The only thing that makes the Canada line a light metro, is the tiny 40-metre long trains, not much longer than a streetcar!
If they ran 92-metre long trains like the Sheppard line, or 90-metre trains, which the stations on the Eglinton line are built for, it would be heavy metro.
Like all things, these terms of Light Metro and Heavy Metro are mostly invented terms to put things into easy to understand boxes for the general public. Engineers etc dont care about such terms, they just care about the technical requirements of each job.
So, theres obvious overlap between Light Metro, Heavy Metro etc.
The only thing I will say, is that beyond the length of the Sheppard Line, the induvidual cars of the TR Rocket trains are not only a bit wider and longer than the Canada Line trains, they are also a bit heavier.
This is one of the foreseen 'advantages' of a Light Metro over heavy metro: the smaller turning radiuses, grade angles and lighter cars allow for cheaper costs for elevating the line, and the ability to fit the line around areas with tighter curves etc.
Although the Canada Line trains are on the bigger end of Light Metro cars, there is still another reason they are considered Light Metro while the TTC subway system is not.
The TR Rockets also while having the technology for ATC in them, can be driven by a driver and work on a fixed block system, and the Canada Line trains are entirely automated, with no driver cab. Its rare for a Light Metro to use a fixed block system, they almost all exclusively use some kind of PTC or ATC, even if driver controlled. While you can find Light Metro trains with a driver cab, a fully automated system with no driver cab is quite rare for a system that is considered a "heavy metro".
Thats why the Millennium Line is considered Light Metro, even though they operate quite long trains now. The induvidual trains are quite small, narrow and light, and they are completely driverless and automated.
You have to kind of tick off a bunch of boxes to be considered Light Metro, but not all of them.
The Canada Line ticks off the completely automated box, even though the cars themselves are almost big enough to be considered Heavy Metro, but the platforms and train length is short and that ticks off another box. The Millennium Line trains are now long enough to be considered Heavy Metro, but they are small, narrow and light cars, and they are fully automated. Enough ticks in the light metro category.
The TTC subway system ticks off none of the light metro boxes. If it was running 2 car trains, maybe, but even that is barely enough considering the weight, size and driver cabs of the trains.