In a recent press conference Dana White said that the UFC may be coming to Canada in as early as April in 2008.

In a round about way:

White has made no secret of the fact that he wants Georges St-Pierre to headline
the first Canadian event. With the new interim welterweight champion coming out
of his fight with Matt Hughes relatively unscathed, the only question now is
regarding his opposition.

He couldn’t confirm it, but is seemingly
hopeful that he’ll be able to pit St-Pierre in a unification bout against
current champion Matt Serra, who is suffering from a recent back
injury.

“Matt Serra is very confident that he will heal quickly. I
think he feels he’ll be ready for April. That wouldn’t suck,” commented White
with a grin on his face.

I hope this event being in Canada won’t be much of a distraction for GSP. in April of 2007 we all know how GSP fought so far out of character that it cost him his belt. I all we can do is hope for the shows to expand. Being in Canada at least we don’t have to worry so much about tape delay like we do when it is Europe, but we also probably won’t get any free shows either.

Source:
http://www.mmaweekly.com/absolutenm/templates/dailynews.asp?articleid=5380&zoneid=1