As another poster mentioned, "Latin Americans" represent 1% of the Canadian population. However, the "Latin American" population in Canada is growing considerably faster than other ethnic groups and the population as a whole. The Latino presence in the major Canadian cities is obviously nowhere near to that of the US. But, a latino living in Toronto and Montreal will not feel like there are no Latinos around. And, I have a feeling that there are many more living in Canada than that 1%.
I have always encountered a healthy amount of Latinos in the major Canadian cities. Montreal seems to attract the most. Not all will be speaking Spanish or be a "visible minority." As a Latino myself, I never feel out of place in Toronto or Montreal. There are many restaurants, many places to find specialty food and tons of clubs, concerts and social events specifically for the Latino community. Check out Torontolatino . com.
I would safely say that Canada attracts more Latin Americans of higher social status than does the US, hence, many tend to be of European descent. These Latinos typically pass inadvertently as they are not "visible minorities." The largest groups I have seen are from Mexico, Argentina, Chile, Colombia and Venezuela. They are attracted to Canada by the education/career opportunities not available in their home countries and a stable economy and government.
Due to geographical positioning, Canada did not experience the wave of Latinos of lower social status, most of which are "mestizo" like the US did. The "Latino experience" in Canada is therefore completely different. Racism and stereotyping is not as rampant for the Latino community in Canada as in the US. However, one of the biggest challenges for an educated Latino immigrant in Canada is validating credentials and being selected for a position over North-American educated candidates. Many settle for blue collar jobs.
In response to the OP, I have read reports of migrant workers now attempting to work in Canada. I think for the most part, the incidents are isolated and do not show a general trend. However, migrating to the US is becoming increasingly difficult, and Canada is a viable option for many. This is not to say that migrating to Canada is not difficult, as well.
Canada is likely the 3rd choice for most Latinos to migrate after the US and Spain.