There are lots of laws in Canada that are not enforced. Ap owners/controllers will wait to see how the government wants to handle this. If the government starts making demands then they will pull out, but I doubt the bill itself will trigger anything immediate.
Signal, NordVPN, Psiphon VPN, Tailscale, Windscribe, and DuckDuckGo have already confirmed that they will stop offering their services in Canada, and not route any of their European services through Canadian proiders.