Canada’s push to expand the NHL with a new team has faced mounting skepticism as financial and logistical hurdles grow more pronounced. League officials and potential ownership groups have struggled to align on key terms, including revenue-sharing models and franchise valuations, raising doubts about feasibility. Analysts cite the high costs of constructing or renovating arenas, along with the league’s existing financial commitments, as major obstacles. With no concrete timeline or clear frontrunner for a potential expansion, the future of adding a Canadian team remains uncertain.

Why Canada's NHL Expansion Dreams Are Likely Dead  Yahoo Sports