To be fair, Cindy Klassen went home with five medals after Turin (including a gold), and other than that, it's not like Canada has that many situations where one of them is a big favourite. Especially yesterday's 500m...sure, Canada had good chances, but it was one of the most open events of the entire Olympics, literally half the field would have been a non-surprising medalist and so every single one of them had a bigger chance not to win a medal than the other way around
And about the World Cup thing: that's speed skating, where the World Cup just doesn't really have much meaning. I think only in the 'X-Games events' the World Cup means less
I've been watching speed skating for 20+ years and I don't think I remember a single season where there was more than a minute of talking about who would win the World Cup classification in a certain distance (or overall, I think they have as well now?).