Some background reading:
ThumperFaq: 4-Stroke Oil
Oils Well That Ends Well, Part 1 - Sport Rider Magazine
It is motorcycle specific API SG/JASO MA, so that covers the basics. I found this site, but could not get the specs to open:
Motomaster Formula 1 Motorcycle Oil | Canadian Tire
Could not find any info on its chemistry, ie. is it petrolrum or synthetic. If synthetic, there are 3 very different types of synthetics so one needs to know which specific type it is:
http://www.maximausa.com/technical/l...beNews2002.pdf
This is probably a petroleum oil. If it is synthetic it is most likely Group III if the price is on the low side. The best oils out there are some combination of Group IV PAO and Group V ester, but most folks balk at the high price.
So....this is probably a good basic petroleum oil! Is it the finest oil you can find for your motorcycle engine....in a word no, but you probably didn't spend a fortune on it either. Change it at a reasonable interval, not the ludicrous 100 hours that your owner's manual suggests!
My personal favorites are ester based performance oils like Redline and Maxima Extra/Ultra/530MX. For an inexpensive petroleum oil I like Maxima Premium, or better yet Maxima Blend.