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MBI Business Brief – December 9, 2022

Air Canada increasing flights in 2023. Photo by John McArthur - Unsplash.

Cineplex opens first Junxion location in Winnipeg

Cineplex opened its first-ever Cineplex Junxion at Kildonan Place Mall in Winnipeg on Dec. 9. The new entertainment complex brings together movies, gaming, dining and live performances in one facility. The venue is 35,000 square feet with six state-of-the-art auditoriums with all-recliner seating, including one UltraAVX auditorium and D-BOX seats. Cineplex Junxion Kildonan also has a 4,100 square foot gaming area with over 50 amusement games, a party room, and a live entertainment space plus popular food options and a wide selection of beverages. The new venue replaces the Famous Players Kildonan Place. 

“We have a legacy of bringing new and innovative entertainment options to Canadians of all ages and the Junxion concept is a perfect example of that. We know our guests are looking to connect with one another in a shared experience that is so much more than a movie theatre,” said Ellis Jacob, president and CEO, Cineplex. “With the best films, a wide selection of amusement games, great food, and live local entertainment, the Junxion combines all that Cineplex does best under one roof. We can’t wait to welcome Winnipeggers to Cineplex Junxion Kildonan.”

The next Cineplex Junxion is slated to open in Mississauga, Ont. in summer 2023.

Canada Life gives back

Canada Life announced on Dec. 7 it would donate another $100,000 to its chosen charities in Canada through the company’s annual Holiday Gift Campaign. Each will receive an additional $10,000 for services and support. The Holiday Gift campaign is an annual give-back program where employees nominate and vote for charities in their regions to receive financial support.

“A hallmark of Canada Life is our commitment to communities. We’re grateful to be able to give a little bit more this holiday season,” said Doug Tkach, senior vice-president, corporate operations and workplace strategies, Canada Life. “We’re hopeful that with our gifts, these charities can help more families and communities when they need it most.”

Air Canada increasing service in 2023

Air Canada announced on Dec. 6 it will increase service between Winnipeg and Toronto in 2023, adding two flights daily between Manitoba and Canada’s largest city.

Neo Financial joins AIR MILES

Canadian fintech startup Neo Financial has joined the AIR MILES® Reward Program.

“Neo prides itself in harnessing the power of technology and innovation to help people get more out of their money and are proud to be joining forces with a company who shares these values,” said Andrew Chau, co-Founder and CEO, Neo Financial. “Our partnership with AIR MILES will allow us to connect more Canadians with our Neo products and help make their everyday life more rewarding.”

Neo Financial customers will be able to earn Miles on their money, with the first offer of 1,000 miles on closing a new or refinanced mortgage with Neo.

“Our commitment to establishing brand partnerships that unlock value across every major consumer vertical – from grocery shopping to buying a house and everything in between – has helped build a network of more than 300 brands. Our open and flexible partnership models continue to enhance the AIR MILES value proposition in our pursuit of helping Canadians get more from every dollar spent,” said Shawn Stewart, president, AIR MILES Reward Program. “Together with Neo, a brand that shares our commitment for digital transformation and technology that positively impacts the lives of Canadians, we see tremendous opportunity to create value for our collectors.”

Calgary’s Neo Financial was created by two founders of SkipTheDishes, and opened its second headquarters in Winnipeg in 2021.

IG Wealth Management releases 2023 Market Outlook

Winnipeg’s IG Wealth Management released its 2023 Market Outlook on Dec. 8, predicting 2023 will see “peak inflation and a global economic slowdown heightened as interest rates work their way through the markets.”

“Central bankers in 2022 have continued to signal that a slowing economy is necessary to fight inflation, but the force and impact of a possible recession may prove to be shorter, and milder, than historical averages,” said Philip Petursson, chief investment strategist, IG Wealth Management. “Peak inflation, interest rates and asset class correlation, with equity prices hitting their lows, will present opportunities to investors who are able to navigate the market environment.”

Learn more about IG Wealth Management’s 2023 Market Outlook.

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