The franchise started its history under the current name in Vancouver, British Columbia, in 2000. It’s now a farm team for the Toronto Blue Jays.
Meaning and history

2000 — 2004
The original Vancouver Canadians logo was a blue ellipse with the large word “Canadians” and the smaller lettering “Vancouver” above.
2005 — 2007
In 2005, it was replaced by a large “C” on the red circle placed inside a blue ring.
2008 — 2013
In 2008, the ring grew red and a baseball appeared inside the “C.”
2014 — Today
In comparison with the 2008 version, the current emblem features a different typeface and a slightly updated palette.
Colors
The red of the Vancouver Canadians logo seems to have been borrowed from the parent team’s palette.