Better off to get 'E' licence if you're in Canada.
Even better than that be a bus driver for the Vancouver area transit. $25.50 per hour after two years plus pension and benefits. It'll take you at least four years to get that in aviation (if ever) and you'll never see a pension.
I digress...
When you look at the number of M vs E jobs available compared to the total amount of mechanics you'll find more work for an E licence and better opportunities to set up your own AMO if you're good.
You have to go to school to learn the E ticket but, at least for the moment, you can still get the M licence by correspondence. This is not too difficult if you already have an E and want to convert. You'll also need to work in an environment where you can get the M licence logbook sign-offs.