The Canadian market is tapped out for NHL expansion only if you exclude Quebec City, Hamilton, and York Region. We're saturated at ~10 teams. US markets may have larger populations but that doesn't make them more enticing to the NHL.
Competition for the entertainment dollar, corporate base, cultural interest, and a number of other things factor in.
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ELBOWS UP CANADA, ELBOWS UP UKRAINE, ELBOWS UP GREENLAND
CANADA, EUROPE, NZ, AUSTRALIA, JAPAN, MEXICO STRONG
US REPUBLICANS/MAGA/ICE NOT WELCOME HERE, STAY OUT
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