Scotiabank says Cedar Leaf Capital is set to become Canada's first majority Indigenous-owned investment dealer after getting the green light from regulators.
As an investment dealer, Cedar Leaf intends to help business and government clients raise money through debt issuance, while it will also potentially expand into advisory services and equity capital markets.
The firm is being launched as a collaboration between Scotiabank, which will hold a 30 per cent stake, and Nch'kay Development, Des Nedhe Group, and Chippewas of Rama First Nation that will each hold equal portions of the remaining 70 per cent.
Scotiabank says Cedar Leaf plans to start operations later this month now that regulatory approvals are in place.
Cedar Leaf, to be led by Clint Davis as CEO, aims to support Indigenous economic participation, create commercial opportunities for Indigenous communities and work with clients also looking to promote economic sovereignty.
Scotiabank says Cedar Leaf will use the bank's infrastructure and systems as it ramps up operations, while Scotiabank's long-term plan is to divest its stake and have the firm become wholly Indigenous owned.
Prime Minister Justin Trudeau is testifying today, for the second time, as part of the federal inquiry into foreign interference.
Researchers say billions of litres of discarded Canadian milk has a massive financial, environmental and nutritional impact.
The next payment for the Canada Child Benefit is set to land in bank accounts this Friday, according to the Canada Revenue Agency
Serena Williams says she had a benign branchial cyst "the size of a small grapefruit" removed from her neck and "all is OK."
The Department of National Defence confirms unexploded bombs from the Second World War lie buried inside the Mer Bleue Bog, a popular hiking and skiing area in Ottawa’s east end.
At the heart of the ancient city of Petra, Jordan, carved into pink sandstone cliffs, lies an elaborate monument known as the Khaznah, or the Treasury. And buried beneath that edifice, archeologists recently discovered, is a tomb with at least 12 human skeletons and artifacts that are estimated to be at least 2,000 years old.
A Russian man rescued after 67 days adrift in a small inflatable boat in the Sea of Okhotsk described Wednesday how he survived by battling shivering cold and drinking rain water.
An expert panel of doctors and researchers say Canada needs to learn from the COVID-19 pandemic and take action before the next health emergency strikes.
More than 200 Air India passengers should be on the ground in Chicago this morning after their flight was diverted to Nunavut due to a bomb threat.
The Department of National Defence confirms unexploded bombs from the Second World War lie buried inside the Mer Bleue Bog, a popular hiking and skiing area in Ottawa’s east end.
Mounties are expected to release new details Wednesday about their investigation into the disappearance of Amber Manthorne, who was reported missing on Vancouver Island more than two years ago.
More than 200 Air India passengers should be on the ground in Chicago this morning after their flight was diverted to Nunavut due to a bomb threat.
The next payment for the Canada Child Benefit is set to land in bank accounts this Friday, according to the Canada Revenue Agency
Check your pockets: the winning ticket for Tuesday night’s $65-million Lotto Max jackpot was sold in Toronto.
Impaired driving charges against a Brampton, Ont., man have been dismissed after his lawyer successfully argued that his Charter rights were breached during his Sudbury-area arrest.
Israeli airstrikes pounded areas across Lebanon, killing at least 21 people, officials said Wednesday, including more than a dozen in a southern town where Israeli bombardments in previous conflicts are seared into local memory.
A photojournalist who covered world events such as the conflict in the former Yugoslavia, the fall of the Berlin Wall and Nelson Mandela's release from prison was fatally stabbed during a weekend hike in the San Gabriel Mountains and his 19-year-old son has been charged in the killing.
A Russian man rescued after 67 days adrift in a small inflatable boat in the Sea of Okhotsk described Wednesday how he survived by battling shivering cold and drinking rain water.
Prosecutors in the Netherlands on Wednesday asked judges to convict a Dutch woman for joining Islamic State in Syria and keeping two Yazidi women as slaves and sentence her to eight years in prison.
Former U.S. President Donald Trump on Tuesday refused to say whether he's spoken with Russian President Vladimir Putin since leaving office, but if the two did speak Trump said, it would be 'a smart thing' for the United States.
Alexei Moskalyov, a Russian man jailed for two years for discrediting the army after his daughter drew an anti-war picture, alleged after his release on Tuesday that he had been held in dreadful conditions.
Prime Minister Justin Trudeau is testifying today, for the second time, as part of the federal inquiry into foreign interference.
Prime Minister Justin Trudeau says he has seen a list of Conservative MPs who have been deemed vulnerable to foreign interference.
The British government says India should co-operate with Canada's investigation into accusations that its government has been involved in an escalating number of violent crimes in Canada.
An expert panel of doctors and researchers say Canada needs to learn from the COVID-19 pandemic and take action before the next health emergency strikes.
A Winnipeg high school student placed second in an international neuroscience contest where she competed against nearly 3,000 other students from 40 countries in Chicago, Ill.
The Public Health Agency of Canada says a Listeria outbreak linked to several plant-based milks appears to be over with no additional cases reported since August.
At the heart of the ancient city of Petra, Jordan, carved into pink sandstone cliffs, lies an elaborate monument known as the Khaznah, or the Treasury. And buried beneath that edifice, archeologists recently discovered, is a tomb with at least 12 human skeletons and artifacts that are estimated to be at least 2,000 years old.
Expect to see more northern lights in unusual places as the sun continues to sizzle, space weather forecasters said Tuesday.
Hong Kong's oldest zoo is seeking answers in a monkey medical mystery after nine animals died in two days, including three members of a critically endangered species.
Lawyers for Sean ‘Diddy’ Combs asked a New York judge Tuesday to force prosecutors to disclose the names of his accusers in his sex trafficking case.
Rock guitarist Jake E. Lee, who’s played with heavy metal heavyweight Ozzy Osbourne, was hospitalized early Tuesday morning after he was shot “multiple times†in Las Vegas, a representative for the musician told CNN in a statement.
Rufus Wainwright says he was 'horrified' to learn that Donald Trump played his cover version of 'Hallelujah' during a presidential campaign event in Pennsylvania on Monday.
The diplomatic row between Canada and India could derail a trading relationship that already underperforms its potential, experts warn.
Researchers say billions of litres of discarded Canadian milk has a massive financial, environmental and nutritional impact.
Scotiabank says Cedar Leaf Capital is set to become Canada's first majority Indigenous-owned investment dealer after getting the green light from regulators.
Check your pockets: the winning ticket for Tuesday night’s $65-million Lotto Max jackpot was sold in Toronto.
In 2018, Jason Bennett packed up and moved to the South American country of Colombia permanently after "falling hard" for MedellÃn, once one of the most notorious cities in the world. He now works for himself, running two companies, from his "adopted home."
Life extension might be a lofty — and dubious — pitch, but it’s a common theme among new social and wellness clubs, opulent high rises and private retreats.
Serena Williams says she had a benign branchial cyst "the size of a small grapefruit" removed from her neck and "all is OK."
Johnny Gaudreau’s Columbus teammates were given a few options for how to handle their emotions during the Blue Jackets’ home opener.
The Winnipeg Jets have started the 2024-25 season undefeated on the ice and have seen a bump in season ticket buyers off of it.
The Ontario Provincial Police says the number of fatal collisions caused by distracted driving on the roads it patrols has increased by 40 per cent compared to this time last year.
Tesla CEO Elon Musk unveiled on Thursday his vision of a 'a fun, exciting future,' an 'age of abundance' full of his company’s self-driving cars without steering wheels, parking lots turned into parks and robots that will walk among the population – that he once again promised would be available within a few years.
Dozens of cars were pulled out of the Detroit River in west Windsor on Tuesday, causing many questions for Windsorites.
With the cost of inflation and shrinkflation, Maritimers are paying more for Halloween candy this year.
Sḵwx̱wú7mesh Úxwumixw (Squamish Nation) Chef Paul Natrall, the man behind Indigenous food truck Mr. Bannock, is bringing cooking classes on First Nations fare to schools and offices throughout Metro Vancouver.
The Celtic Colours Festival is taking place at venues around Cape Breton Island in Nova Scotia from Oct. 11 to 19.
Sometimes love is written in the stars, but for one couple, it’s written in the aurora borealis.
Canadian hip hop artist Dillan King says running 100 marathons in 100 days was not only the hardest thing he has ever done, but the 'proudest accomplishment' of his entire life.
James Taylor never expected to be walking home with a bag full of groceries he didn't buy.
This weekend marks the fifth anniversary of a large blizzard that paralyzed Manitoba.
There was an eye-catching mix of rainbows and lightning over Vancouver following a brief downpour this week.
Jeff Warner from Aidie Creek Gardens in the northern Ontario community of Englehart has a passion for growing big pumpkins and his effort is paying off in more ways than one.
Mounties are expected to release new details Wednesday about their investigation into the disappearance of Amber Manthorne, who was reported missing on Vancouver Island more than two years ago.
A semi driver who struck an overpass along Highway 1 while towing a modular home through B.C.'s Fraser Valley last week has been charged, authorities said Wednesday.
Advance polls close at 8 p.m. Thursday after record numbers of B.C. voters cast an early ballot on previous days.
Metrolinx has made significant changes to its senior leadership team as the provincial transit agency struggles to get two light rail projects on track, a new memo obtained by Â鶹´«Ã½ Toronto shows.
Peel police say a man who allegedly stole nearly $260,000 worth of goods from the LCBO over the past year is facing charges.
Toronto will get a new area code next year, the CRTC is reminding residents.
A pedestrian has died in a collision involving the CTrain between Bridgeland and Franklin LRT stations on Wednesday morning, police said.
RCMP have arrested an Airdrie man accused of fraud and laundering money.
A Calgary conference is set to look at how Canada has fallen behind in terms of productivity and how the situation can be turned around.
An Ottawa woman, 25, is facing criminal charges after a multi-vehicle crash on Highway 417 in Ottawa’s west end last spring left one child dead and seriously injured others, according to the Ontario Provincial Police (OPP).
The Department of National Defence confirms unexploded bombs from the Second World War lie buried inside the Mer Bleue Bog, a popular hiking and skiing area in Ottawa’s east end.
People travelling on VIA Rail trains through Ottawa are being warned of potential delays of up to an hour due to new restrictions imposed by Canadian National Railway, the company that owns the tracks.
Montreal police have arrested a suspect in connection with the deadly stabbing of a 37-year-old man on the platform of the Guy-Concordia Metro station.
Bilingual Quebec municipalities have lost their bid to have several parts of the government's French-language reform suspended while their case makes its way through the courts.
Montreal police (SPVM) are searching for a mother and son — Lucia Giovanna Arcuri, 76, and Giuseppe Arcuri, 59 — last seen Tuesday morning and are worried about their safety.
Educational support staff at Edmonton Public Schools will hold strike votes over the coming days.
It doesn't look like it'll rain non-stop all day today. But, we have a few scattered showers in the area this morning and there's a very good chance of some showers this evening.
University of Calgary economics professor, Trevor Tombe, discusses the upcoming US election and its potential impact on the Canadian economy.
Nova Scotia Premier Tim Houston has announced a new retirement benefit for doctors based on their years of service in the province.
Three of New Brunswick’s provincial party leaders will take part in a roundtable discussion hosted by CTV Atlantic tonight.
Advance polls in the New Brunswick election brought out 110,364 eligible voters on Saturday and Tuesday, surpassing pre-pandemic advance voter turnout.
One man was taken to the hospital last month following an attack at the Brandon Correctional Centre.
A 28-year-old Winnipegger is facing charges after an altercation unfolded between a store employee and a man who allegedly tried to steal merchandise from a West Alexander area store.
As we enter flu season, the Manitoba government announced a strategy to keep the strain off the health-care system and help Manitobans stay healthy.
Here's where you wan watch Wednesday nights Leaders' Debate between Saskatchewan Party Leader Scott Moe and NDP Leader Carla Beck.
The stage is set at Saskatchewan's Legislative Building for the 2024 Leaders Debate. The event follows a tradition of broadcast events that began all the way back in 1957.
The Saskatchewan Party unveiled its $1.2 billion election platform on Saturday, which is largely built on tax relief and affordability.
Erick Buhr, the man accused of killing his grandmother in 2022, has pled not guilty to second-degree murder.
People living in the Ontario and King Street area of Stratford may notice a heavy police presence.
More than a dozen Chihuahuas were found abandoned in crates at the side of a rural road last month.
Investigators with the North Battleford Fire Department and the Saskatchewan Public Safety Agency were unable to determine the cause of a fire that destroyed the Best Canadian Motor Inn on Monday night.
The Saskatchewan Party unveiled its $1.2 billion election platform on Saturday, which is largely built on tax relief and affordability.
In 1990, the Saskatoon Blades took on some fierce competition, but the toughest opponent was likely a squad of players who had already reached the NHL.
Police are searching for a 24-year-old suspect charged near Parry Sound with impaired driving causing three deaths who failed to show up for court.
A 61-year-old was killed early Tuesday morning in a collision on a gravel road north of Elliot Lake.
A resident got a scare early in the morning Wednesday in Elliot Lake when an unknown man entered their home carrying a knife.
London City Council has approved what is believed to be one of the largest residential development project proposals in the province.
Residents are rallying for change in Lambton County following a fatal crash.
After consultation with the Rahman family, it was agreed that the tree would be planted at the Julie McArthur Regional Recreation Centre property.
Police have yet to make an arrest following a fatal shooting at a gas station in Amaranth Township last week that claimed the life of a 25-year-old man.
A woman from Scarborough is facing charges and will have to find an alternate method of travel after police say she was clocked speeding nearly 90 km/h over the limit in Innisfil.
Police are investigating a drive-by shooting in Springwater Township that they say happened over the Thanksgiving Day long weekend.
Environment Canada has issued a frost advisory for Windsor and Essex County.
Chatham-Kent police were cracking down on drivers over the Thanksgiving weekend.
Neighbourhood safety plans are launching for several Windsor communities.
Mounties are expected to release new details Wednesday about their investigation into the disappearance of Amber Manthorne, who was reported missing on Vancouver Island more than two years ago.
Leaders of the B.C. NDP and the B.C. Conservatives will be on Vancouver Island today for campaign events on the last day of advanced voting before British Columbia's provincial election on Saturday.
Prime Minister Justin Trudeau is testifying today, for the second time, as part of the federal inquiry into foreign interference.
Dave Lindsey began growing giant pumpkins to bring a bit of magic to his grandkids' Halloween.
A U.S. District Court judge in Montana has sentenced a 27-year-old man from Kelowna, B.C., to 18 months in prison for using fake names to buy guns with the aim of selling them in Canada.
Nearly two years after a man was stabbed to death in downtown Kelowna, RCMP have made an arrest in the case.
Health-care advocates say the province's plan for a new primary care agency, operating separately from Alberta Health Services, won't help with doctor shortages in Lethbridge.
The Vancouver Giants scored late to force overtime before winning 4-3 over the Lethbridge Hurricanes Friday night.
If you’re looking for something to do this long weekend, the Lethbridge Corn Maze is open and hosting its annual fundraiser on Monday.
A resident got a scare early in the morning Wednesday in Elliot Lake when an unknown man entered their home carrying a knife.
Glen Morningstar of Blind River won the Ontario 49 top prize of $2 million in the Sept. 7 draw.
A 61-year-old was killed early Tuesday morning in a collision on a gravel road north of Elliot Lake.
A five-hour drive from St. John's, N.L., and well off the beaten path, Point Leamington seems an unlikely spot for a one-of-a-kind tourist attraction.
A Conservative MP from Newfoundland and Labrador says some small towns in his rural riding are overrun with crime, but police say they haven't received reports to that effect.
As millions in federal funding flow into a Labrador group whose claims of Inuit identity have been rejected by Indigenous organizations across Canada, a national Inuit leader worries the Liberal government is putting the rights of Indigenous Peoples at risk.
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