Most applicants significantly exceed the published minimums....here's an excerpt from the AC website:

aircanada.com - About Air Canada - Pilots

Job Requirements

To fly for Air Canada, pilots must meet certain basic requirements:

• 1000 hours of fixed wing flying time
• Completion of schooling to the university entrance level. Ability to pass the Air Canada and Transport Canada medical and visual acuity requirements for a Category 1 medical certificate.
• Canadian Commercial Pilot licence, current Instrument Rating and Multi-Engine endorsement.
• Canadian citizenship or landed immigrant status.

Pilot applications far exceed job vacancies, so preference is given to candidates with qualifications beyond the basic requirements. Examples of desirable additional qualifications include, but are not limited to:

• Canadian Airline Transport Pilot licence
• University degree or college diploma
• Aviation College diploma
• Military or commercial flight experience
• Jet and/or glass cockpit experience
• Additional language(s)