Hi scotcher65. You ask an interesting question. Canadian stamps of this period and size are printed in large sheets with typically 200 stamps and then cut into smaller panes of 50 stamps for post office use. Depending on how the sheets are perforated and cut, this may result in stamps from some of the edges of the final panes having straight sides with no perforation. Definitive stamps from this era that come from booklets will also have straight sides.
Although the stamps with straight sides would obviously be less common than those with perforations all around, they are typically less desirable to collectors. Under most circumstances, they sell for a little less than a stamp with full perforations. Some collectors do specialise in these stamps and use them to build out a plate or centre cross from the specific stamp positions.
This stamp from 1927 is frequently seen with straight sides either on one or even two adjacent sides. A quick search through Canadian stamps on
ebay for stamp "148" should reveal a number of these with straight sides.
Hope this answers your question.