That's rather optimistic.
Canada is really the Far West when it comes to the digital landscape and its regulation. We want to do something, but what? Are there countries that have chosen collective action or more or less common legislation with other countries, which could send a signal to Facebook and to other large companies to incite them to develop a framework?
Canada can try something. It may be sued. There may be winners and losers. Other countries will be watching. Do you think every country will adopt measures, individually, at the same time? Will the laws ultimately be similar?