The consequence described by the National Post here is a clearly plausible consequence of a plain reading of the legal text presented.
Advocates have been warning about this bill (and previous iterations and attempts at the same theme) for a long time. It's being opposed by all sorts of people, certainly not all Conservative party supporters, as is readily apparent with an appropriate Internet search. See for example https://ccla.org/privacy/fix-dangerous-flaws-in-federal-cybe... from the Canadian Civil Liberties Association, and https://sencanada.ca/Content/Sen/Committee/441/SECD/briefs/2... their submission to the government regarding the previous attempt at the same thing.