You're mostly right. I am one of those people that probably cares more about the WJC (just given the tradition and time of year) than a run-of-the-mill NHL playoff series. However, I wouldn't say it's a "major" disappointment everytime Canada loses. For example, getting silver in an OT loss to the Americans after 5 straight gold medals in 2010? Disappointing ending but not a "major disappointment". Failing to medal in 2013 and getting our asses kicked by the Americans in the semi-final, after 3 years without gold? Possibly "major" category, especially when viewing the roster, but even that's up for debate. It really depends on a few factors, how loaded the team is, where it's being hosted/played, and how long it's been since Canada has won Gold. So for example, if Canada were to have lost the 2015 tournament, with McDavid, Domi, Reinhart, Duclair, etc., on home ice after not medaling in 2013 & 2014 (and not winning since 2009) would definitely have been a "major" disappointment, and possibly autopsy-inducing.