Canada has no stature in the region for starters.
Secondly, Trudeau lacks leadership abilities and is entirely dependent on the views of his advisers.

He has chosen as his senior adviser, a Saudi born Muslim who is reputedly very anti Semitic.

End of any chances that Trudeau will have the support of Israel.

Thirdly, no one in the Middle East but Israel wants a two state solution .
Palestine is merely the military staging point for major proxies in the Region like Iran and Syria .

Until Palestine is no longer  the  proxy containment and extermination solution for Israel, forget any new peace initiatives.
It is what it is..