You are aware that mandatory information reporting is a form of regulation, right?
Are you further aware that the article cites the Canadian government official website, canada.ca, and the Canadian Radio-television and Telecommunications Commission (CRTC), crtc.gc.ca, as its primary sources, right?
Additionally, are you aware that the Online Streaming Act is cited by the CRTC itself as a "Regulatory plan to modernize Canada's broadcasting system", as pointed out in the article, AND is part of a multiphase plan that includes (notable points in bold, information is verbatim):
1. This consultation reviews fees paid by broadcasters and how they should be extended to online streaming services.
2. Consultation on definitions of Canadian and Indigenous content: This consultation would review the definition of Canadian content and examine possible changes.
3. Consultation on tools to support Canadian music and other audio content: This consultation would assess tools to support Canadian audio content.
4. Consultation on programming and supports for video content: This consultation
would assess tools to develop, support, and promote Canadian and Indigenous content on all platforms.
5. Consultation on local markets access and competition: This consultation would evaluate market access, news and local programming, and competitive behaviours.
6. Consultation on protecting Canadian consumers: This consultation
would review ways to protect consumers and include broadcaster codes of conduct and mechanisms for complaints.
7. ...will focus on
implementing policy decisions listed above. More on Phase 3 will be included in future updates of this plan.
SOURCES:
Today, the CRTC is advancing its regulatory plan to modernize Canada’s broadcasting framework and ensure online streaming services make meaningful contributions to Canadian and Indigenous content.
www.canada.ca
crtc.gc.ca
Perhaps you should pay more attention.
Judging by this comment, I'll assume that you also skimmed the article. So much for being the unerring skeptic.