Today on September 18, Capcom announced that its Vancouver-based studio has had development terminated on an unknown project. We don't know what game exactly has been cancelled, as it wasn't known what Capcom Vancouver was working on.
Over on the official Capcom website, the news was announced. "Capcom Co., Ltd. (Capcom) announces that it expects to record losses from the termination of development projects in its consolidated financial results for the six months of the fiscal year ending March 31, 2019 (April 1, 2018 - September 30, 2018)," the post begins.
The announcement then goes on to state that Capcom expects the losses from the cancellation of the unknown game to be approximately 4.5 billion Yen. However, the post goes on to say that due to continued performance of Monster Hunter World (which released last month on PC), "the forecast for Capcom's consolidated business results remains the same as what was projected at the financial results announcement on May 8, 2018".
As of right now, we're not sure what project has been cancelled at Capcom Vancouver. It does seem, however, that the studio has been kept open, suggesting development continues on at least one project. Back in February, Kotaku reported that a new project had been cancelled and some staff laid off, leaving the studio to focus on a new Dead Rising with a cutback scope. Capcom Vancouver's work on Puzzle Fighter mobile ended in April this year.
We'll keep an ear out for any more news surrounding the cancellation, and report any further details as they're made available.