While I think this is a good idea (because copyright is a stupid concept in the digital age), the problem with this proposal is that Europe is also very pro-copyright. Doing something like this would probably piss off Americans, but if it also pisses off your next best ally as well, it's probably not going to work out.
Copyright isn't a stupid concept in the digital age, if anything it's more important than ever but it is grossly out of control and needs to be severely curtailed (along with all other IP law). Copyright needs to go back to what it was originally intended as, a short term monopoly on a creative work. Something like 10 to 20 years. The current 100+ year copyright durations are absolutely ridiculous and never should have been allowed.
Copyright has always been a stupid law in the digital age. Copying is an essential part of many processes. The focus on individual copies has been nonsense for decades when the real focus even for those short term licenses (and I agree with you there) should be who is allowed to use the content and for what purpose (e.g. public showing to large crowds might be more expensive than common friend or family groups at home). Also, pretty much anything about copy protection is complete nonsense in the current laws.
We also desperately need to prevent companies from using that monopoly to prevent older works from being available by having the copyright and not publishing the work anymore since this is killing our cultural history.
Or just revise the law to state that international copyrights will only be enforced if they are held by Canadian trading partners in good standing, and that the only prosecutable violations of those copyrights are those which have taken place during the most recent contiguous period that that partner has been in good standing.
That way we don't need to keep updating the law every time a trading partner starts/stops acting up, and other trading partners won't need to worry about impacts to their IP. It will simply be baked in that every time a trading partner unilaterally breaks a trade agreement with us they will in effect be granting amnesty to every Canadian citizen who ever breached their copyright in the past and creating an open season on their IP within Canada until they can reach a new mutually acceptable trade agreement. Honestly this should be a standard practice for many countries.
The most potent political lesson of the past four years is that politicians who preside over rising prices – regardless of their role in causing them – will swiftly feel the wrath of their voters. The public is furious about inflation, whether it comes from transient covid supply chain shocks, Russia's invasion of Ukraine, or cartels using "inflation" as cover for illegal, collusive price-gouging.
GOP complaining about inflation and deficits is them finding something to complain about a strong economy. PP/canada conservatives complaining about carbon tax is supporting Ukrainian nazis while global diesel/home heating fuel refining was at maximum capacity. The Ukrainian support was common to all parties. They had to make up complaints.
Some other things Canada can do is export taxes on resources and energy. The US can't replace Canada where it is needed in short term.
The big policy change is opening up FDI to China. Can put restrictions on natural resources to also invest in manufacturing using those resources, but treating the US as the only permissible option for investment is bad for Canadian companies and jobs. While Canadians are firmly programed in US foreign policy propaganda, if Trump/US adopts a "coercion until you accept being a territorial posession", Canada needs to take a friendlier stance towards Russia, North Korea, China, and deprogram itself from US empire bs. It should continue advertising secession and provincehood to US states.