In plain words
It is a TXT record at _mta-sts and a small policy file on a web address at mta-sts. under your domain. Its mode is testing, enforce or none.
Why it matters to a firm
Without it, mail to your firm can be delivered in the clear if someone on the path interferes with the encrypted connection.
The check behind the finding
nslookup -type=txt _mta-sts.yourfirm.ca A record starting v=STSv1 means a policy is published.