Yes, I would say so. First of all, the scope of the information to be provided is narrower under the intergovernmental agreement than under FATCA. Second, the transmission of that information is, under the Canada-U.S. treaty, subject to the safeguards of the treaty and our own laws, which require that it only be used for the purposes of U.S. taxation and not for other purposes, and only if it is relevant to U.S. taxation and not to other purposes.
On May 29th, 2014. See this statement in context.