Many thanks for all the replies.
I think, having read them, that the professional programs are perhaps not the way to go. The modular approach seems more flexible, and would allow me to work in between ratings if necessary. I have to admit that the thought of paying my dues servicing float planes in the bush is an extermely appealing one - but perhaps I am a bit of a naive romantic. In any case, I want to see what it's like - I can always come back to Europe with ME/IR and convert to JAR if necessary (although there seems to be a lot of confusion surrounding that process).
I hadn't realised things were so tough in Canada! I had assumed that there was a thriving market for pilots, partly because the ATAC seemed so keen to get new pilots qualified that they were willing to set up a credit facility with TD. As far as I know, there is no comparable arrangement in the U.K. I guess that isn't proof that there are more jobs than pilots, though.
Anyway, once again thanks for the replies. If anyone knows anyone who wants to hire a keen-as-mustard, no-time, CPL maybe with a float rating sometime towards the end of 2000, let me know!
cheers
TrueNorth