I'm assuming (although its not 100% clear from your post) that you're not a Canadian citizen? Much like in the US, you will require the right to hold employment in Canada in order to get a job here.

You're correct that the conversion process is rather simple now and is a matter of writing two differences tests and obtaining the medical. Details on the process can be found here: Flight Crew Licensing - Conversion Agreement between U.S. and Canada

Much like the US, hiring in Canada is slow at the moment but is not frozen altogether. A great source of info for jobs can be found here: AVCANADA • Index page