All indications I have, both from the business community and individual cases such as Commissioner Stoddart's, are that this is a growing problem in Canada and the United States. Especially with the ease of the Internet and more products being sold online, more personal information being stored and collected, and more personal information being shared, this is an increasing problem that we will have to address. I think it's very much a growing problem.
Implicit in your question is how the bill will address that entire problem. The bill would address collection of information and improper sharing of it, but that's just one of the problems with identity theft.
That's the purpose of the bill. Obviously the bigger issue of identity theft does need to be addressed by a broader piece of legislation.