Great Big Sea Did a version of this song on thier 3rd album
Three Wheat Ships or Trois Navieres de Ble It's origins are from French speaking Newfoundland so not actualy Canadian untill many years later!

I tried to past the lyrics & translation here but the formating did not hold so it looked funny but here is the link

http://www.flybyday.com/gbsboston/troisnav.htm