Will Canon ever move into the Medium Format space?

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Bad idea - too big an investment for too little return. Besides, with improvements in sensor technology the full frame 35mm size will rival MF within three years. Even MF titans like Hasselblad are cutting MF prices - you can get the Pentax 645 for not too much more than a 1Dx and gearing up
to produce a new line of lenses with a limited market is really dumb.
 
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bdunbar79 said:
The answer is no. They have absolutely no reason to enter such a small, and I mean very small, market compared to a huge market that they currently dominate. No business sense in doing so.

Business sense is not that simple. Why do you think VW offers such a variety of cars under all kinds brands ranging from Bentley to Audi, Seat & Skoda? Most of them cars compete with each other on the same markets.

Canon could for example release cheap medium format cameras just to make other brands disappear from markets. In long run that could actually bring more customers to Canon's main formats.
 
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