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For anyone that doesn't want to follow a link, the site says that Canadian stamps are subject to a crown copyright.
Also, that copyright reverts to the public domain after 50 years. I would have to guess, however, that it does not supersede anybody else's copyright. So, when Canada's Olympic stamps are more than 50 years old, the IOC's copyright on the 5 rings logo will still be in force. Same with the Winnie the Pooh souvenir sheet, and any number of other issues.
But the Bluenose is fair game! That's one of my long-term projects - write some software to aid in converting scans to CNC machine code and then machine my own engraved copy in a hang-it-on-the-wall size.
Ryan