Pat, not sure why you think a "Canadian" style canoe hull couldn't be rotomolded? Or are you saying you think the Canadian hull could be thermoformed? Like Mike has said, I can't see the prow of any canoe being thermo-formed and having (much) strength, due to the stretching/thinning of the material. Maybe the concept would work if the keel rib had provisions for adding strengthening material to the inside.
On the "other materials" topic, HDPE canoes are pretty nice, but heavy if they are to be durable. If I had the time, $$$, and wanted to build a class III capable canoe, I would find a good "fiberglass" mold for the style of canoe I wanted, and then read up on using either an epoxy/kevlar or a urethane/kevlar system instead of glass fiber. You can form some pretty complex shapes in an "open" hand-laid mold.
There are several local river boat races around where I'm from, which are usually won by people with home-built boats of the above materials. These races typically take place on class II and III rapids. Some of the winning hulls appear to be ~1/8 in. thick, extremely light, very supple (the hull can buckle over rocks/tree stumps without creasing/cracking) and strong. At least, that's what I could see from my old fiberglass tub, as the winners streaked past...
I really do like Pat's suggestion too, of a keel strake (or multiple strakes) of poly that are bolted or...dovetailed? on in some manner removably mounted onto the hull for abrasion resistance. Once they've started to get really scuffed up, you could strip it off and attach fresh grind rails...