Time for me to be a pedant.
The AK is technically legal in Canada. You need the proper license to own one, but provided you have those licenses, you can own one with no problems. You can't really shoot it, however. Those licenses would be a 12.2 license for a full automatic AK, a 12.3 license for a converted automatic and a 12.5 license for a semi-auto clone that is not one of the Valmets that are specifically exempted from the prohibition. The issue being, unless you owned one of those AK's and complied with the government's fascist registration scheme back in the 1990's, you'll never own one. The amount of people who can have those licenses can only go down as they die or forget to re-new, etc. There are actually very few firearms that are strictly 'illegal' in Canada. What the Progressive CONservatives and Lieberals of the 1990's did was classify a whole bunch of them differently, and then lock out new people from getting those licenses. So, while a Chinese Type 56 isn't technically illegal if it's registered and in the possession of somebody with the proper license, you can't get the proper license. It's a very clever way of banning guns without actually 'banning' them or confiscating them outright. Wait for the owners to die, then confiscate them. It's delayed confiscation.
The Valmets that are legal are expensive, but they are very much AK's. If you're willing to spend the money, you can have a non-restricted AK in a Valmet.
To answer your question, which I believe was meant to be 'will the AK be de-regulated and brought back to a reasonable classification?'
Probably not. Government likes taking freedom, but it very much despises giving a whole lot of it back. Join the NFA, write your MP's and vote with your wallet. Don't support a politician that supports anything less than a repeal of our draconian firearms act.