Sounds like a problem to me. The only light that should be orange all the time is UPSTREAM (orange light means its bonded to one channel only, green means multi channel bonding) and Cogeco does not employ multi channel upstream yet.
The only other light that COULD be orange is LINK, and it will be orange if your not connected to a gigabit Ethernet port.
reply to Airwolf I figured it out and I'm an idiot. I misread the LED and the Orange light was for Link. Then it clicked in after I had read the manuel pdf the other day. Checked my router connection and surely enough the cable was loose a bit.