Contradiction?

Can something be a happy melancholy? Is that possible, or is it an outright contradiction?

I ask this because that seems to be what I am feeling right now. This all revolves around a song. Specifically the Tragically Hip song Bobcaygeon. I've heard it a million times before, on the radio, at the grocery store, in video rotation on Much More Music. But not until yesterday did I actually sit down and LISTEN to the song.

I'm not sure what it is. It may be Gord Downie's voice, or just the whole laid back vibe of the band, but happy melancholy is the only way to describe it. I feel like I should be depressed by the song, but I instead can't help but feel uplifted. It makes me happy, this is a good thing.