Canada would definitely have a good chance to win but it would be interesting. This will never happen though for several reasons, the main reason for me is that it's a humiliating concept for the other countries to begin with.
International hockey isn't dead, but it has gotten boring.
There's nothing to be done about it, it's just the way it is and will likely stay that way for some time yet.
I can understand why the NHL might have tried these gimmick teams - Canada is just so dominant that they were desperate to make the tournament worth watching. There are those who are upset that there were gimmick teams instead of Slovenia and Switzerland or whoever but if they had gotten their wish, the tournament would have still been boring. In fact it would have been even more boring as for many people, team NA was the only team that was interesting to watch.
The NHL tried something, I didn't like the idea but in retrospect it doesn't seem like they missed a great opportunity or anything. The golden era of international hockey was in the 70s and 80s with Canada and the Soviets going at it. The Czechs were in the mix as well and as some other nations made strides, it looked like by the year 2016 ( or thereabouts
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) we just might have many countries with a legit shot at winning at any given time the best got together to play hockey. Didn't quite work out that way and the future of international hockey looks bleak indeed. Of course there is still the cache of the Olympics and the tradition of the WHC and there seem to be many fans (in Europe mostly) who think those titles are so important that they transcend the quality of play so I guess they're still at least somewhat content, me I'm kind of depressed and hope the Russian hockey program rises from the ashes or something. Or maybe the USA takes a leap forward somehow, as it is I only see more boredom in the foreseeable future.
Oh well, I can always re-watch the 1987 series like I do every few years and remind myself how good we hockey fans had it for a while there.