LG G5 starts getting Android Nougat in Canada also. Earlier it was rolled out in South Korea, Europe, Brazil and US. Although there is not an official information about the update, There have been user reports that carrier Bell has started pushing out the update to G5 units on its network.
Moreover, Rogers and Fido will start rolling out Android 7.0 Nougat to LG G5 from tomorrow (December 21) onwards. But some users reports that the update is already available. The update will include all the basic Android 7.0 Nougat features like New Multi-window allows the user to switch between apps with a double tap or run two apps side by side. More personalized settings and smarter notifications allow users to be more productive with less effort. It also includes the enhanced version of Doze.
As you should know that in OTA updates, the update will take some time to reach each and every user. Meanwhile you can check it manually by going through the settings of the phone.