India is a major service provider to the world as far as the IT sector is concerned. I would say the CEPA would bring both countries closer. There would be more exchanges of services both ways because Indian companies are now looking at investing in Canada on a large scale, apart from mining, even into IT, as well as the consumer product business.
We all know Essar Steel has taken a stake in Dofasco, and many Indian companies, large conglomerates, are trying to enter the Canadian market.
I am of the opinion it will benefit both countries.