Only 4% of our exports go to euroland countries and about 7% of our imports come from there. So the direct economic effects on Canada from any developments in Europe related to the move to a common currency are likely to be rather limited, at least in the short run.
Of course, should the new monetary union lead to changes in world trade and finance over time, Canada would feel an impact, like any other country. But it is difficult to assess the likelihood and extent of any such changes.