It's unquestionably true that this will cause loss of revenues to creators. It won't be simply the broadcast mechanical royalty, which takes an existing situation with an existing tariff and removes money that the Copyright Board has already valued.
On the educational exception, I think it's unquestionably true, because by definition some dealing is free dealing that would have been compensated for before, so there definitely will be loss of revenues there. On the UGC provision, for example, there would be loss of revenues, because that is being monetized today in the United States and in Europe, but iIt won't be in Canada, and there are other examples.