I think everybody knows Canada is still #1 in hockey. Just that countries are catching up. And Canadians forget how arrogant they often are winning (often on their home ice too as half are held there). So I don’t mind the peacocking.
And imagine if Russia with their recent talent are allowed in. So there are lots of what if’s as there always are.
I do think the different paths the US and Canada use for youth/junior development leans towards the US. I think Canada is going to find it impossible to change their whole program as was mentioned a few years ago as a reason US is catching up quickly.