Actually I would like to put forward a counter point that is does have the capabilities to enforce it. They could put the pressure on the US and EU through the WTO by threatening to cut off oil sand exports (which is already being disputed in public with the EU), Canadian wheat, and logging exports.
Canada could bargain with the US and seek to get backing for their EE zones and counter any claims by EU states. Canada and the US already have a close military relationship and the trade between the two countries is larger than any other trade between nations at ~$300B USD thanks to NAFTA.
Military warfare is a thing of the past when it comes to nations of our size and strength and what it would do to both. Economic warfare is the new way that Canada can fight.
Canada could do that. It'd be profoundly stupid, as Canada would be hurt far more than the US and EU would be. (On the US/EU side, prices would go up, with eventual repercussions. On the CA side, no money would come in for those export industries, and you'd quickly have tons of people laid off and those companies clamoring for government assistance.)
But yes, Canada could do that in hopes of getting a cut of potential future shipping money. Their politician probably aren't that foolish, though.
Canada could bargain with the US and seek to get backing for their EE zones and counter any claims by EU states. Canada and the US already have a close military relationship and the trade between the two countries is larger than any other trade between nations at ~$300B USD thanks to NAFTA.
Military warfare is a thing of the past when it comes to nations of our size and strength and what it would do to both. Economic warfare is the new way that Canada can fight.
IMHO Canada has a lot to negotiate with.