Canada has its own regulatory framework under the supervision of the Canadian Food Inspection Agency (CFIA) and Health Canada. The CFIA has published a guide that explains how the Canadian regulations comply with the provisions set out in the Food and Drugs Act (FDA). Generally, the Canadian regulations are well synchronized with those of the US and except that they are slightly more stringent regarding allergens.
Canada's official position specifically on labelling is that, "Every effort has been made to harmonize with other countries which have developed similar food labelling laws, i.e.: the European Union, Australia/ New Zealand, and the United States. However, each authority must balance between regulating the priority food allergens that form a significant health risk within their country and adapting the particularities of their own national and federal statutes."
I believe that harmonizing regulations with the EU is less of a priority for Canada than harmonizing with the US primarily because the EU market, although important, is much smaller than the opportunity afforded by the US. For example, France, Germany, and the UK combined consume just over $1B in Canadian agro products as compared to over $23B in the US alone.
In order to help Canadian companies further develop the EU market, guidance is offered by the CFIA to make the EU requirements known to potential Canadian exporters but it is up to individual Canadian companies to decide whether or not to conform to EU regulations.