According to Wayne Francis' site:
Lightfoot's new studio album has been completed and awaits release once a label has been determined. The recording was done prior to Gord's illness last year, with some instrumental overdubs being done since that time to round out the sound and production.
News on label and release date will be forthcoming. Album title and tracklist are still not finalized and subject to change.
More news as it becomes available
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We knew he'd been working on one, and he'd mentioned in the April Toronto Star article:
"During the interview, he not only revealed that he was continuing to work on an album — the 20th of his career — that he had begun early in 2000 and for which he has written 23 songs, he also played recordings of a few of them during this interview."
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Alas, the reporter either didn't think to ask, or Gord never said, the names of those songs that he played (lucky devil.)
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