It's a killer whale. And its their mascot.
To add to that point, it is because they are owned by...
Orca Bay Sports and Entertainment operates a network of Web sites that provide information on professional sports and entertainment. It owns and operates the Vancouver Canucks professional hockey franchise, as well as team's home arena and General Motors place in Vancouver, British Columbia. The company was founded in 1995 and is based in Vancouver, Canada.
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a killer whale
The term Canuck is a slang for Canadian (often used offensively). Since Montreal had already taken the term "Canadiens," Vancouver chose the name Canucks.
They were the Vancouver Millionaires.
The Vancouver Canucks and Buffalo Sabres became NHL clubs in the 1970-71 season.