Here's my ranking for Canadian division overall talent for Forwards, Defensemen, and Goalies. In brackets are the "impact" players (for goalies it's just projected starters), but the ranking as mentioned is for the overall depth of talent on the roster for each position. This is not me saying "McDavid/Draisaitl/RNH are the X best impact players", but it's me saying "Overall their F core is ranked X when including those guys".
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Forwards:
1. Toronto (Matthews, Tavares, Nylander, Marner)
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2. Calgary (Tkachuk, Gaudreau, Lindholm, Monahan, Backlund)
3.Winnipeg (Wheeler, Ehlers, Scheifele, Laine, Connor)
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4. Edmonton (McDavid, Draisaitl, Nugent-Hopkins)
5. Montreal (Gallagher, Toffoli, Tatar, Suzuki)
6. Vancouver (Pettersson, Horvat, Boeser, Miller)
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7. Ottawa (Tkachuk, Dadonov)
Toronto has the best four forwards of any team. The depth isn't fantastic on F as it's a lot of old guys & young guys we haven't seen enough of yet, but including Hyman, Mikheyev, Kerfoot, and Vesey as good middle-6 players, Thornton, Spezza, and Simmonds as vets who may have something left in the tank, and Robertson, Anderson, and Engvall as young guys that have already shown to have positive impacts makes us (imo) by far the best forward group in the Canadian division.
I'd argue Calgary and Winnipeg as almost ties in forward rankings. Their top three guys on each team (Tkachuk, Gaudreau, Lindholm/Wheeler, Ehlers/Scheifele) are ridiculously close (even though the Winnipeg players have bigger star power), but I prefer Monahan/Backlund to Laine/Connor as I think they're two of the most overrated players in the league. Both have good depth players (Mangiapane, Bennett, Leivo/Stastny, Perrault, Lowry), but I personally think I'd prefer Calgary's forwards.
Edmonton was the hardest one to rank for me because realistically it could be anywhere between 2 and 5. Nobody in the league boasts 2 talents like McD/Drai obviously, but I do think Drai is very overrated. I think he's ahead of Tavares today, but I think Matthews is well ahead of Drai. Outside of those two, they have Nuge and Yamamoto who are both excellent players.... and then nothing. Is their 5th best player Kassian? Ennis? Neal? I know you can have McD/Drai on the ice for 50 minutes a game- especially in a shortened season, but their defensive awfulness + literally no depth to me puts them behind Calgary/Winnipeg and slightly ahead of Montreal.
I hate to say it, but I like Montreal's team. Their coach I think is fantastic, but their team is full of guys that Edmonton wishes they could have behind McD/Drai/Nuge. Gallagher is a borderline star. Toffoli & Tatar are very good players. Suzuki is one of my favourites before he was traded to Montreal. Danault, Anderson, Lehkonen, Armia are all good middle-6 (or better players). Not to mention Drouin could finally hit, and Kotka may be able to figure out his shit. Other than Gallagher nobody really stands out, but they are 10 forwards deep worth of "good players".
Vancouver is a mess like Edmonton, but their star power isn't nearly as close. I think EP40 is probably the 3rd best player in the entire division (after McD/Matthews), but after him there's no Drai and there might not even be a guy as good as RNH. Sure Boeser & Horvat are very good and so is J.T. Miller, but after those three guys....... there's not a single guy I'd want on the Leafs besides maybe a healthy Ferland. Benning may be a fantastic drafter, but the contracts he gives out, woof.
Well, Ottawa has Tkachuk (who's a star) and Dadonov. Brown & White are decent, but other than that it's a bunch of meh and non-star level young players coming into play. Maybe Batherson, Brown, and Stutzle can make them better but I'm not convinced they're even on Vancouver's level. Remember when people were like "Ottawa is close to Toronto".... lol okay.
Defensemen:
1. Toronto (Rielly, Muzzin, Brodie, Dermott)
2. Calgary (Giordano, Andersson, Hanifin, Tanev)
3. Montreal (Petry, Weber, Chiarot)
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4. Vancouver (Hughes, Schmidt)
5. Edmonton (Barrie, Nurse, Larsson)
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6. Winnipeg (Morrissey, DeMelo)
7. Ottawa (Chabot)
This one is much closer for Toronto. Sure I think their defense is criminally underrated, especially after Keefe took over, but this is a team that has four 1st pair impact defenseman. Nobody else in this entire division have more than two. Sure Dermott comp, blah blah, but it's similar for Andersson. Not to mention we have Holl, Lehtonen, Bogosian, Sandin, and Liljegren who are all NHL level at varying degrees.
Calgary still has Gio who is still a star, but took a step back in 19-20 and isn't probably the best defenseman in the Canadian division any more. Andersson is a soon-to-be star, slightly ahead of Dermott for me, and with Hanifin and Tanev you could do much worse to round out your top-4. They also have Valimaki and Kylington hopefully (not) ready to make an impact.
Montreal is another underrated defensive team. Their coach deserves so much credit, but Petry and Weber are both still fantastic top-pairing quality defenseman. Chiarot came out of nowhere to become something, Kulak and Petry were one of the best pairings in the league last season, and they have Romanov hopefully (not) ready to make an impact. Edmunson is trash, so hopefully they use him in the top-4.
And then the defense in the Canadian division falls off a f***ing cliff. Vancouver has arguably the best top-pairing in the division with Hughes and Schmidt, and then.... Edler? Myers? Sure they're kind of "big names" but they're both not overly good anymore. Idk man.
Edmonton. Their best defenseman Klefbom is out for the season. Barrie could be nice, but it's more bad defensive play on a bad defensive team. Nurse and Larsson are fine, but overrated. They really gotta hope Bear, Jones, Bouchard, and Broberg figure it out, hopefully (not) this season.
What happened to Winnipeg's defense. Their best defenseman might actually be DeMelo as Morrissey has been getting crushed as a #1. Other than those two though... it's bleak. Pionk? Sbiza? Beaulieu? Forbert? Better hope Heinola can come in and be a saviour.
Ottawa "on the Leafs tails" have Chabot.... and hopefully Brannstrom. But filling your other four spots with Zaitsev, Gudbranson, Reilly and Brown is horrible lol.
Goalies:
1. Winnipeg (Hellebuyck)
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2. Calgary (Markstrom)
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3. Toronto (Andersen)
4. Montreal (Price)
5. Edmonton (Koskinen)
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6. Ottawa (Murray)
7. Vancouver (Holtby)
This one I did mathamatically. I took each goalies GSAA + their GSAx and added them together with a .75 multiple on 18-19 and 1x multiple on 19-20.
Helley and Markstrom are the only goalies with two positive seasons in a row, with Helley's 2019-20 being the best in the league. He's easily the best goalie in the division, and I'd bet on Markstrom being #2.
Andersen, Price, Holtby and Murray had good/great 2018-19's, but their 2019-20's were all much (to a varying degree) worse. Koskinen is saved by his steller 19-20 (don't forget how bad Edmonton is defensively), which makes him slightly ahead of Price by the numbers, but I'd bet on Price over Koskinen.
Murray had one good season in 18-19 and had the 2nd worst season of any of these goalies in 2019-20. Holtby was good in 18-19 and the worst goalie in 19-20. They are very clearly the worst two goalies in the division right now.
Overall Rankings:
1. Toronto (1st / 1st / 3rd)
2. Calgary (2nd / 2nd / 2nd)
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3. Winnipeg (3rd / 6th / 1st)
4. Edmonton (4th / 5th / 5th)
5. Montreal (5th / 3rd / 4th)
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Vancouver (6th / 4th / 7th)
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Ottawa (7th / 7th / 6th)
I think it's pretty clear that Toronto and Calgary have the best two teams overall. Player-wise I don't think anyone touches Toronto, and if Fred/Campbell can actually save the puck we're going to dominate the division imo. Calgary to me is almost as well rounded, but the better goaltending could really help them.
Winnipeg, Edmonton, and Montreal are all pretty close. I'd argue Montreal is most well-rounded, but Winnipeg's goaltending could literally carry them into first place, especially with their great forward core. Edmonton has gotta hope Koskinen keeps it together with arguably a worse defense-core and no significant adds on offense.
Vancouver losing their 2nd best defenseman, imo 2nd best forward, and imo 2nd best goalie (for the 7th best) in the division is a gigantic blow. Sure they grabbed Nate Schmidt who is better than Tanev, but outside of their 1st line and 1st pair there really isn't much to write home about.
Ottawa still is probably the worst team in the league, and I honestly don't know who could be worse.