It must mean different things in different regions. This is what it means in Ontario where it is called a monthly tenancy: https://www.ontario.ca/laws/statute/

It must mean different things in different regions. This is what it means in Ontario where it is called a monthly tenancy: https://www.ontario.ca/laws/statute/06r17#BK43 https://www.ontario.ca/laws/statute/06r17#BK43 Secondarily, the notice period for a monthly tenancy in Ontario is still 60 days: https://www.ontario.ca/laws/statute/06r17#BK50 https://www.ontario.ca/laws/statute/06r17#BK50