I like double edged blades a great deal, for certain uses. Polkowski makes many superb ones, primarily for "tactical" purposes. There are techniques you can do with two edges that you can't do with one, but not everyone agrees how essential they are. I have a Wally Hayes waki with a double edge that is not only great for double edge techniques, it's beautiful. A double edged hamon done right is gorgeous. Really gorgeous.
I also think double edges can be extremely useful for a kayak/canoe knife, especially with one edge serrated and the other not serrated. Neil Blackwood made a custom stellite double edged kayak knife like that for me that is fantastic, and similar ones in less expensive materials are very popular production models to lash to pfds. There are also quite a few utility knives with double edges, but usually not full length top edge for obvious reasons already pointed out above: it's hard to press on the top edge if it's sharp, and if it extends too far back there is a risk of cutting yourself accidently. Also, especially in wakis and swords, it's possible to cut yourself on drawing and on using some single edge techniques, which you might do reflexively. Also, I haven't find many folders secure enough for a double edge, although I have a partially double edge framelock Maxx that is excellent, but it couldn't be sharpenned too far back since the sharp edge would be exposed when folded. An Elishewitz phantom would be great double edged, though. Mine isn't. There were a few good folding fighters that had a top serrated edge, used more for trapping and grabbing than cutting, and of course, lots of "survival" knives have top sharpened areas as wire cutters etc. Simonich made some beauties, but that's a little different than a full edge.
No legal problems with a double edge per se in Canada, but it does increase the risk of it being regarded as a weapon unless it's obviously a "survival" or outdoor knife.