That is often repeated, but not based on facts. Several nations have FPTP voting and more than two parties, including Canada and the UK.
Every election boils down to a choice between two parties: Liberal and Conservative. When the Conservatives are too socially regressive (“barbaric cultural practices hotline”, Pierre Poilievre) many NDP voters hold their nose and vote Liberal.
If the Conservatices continue down their current path, Canada will inevitably become a strictly two-party country: the NDP will cease to exist as an alternative.