Canada certainly has a much better nuclear base to build from.Canada has a lot more experience with nuclear power than Australia and that includes constructing nuclear reactors.
But Candu reactors were all designed and built basically over a generation of people ago who are now all buried. Also the design and operation Candu is pretty much the opposite of nuclear submarine reactor design, CANDU is all big and low enrichment, while SSN tend to be fed from weapons grade lines to make very small, dense and powerful reactors. A nuclear weapons program may be more beneficial to SSN reactor design than experience with power plant reactors.
I tend to think Argentina and Brazil obsession with building SSN is more about keeping their nuclear scientists busy than it is delivering useful needed capability.
But there is load of experience there in Canada, and attracting talent from its south would be fairly easy too.
I don't think Canada has the clear need yet. The US is definitely in their region and the northern territories are sparsely habituated. TBH, I think SSN are too far for Canada politically, socially, alliance wise, etc. Conventional submarines aren't terrible, and depending on what you want to do (like sit in choke points), they make more economic sense than SSN.If there was political unity and the will, nuclear subs could be developed in Canada. Neither exist and it is questionable if Canada will exist in its current form twenty years from now.
For Australia, if we just wanted to protect bass strait, conventional submarines would be fine. Better than SSN. More bang for the buck. But Australia wants to control multiple choke points and chase things in different oceans and seas, that are all very far away. If Canada got 6 really good conventional with AIP, that would address a significant amount of their concerns. Some subs are better than no subs.