This card does not look attractive to me.
I would be willing to pay $120.00 for ONE credit card if that was all that I needed to use.
Several places I frequently do business with will not accept Amex. So two rewards cards (not just one for emergency back-up but two cards to use regularly) are necessary. I'd prefer not to spend $240.00 per year on credit card fees.
Perhaps in a year or two the Amex SPG card will be finished and one of the Canadian banks will cut a deal with SPG for a card.