Adequacy remains highly important, especially pursuant to the EU trade deal and the free flow of data between Europe and Canada. I wouldn't go so far as to say the GDPR is the gold standard. One would have to measure the privacy levels in Europe against those in Canada.
Maintaining adequacy is important, and we believe that PIPEDA in its current form will allow us to maintain that adequacy and to continue with the free flow of information between Canada and Europe, which again is going to be even more important once we are able to implement the EU-Canada trade deal.