigenous Groups: Cedar Leaf is working to break down capital barriers preventing Indigenous businesses from participating in any industry, whether it’s IT, forestry, mining, or capital markets. He encourages both Indigenous and non-Indigenous groups to see the strength of Indigenous ownership and the commitment of communities to diversify and explore new business opportunities. 

“There’s nothing stopping Indigenous businesses from succeeding in any industry in Canada,” Davis stated. “While there are challenges, our journey shows that with the right support and determination, Indigenous communities can thrive in spaces like capital markets.” 

Indigenous Shareholders and Partnerships: The investment dealer’s ownership structure is a testament to the strength of its partnerships. The three Indigenous shareholders—Nch’Kay (Squamish Nation), Des Nedhe (English River First Nation), and Rama First Nation—have a proven track record of successful leadership and business ventures. Their involvement is central to the firm’s growth and success. 

Leadership and Economic Reconciliation: Leadership, is about breaking through perceived barriers and demonstrating that Indigenous communities can succeed in business, no matter the industry. He stresses the importance of listening, learning, and bringing in the right people to make informed decisions. 

“Leadership is about pushing past the ‘no’s’ that Indigenous communities often hear and exploring what’s possible. Everything is possible for Indigenous communities in business,” said Davis. He also emphasized the importance of hiring young Indigenous talent, creating opportunities for them to enter an industry that may have previously seemed inaccessible. 

Conclusion: Canada’s first Indigenous majority-owned investment dealer is poised to have a transformative impact on both the capital markets and the Indigenous economy. By fostering transparency, growth, and strong partnerships, Cedar Lead Capital is committed to creating value for Indigenous Nations and opening doors for future Indigenous businesses in capital markets. This is Indigenomics in action. 

Learn more at: Cedar Leaf Capital