Part of it has to do with the importance of Women's sports in North America. Womens sport is funded here much better than most of the world. It is only recently that countries like China and many European countries have funded their female athletes.
Canadian Women therefore have an advantage until the rest of the world catches up.
Canadian Men are competing in a much greater talent pool, because the funding for men has been in place many more years. Canada tends to excel at newer sports (ski/snowboard cross, skeleton etc.) come to mind. This is the advantage to being a developed multicultural country where many citizens have the opportunity to try a variety of different sports.
In the long term I think we will see Canada win LESS overall medals, but continue our dominance in newer sports and traditional sports such as Curling and Hockey. I think if anyone were to do a study, they would find the funding to success (with a 10-20 year time delay) trend line would show significant correlation.
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