The 25-year-old wicketkeeper/batsman will now lead the Canadians in the UK later this month against Ireland in the ICC Intercontinental Cup final.
'It is a big challenge for a young guy and I don't know how the captaincy will impact on him personally. But he has been playing cricket for a long time,' said Canada manager Mike Henry this week.
It is understood that former skipper Davison has expressed an interest in coaching the country he led in the previous two World Cups, while senior members George Coddrington and Andy Cummings have both bowed out of international cricket with another veteran Desmond Chumney expected to follow suit.
Former coach Andy Pick has returned to the UK and is currently coaching England's Under-19 squad after his contract with Canada was not renewed.
Pick, however, has agreed to assist the Canadians during this month's commitment against an Ireland team who shocked Test team Pakistan and Bangladesh and advanced to the Super Eights stage at the recent World Cup in the Caribbean.
'He (Pick) has volunteered to look after the team when we are there and has already made all the arrangements for training facilities and a couple of warm-up matches,' Henry said.
Canada have a busy summer ahead of them as they will host the United Arab Emirates (UAE) and Holland in late June and early July in the 2007 Intercontinental Cup.
The Americas team will then compete against Test sides Pakistan, West Indies and World Cup finalists Sri Lanka in a Twenty20 tournament scheduled to be held at the Toronto Skating, Curling and Cricket Club in Ontario in late August.
'It is going to be huge and probably something good for Canadian cricket. And I hope we can benefit a lot from it,' Henry said.
The format for the Twenty20 tournament, to be held from August 31 to September 3, will see each team play four games, three in the group stages and then one additional match in either the final or third place play-off.
The city of Toronto has become somewhat of a Mecca for cricket this year having already hosted the Legends of Cricket exhibition match involving former Test stars from India and Pakistan at the Rogers Centre.
Toronto has also been confirmed as the venue for the 2007 Americas Under-19 Championships to be held in mid-August where Bermuda will be among the favourites to qualify for next year's Under-19 World Cup in Malaysia.