One can only hope, but probably not. That being said - this is a good sign for Canada (and I say that as a small "r" republican).
The Liberals removed the "royal" designation in 1968 when they amalgamated the branches of service and called the military the Canadian Forces.
General Walter Natynczyk, chief of the defence staff, announced the decision to bring back the word "royal" for the official names of the two branches of the military in a memo posted on Monday on the military discussion site Milnet.ca.
The initiative to restore the names of Canada's former services "is aimed at restoring an important and recognisable part of Canada's military heritage," Gen Natynczyk said.
"These were the services that fought and emerged victorious from the Second World War and Korea and contributed to the defence of Europe and North America from the early days of the Cold War. These were also the services that paved the way in terms of international peacekeeping missions."
One final note; I don't know about you, but there are a lot of things picked up in the West circa 1968 I would love to throw away.