It's obvious that, for Canada, not having this information exchange in the future with Panama would be limiting, if the flow of commercial relations between the two countries becomes significant—as it may be in the future. In any case, it is Panama's goal to become a bigger and bigger player on the international scene.
Obviously, if this information exchange does not exist, it would prevent the Canadian government from going and checking transactions made by Canadian businesses through their affiliates or branches in Panama.