There is no simple definition of species, since it depends on what characteristics you focus on:
species: An important classificatory category, which can be variously defined by the biological species concept, cladistic species concept, ecological species concept, phenetic species concept, and recognition species concept. The biological species concept, according to which a species is a set of interbreeding organisms, is the most widely used definition, at least by biologists who study vertebrates. A particular species is referred to by a Linnaean binomial, such as Homo sapiens for human beings.
cladistic species concept: The concept of species, according to which a species is a lineage of populations between two phylogenetic branch points (or speciation events).
ecological species concept: A concept of species, according to which a species is a set of organisms adapted to a particular, discrete set of resources (or "niche") in the environment.
phenetic species concept: A concept of species according to which a species is a set of organisms that are phenotypically similar to one another.
recognition species concept: A concept of species according to which a species is a set of organisms that recognize one another as potential mates; they have a shared mate recognition system.
ring species of warblers
I wonder if canines could be considered ring species? Does anyone know if toy dogs ever successfully breed with saint bernards? Body size matters if they are physically unable to mate and bear puppies. Mating behavior and reproductive cycles (wolves only come into season once a year) are probably more important for separating species.
Differences in digestion, tooth size, coloring, etc. would lead to populations inhabiting different ecological niches, possibly keeping them from meeting or being inclined to mate.
We could probably produce canine speciation on a genetic level by inducing mutations and selectively breeding the resulting puppies, but it would be expensive, time-consuming, and there would be a lot of wastage. A lot of work has been done with lab mice, but I am not aware of any new species being produced.