That question is better directed to officials at Innovation, Science and Economic Development Canada. I can tell you, however, that more and more countries are considering a public registry model, even if it goes further than the international standard.
As previously stated, the bill provides a balance between the publication of information and the protection of information that will be disclosed to government authorities, including exemptions. To the best of my knowledge, the bill seeks to strike the right balance between the publication of information and the protection of sensitive information.