One thing that needs to be mentioned is that this legislation will is what is allowing things like the iTunes store to finally rent moves to Canadains. I imagine Amazon.ca will start extending their U.S. only movie rental service to Canadians too, now that this law is in place.
So, yeah, it makes it more difficult for people to download things they haven't paid for... but it makes it easier for people who don't mind paying to have access to things they should have already had access to.
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