Accordin to recent rumors, the replacement for the highly popular EOS M50) will be announced within this week. The product in question is the EOS M50 Mark II. It seems that Canon might also release the PowerShot Zoom concept camera with this MILC.

The EOS M50 Mark II will include a 32.5 MP sensor (up from 24 MP on the EOS M50), as well as improved autofocus, 14 frames-per-second continuous shooting, 4K/60p capabilities without a crop, one SD card slot, and a 3.69M-dot electronic viewfinder.
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https://www.dailycameranews.com/2020/10/canon-to-announce-eos-m50-mark-ii-with-32-5-mp-14-fps/