From the article:
"At the moment, Canada is arguably more restrictive than even the U.S., though the digital lock rules do not carry significant penalties for individuals. Under Canadian law, it is not an infringement to possess tools or software that can be used to circumvent digital locks and liability is limited to actual damages in non-commercial cases."
The liability limitation will likely take some of the sting out of the lock provision, as will the $5000 cap on damages for non-commercial infringement. Looks like a bit of a legislative hack, but I suspect that if you're ripping your dvds to stream them around your house you won't have much to worry about (no damages to speak of), and even if you're torrenting your rip, the damages would be pretty low (less than $5000), which is not going to make a big inviting target for the CRIA to attack. Of course, YMMV, I am not your lawyer, etc etc.