Absolutely. It opens up the Montreal and Ottawa job markets, and even benefits you in certain other cities like Halifax. From a job hunting perspective, it would also nudge new immigrants to not just think about GTA while choosing a place to settle down.Besides that, French could also be an asset for your profile while looking for a job in Canada. It's not only an EE thing. The reason why IRCC is giving you extra points is because people who knows both french + english are more likely to get jobs as well.
Also if anyone is interested in Govt. jobs, particularly Federal government jobs, one can't really progress beyond a level if one isn't bilingual.