Business Briefs News

MBI Business Brief: July 8, 2022

CIBC offers wills online with

CIBC announced a new collaboration with Willful, an online will and estate platform, on July 5. The partnership will allow CIBC online banking customers with non-complex wills to create a will, with costs starting at $79. Customers can also create power of attorney documents, create asset lists, and prepare wishes for funerals and burials.

“Canadians want simple online financial solutions to help them manage their finances today and plan for the future, and working with Willful enables our clients to have the peace-of-mind that comes with having a will and plan for their estate,” says David Attard, senior vice-president, digital banking and enablement, personal and business banking, CIBC. “With this new collaboration, we’re encouraging clients to have important conversations and get these vital documents in place, leveraging the convenience of digital to make it as easy as possible.”

Willful is now available in Manitoba, as well as Alberta, British Columbia, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan.

“We spend our lives trying to grow our wealth, but we don’t always plan for how our assets should pass on to our loved ones,” says Erin Bury, Founder and CEO, Willful. “While many people put it off, will and estate planning often provide peace of mind. Getting these important end of life financial decisions out of the way can dramatically ease the burden on loved ones.”

IGM Financial Inc. announces June 2022 assets under management

Winnipeg’s IGM Financial Inc. reported July 6 that total assets under management in June 2022 were $242.1 billion, with preliminary total consolidated net outflows of $389 million in the month.

IG Wealth Management had $105.5 billion in assets under advisement, down 5.1 per cent in the month. Total net inflows were $174 million compared to net inflows of $299 million in the same month a year earlier. Mackenzie assets under management with also down 5.6 per cent, reaching $184.7 billion. Total net outflows were $623 million compared to net inflows of $518 million in June 2021, and investment fund net redemptions were $447 million compared to net sales of $528 million in the same time last year.

Montana’s BBQ & Bar starts rib tour to help Food Banks Canada

RECIPE Unlimited Corporation and Montana’s BBQ & Bar announced on July 8 that Montana’s will be taking a “rib tour” to 15 cities across Canada, including Winnipeg, from July 9 to August 11.

Each stop will offer guests free rib samples and activities, with some locations also hosting a mechanical bull.

“We’re excited to bring our famous ribs on the road, have fun and get Montana’s messy with guests across the country,” said Adrianne Largo, marketing director, Montana’s. The tour will also be accepting donations for Food Banks Canada, and for each sample given out, Montana’s will donate one meals to the charity. Montana’s donated 100,000 meals to Food Banks Canada ahead of the Thanksgiving long weekend last year, and hopes to donate 150,000 meals in 2022.

Manitoba cannabis companies join forces

Five independent Manitoba cannabis companies – Alicanto Gardens, Cypress Craft, Kief Cannabis, Natural Earth Craft Cannabis and TobaGrown – announced July 6 that they have formed the province’s first cannabis packaging and delivery alliance called the TobaRolling Syndicate. Prior to the formation of the alliance, each company had to package and deliver their cannabis products separately. Now, the five companies will package products in one location and deliver to dispensaries together.

“We are very excited to cooperatively align with our independent partners to expand our footprint in the Manitoba cannabis space,” said Tim Doerksen, director of Natural Earth Craft Cannabis.

When up and running, the organization will package products at the Kief Cannabis facility at Selkirk, Man.

StoneRidge Insurance Brokers partners with Knight Archer Insurance

SIB Corp., known as StoneRidge Insurance Brokers, announced on July 8 that it is now in a partnership with Knight Archer Insurance. Knight Archer, based in Regina, has 17 insurance offices in Manitoba, Saskatchewan and Alberta.

“This investment in Knight Archer is a significant step in growing our national presence across Canada,” said Ted Puccini, president and CEO of SIB. “Knight Archer is a leading independent insurance brokerage and a highly regarded brand with an established presence in three western provinces. Tracy Archer and her team, immediately become an integral part of our platform and a catalyst for further growth in western Canada.”

Knight Archer’s CEO, Tracey Archer, will remain with the company as president and CEO of the company, and also become president of SIB’s western Canadian operations.

“Partnering with SIB creates significant growth opportunity for Knight Archer,” said Tracy Archer. “Not only will we gain access to more products, markets and resources, we are partnering with an organization that shares the same focus on serving customers with excellence while pursuing rapid, value-generating growth. Further, the SIB partnership provided our family with a solution to succession, while offering us the ability to continue operating the business in a true partnership.”

Coming soon: Hudbay Minerals Inc. will announce its Q2 2022 results on Tuesday, August 9, 2022.

Get the week’s top business stories every Friday free with the MBI Business Brief.

Have a story for the MBI Business Brief? Email us at



Highlights from Manitoba business

Stay informed on breaking news, announcements and more right here.