Perhaps I can add to this.
I believe SOCAN has about 5,000 publisher members. Most of them are small to extremely small businesses. The copyrights they control that creators have asked them to administer or promote are their assets. The shorter duration of the Canadian term of protection penalizes them in terms of the valuation of their assets compared with other publishers from other countries.
So we would be enabling them to increase their value so as not to be prey to foreign publishers, for example, who want to take over the catalogue because it is undervalued. It's the economic value of small businesses that make up the Canadian ecosystem that's also at stake there.