My initial thought is satire, tasteless satire to say the least given Canada's contribution so far, and I think we're punching above our weight given our "rank" in the world.
Sadly though, while their mocking of Canada is for comedy, I think they reveal some of the hidden stereotypes of Canada that are out there and will be held as truth by some less critical viewers. The host and speaker also come off as completely arrogant b*stards who don't know much about anything - which perpetuates another myth.