No. Wrong. Try looking at it thru a secular lens instead of a Muslim lens. They are very REAL CONCERNS about this motion being the THIN EDGE OF THE WEDGE attacking critical speech re: Islam. 
How do you define "islamophobia"? I can tell you that the Organization for Islamic Cooperation at the UN says that it includes criticism of Islam. They want blasphemy laws, full stop. Look it up! They openly state that free speech is only OK if it does not contradict or offend the Koran.
I get to make fun, criticize and draw cartoons of you religion, buddy. Canada is a FREE and SECULAR society.