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Could Canada join the European Union?
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UK did exactly that. They never swapped their pound with euro. I'm all for it!
They were a founding member and got a special carve-out.
Theoretically, there's nothing stopping any new country from joining getting a carve-out. You just need everyone to agree to it. And tbh, getting them to agree to let Canada continue using the Canadian Dollar is probably a much smaller ask than getting them to let a North American country into the European Union.
Carve-outs of the rules have way more practical implications than just making the EU name slightly ironic, though. Asking for both just seems rude to me, but I could be wrong.