Times seemed golden for Czechoslovakia after they won 5-4 over the tournament-favourite USSR. This loss snapped the Soviet's streak of 39 straight victories in Olympic and World competition dating back to 1963. That equaled the record set by Canada between 1936 and 1948.
Czechoslovakia headed into the final game needing a win against Sweden to claim their first Olympic title, but had to settle for the silver medal after a 2-2 tie. The Canadian squad claimed the bronze in spite of a 5-0 loss to the gold-medalist Soviet Union on the final day.
The 1968 Olympic tournament marked the last time in which the Olympic, World, and European titles would all be decided on the basis of one event.