We already build a REALLY good bolt action, just not in an AR style. And frankly our bolt action rifles will always eclipse any rifle with an upper and lower design for accuracy.
To answer your question however. Not a very good chance at all, we would have to completely design an entirely new rifle, which costs money. ALOT of money especially given the miniscule market that Canada offers.
To put it into perspective for you, the Modern Hunter cost us well in excess of 75K to get just the 1st prototype functional. Since the 1st very crude prototype the investment costs have sky rocketed with now designing the final product and all the proprietary parts, then making programs and fixtures for all the parts we need to manufacture that can not be purchased elsewhere. Add to that the costs of specialized tooling that just this rifle requires. Just the 1 drill used to put the hole through the upper for the bolt to run in was nearly $2000.00 alone.
For several years now we have made AR15 style rifles and most of the tooling and all of the fixtures are totally useless for the making of this gun.
I am not complaining just simply trying to educate folks on what has actually gone into essentially re-working a 60 year old design to deal with some stupid laws. If it was cheap or easy I know there would many more shops doing this.