Yes in general.
If there is no opportunity for co-op/intern; then it comes down to how you utilize your time during Masters. Projects may play role if you work on company funded ones. So, it largely relates to your MS supervisor/professor. If s/he has previous industrial experience, known in power research and brings lot of funding; you'll have some chances through her/his contacts. But in M.Eng; you may not have these scopes. It may be entirely up to you how you manage a job after graduation. I hope it explains why I said 'Yes' in your 1st question.
FYI:
Search directory for Canada Research Chairs
Try your chosen province or nationwide with a keyword like "Power" as a search criteria and you will get to know the Research Chairs of Canada of different tiers. It will help you to find the best prof to do MS.
For example,
Prof. Ehab El-Saadany, Tier 2 Canada Research Chair in Energy Systems
Associate Prof. Rajiv K. Varma, Hydro One Research Chair in Power Systems Engineering
