canadian bacon means: It is a lean and smoked meat, closer to bacon than to ham. The tender, lean eye of the loin is located at the center of the back. In Canada, it is known as “back bacon”. (in Cooking Dictionary)

What else does canadian bacon mean?

Large rib-eye muscles from the pork loin are cured and then smoked. This ham is more nutritious than regular bacon and has a lower fat content. (in Cooking Dictionary)

A pork loin with a lean and boneless rib-eye that has been dried, cured, and smoked. (in Cooking Dictionary)