I'd say no if you lock the S&W lock.... lol
Firearms Act says:
Storage of Restricted Firearms
6 An individual may store a restricted firearm only if
(a) it is unloaded;
(b) it is
(i) rendered inoperable by means of a secure locking device and stored in a container, receptacle or room that is kept securely locked and that is constructed so that it cannot readily be broken open or into, or
(ii) stored in a vault, safe or room that has been specifically constructed or modified for the secure storage of restricted firearms and that is kept securely locked; and
(c) it is not readily accessible to ammunition, unless the ammunition is stored, together with or separately from the firearm, in
(i) a container or receptacle that is kept securely locked and that is constructed so that it cannot readily be broken open or into, or
(ii) a vault, safe or room that has been specifically constructed or modified for the secure storage of restricted firearms and that is kept securely locked.
Transportation of Restricted Firearms
11 An individual may transport a restricted firearm only if
(a) it is unloaded;
(b) it is rendered inoperable by means of a secure locking device;
(c) it is in a locked container that is made of an opaque material and is of such strength, construction and nature that it cannot readily be broken open or into or accidentally opened during transportation; and
(d) if it is in a container described in paragraph (c) that is in an unattended vehicle,
(i) when the vehicle is equipped with a trunk or similar compartment that can be securely locked, the container is in that trunk or compartment and the trunk or compartment is securely locked, and
(ii) when the vehicle is not equipped with a trunk or similar compartment that can be securely locked, the vehicle, or the part of the vehicle that contains the container, is securely locked and the container is not visible from outside the vehicle.
secure locking device means a device
(a) that can only be opened or released by the use of an electronic, magnetic or mechanical key or by setting the device in accordance with an alphabetical or numerical combination; and
(b) that, when applied to a firearm, prevents the firearm from being discharged. (dispositif de verrouillage sécuritaire)
The Hillary lock would certainly satisfy the above IMHO; storage and transport