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Microsoft will be the first foreign company to sell game consoles in China since a ban was lifted earlier this year.
This is the first time Canada has singled out China in a hacking incident.
The bill goes further in reducing bulk collection than a version passed in May by the House.
Microsoft has struggled to make inroads in China, largely due to rampant piracy.
Chinese regulators paid sudden visits to four Microsoft offices.
The company said the adjusted forecast was due to its plans to “reinvest aggressively.”
The company said it now gets 30 percent of its revenue from mobile services.
The earnings report sent Nokia stock to its highest level since March 2011.
The U.S. company is fighting allegations that it has abused its dominant position in mobile chips.
The company is courting handset makers to get more orders for front-facing camera sensors, used to take selfies.