What does it mean for Canadians? Mostly more junk. As for really good films, they are less available now than in the days of the local video store.  Criterion has a channel of great classic and foreign films but it is available only in the US, not in Canada.  TCM has some very good and rare films occasionally. And, Netflix Canada,  to its credit, will show the nominees for Best Foreign Picture. Otherwise, anyone with a serious interest in film has to buy films on blu ray or DVD, sometimes from abroad if you have a region free player.