I have only visited this premium restaurant during summerlicious and winterlicious. Canoe is apparently the "best" restaurant in Toronto. Although best depends on your taste buds. The decor and the windows looking out onto the CN tower and lake ontario is amazing. It is definitely a date spot made to impress the ladies.
This is Canadian fine dining. The food is prepared and looks like art. The service is amazing even for those of us on a summerlicious/winterlicious cheap menu. Although I personally wouldn't come here on a regular menu, it's dooable on special licious events. The best deal is a licious lunch menu which will run you at around $55.