Error connecting to Dropbox

That can mean varied things. Don’t bet your business on any one backup. Run two, one offsite.
Need for long-term archiving (versus short term recovery) might also guide your stability needs.

Yep. If it’s a Canary, it’s for users who pick the new features and fixes, along with any new bugs.
You can get some sense of whether anything bad escaped by watching releases category notes.

You can browse Canary history there. The current one is a month and a half old and seems well.
Other times, you will see a succession of faster respins. A better chronological view is in GitHub.

is the typical Test connection, just a file list as a basic sanity check to see if destination works.
There are usually list operations done before and after backups, so I don’t know why button fails.
Possibly you’ll discover patterns, or if you want to hunt, Export As Command-line and test a URL.