I would be very surprised if 2022 doesn't go to Munich.
They finished second to Pyeongchang for the 2018 games. 2022 will be the 50th Anniversary of Munich's Summer Games (which could be a bit of a touchy issue, but would also provide an opportunity for the IOC to address the criticism that they did nothing to honour the 40th Anniversary last year). It will make Munich the first city to host both the Summer and Winter Games. It will also be 16 years since the Winter Games were held in Western Europe (and depending on how tomorrow's vote for the 2020 Summer Games -- between Madrid, Istanbul, and Tokyo -- goes, it could be a decade since any Olympics in Western Europe).
I can't see the IOC awarding the games to Canada for the second time in 12 years, especially with no Western European games in the meantime.
A 2022 Calgary bid will almost certainly fail, but it would also serve as notice to the IOC that Calgary is a serious bidder again (and they have a history of letting cities fail once or twice before finally awarding the Games). If it can help generate some funding from the Federal or Provincial governments for a new arena and stadium, that's really all it would likely accomplish.
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