Can anyone think of a reason, besides running the jets with less noise, why Deluce/Porter might want the extra runway length?
Territory expansion. A larger runway would allow for a higher takeoff weight (more fuel, passengers, baggage).
You can see this tradeoff today with their flights to Myrtle Beach; they run under capacity passenger wise to be able to carry the fuel to reach the destination.
The extra 64m of runway from the new adjusted expansion would allow for a slightly higher takeoff weight. CSeries requires 1,463m of actual run at maximum weight in zero wind; so zero safety margin. Recommended safety margin is 240m; the minimum safety margin is less but Canada usually targets 300m*).
So anything below 1,463m + 240m = 1,703m is either trading off on the safety or the takeoff weight or both.
A 400m expansion (200m per end) would bring the island airport up to a 1,616m length runway which remains below CSeries distance/passenger load capabilities with Canada's standard safety margin.
All numbers come from Wikipedia which is usually reliable for this kind of thing.
* 300m is high to accommodate a 747 stopping and was the result of the Air France crash at Pearson 8 years ago. Presumably a CS100 would require somewhat less so I'll stick with the 240m that was the previous international recommendation.