What we're seeing in Canada right now is more an exhaustion of the possibilities of loosely structured vers libre than a concentrated and deliberate reaction against it. Rhyme and metre have always been a part of poetry written in English and, as resources, they are no less relevant to the present moment than they ever were. The way these resources are employed differs considerably from their use in past ages; if it didn't, it truly would be retrograde. Very few of the poets who use metre and rhyme do so exclusively, making the designation of "formalist" even more dubious.
- Zach Wells, "There Is No Such Thing As "New Formalism" in Canada"
That's two in a row for Zach. I think three is a record for this site...