Even in Canada the second officer (F/E) route is of limited value. Don't waste any more time doing it. Do your best to get yourself a job in the right seat of something - anything. You need some handling time. Unfortunately F/E time doesn't go far in terms of getting an ATPL, which is what you need for employers to take you seriously. You must do everything you can to get those hours and sitting facing the wall is not the way to do it. Times are tough, but in Canada they always are for pilots. Just perservere and you will get something.
Lazlo