The job of a spy agency is to spy, that will never change. The problem I have is when it starts infringing the rights and freedoms of it's own citizens (ie C-51).
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They don't even have to. The NSA will spy on Canadians and then ship CSE the data.
There needs to be a ban on this practice.
I don't know about Canadian law, but most likely the spirit of:
The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures
Was certainly not: Ask the Canadians to seize it for you and then they can give it back to you without due process.
(This is exactly the kind of Hostile Act the NSA should be protecting American's against, not cooperating with).
Great opportunity - for nation states that don't have the ability to create a cyber department, just outsource to somebody who can spy on everybody. There are some great economies of scale, since more than one client is going to be interested in mining in Brazil or some piece of oil information from the middle east... You've got multiple customers for the same data.
There is a great difference between spying on individual targets and capturing data from millions of people who have done no harm. The latter practice is what these agencies have been have heavily criticized for.