Canada lost 5-1 to Finland in today's semifinal at the world junior hockey championship in Sweden, with the winner now advancing to tomorrow's final against the home country.

Also on Sunday, Canada will play for the bronze against Russia.

Russia lost Saturday to Sweden, which dropped the final last year to the U.S. .

Finland's Joni Nikko got the semifinal scoring started early in the first period at the Malmo Arena.

Minutes later, the team went ahead 2-0 early in the second on a power-play goal by Artturi Lehkonen.

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Canada's Sam Reinhart screens a shot on Finland's goalie Juuse Saros during first-period semifinal IIHF world junior hockey action in Malmo, Sweden, on Saturday. Frank Gunn/Canadian Press

Canada's Jonathan Drouin scored to make it 2-1 in the second half of the second period.

Rasmus Ristolainen's goal finished the scoring before the end of the second period, on a shot on Canadian goaltender Zach Fucale. 

A penalty shot and goal on Fucale by Finnish captain Teuvo Teravinen made it 4-1 with just over three minutes remaining.

Finland capped its win with an empty-net goal by Teravinen in the dying seconds of the game in the 2014 International Ice Hockey Federation competition.

This marks the fifth year in a row that Canada has failed to win a gold medal, after five years of taking the title.

Last year at the Russia tournament, Canada finished fourth.