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Canada defeated Russia on a dramatic penalty shot by Yanic Perreault, and the Czech Republic overwhelmed the United States 5-0 Friday to reach the finals of the World Ice Hockey Championships.

The Canadian victory was settled on a penalty shootout when the game was tied 2-2 after regulation and a 10-minute overtime.In the first segment of five penalty shots, each team scored once - Sergei Berezin for Russia, Ray Ferraro for Canada.

Berezin scored on Russia's first shot, and it remained 1-0 until Ferraro tied it on Canada's last shot. Victor Kozlov had a chance to win it for Russia on his final shot, but he missed wide.

On the sixth shot - now a sudden-death situation - Berezin beat Canadian goalie Curtis Joseph, but Paul Kariya came back to beat Russian goalie Andrei Trefilov with a high shot from a wicked angle.

On the seventh and deciding shot, Valeri Karpov was stopped on a glove save by Joseph. Perreault then beat Trefilov high on the glove side for the winner.

The penalty shootout was the third for Canada in the last three years. It lost Olympic gold to Finland in 1994, beat Finland in the world championships the same year and was eliminated from the worlds last year by Sweden.

The dramatic victory set up Sunday's final pitting the 20-time champion Canadians against the Czechs, who haven't won the title since 1985 but have picked up five bronze medals since then. Canada last won in 1994, breaking a 33-year drought.

Failing to reach the final ends a streak for Russia, which has won the title a record 22 times. Beginning in 1963, the Russians never went more than two years without winning the title. Russia's last gold was in 1993, but the program has been slightly weakened as several hundered Russians players have gone to play in the NHL and European leagues.

In Saturday's third-place game, the United States will play Russia as the Americans look for their first medal in 34 years.

The Czechs won their game in a span of 27 seconds in the first three minutes of the game when they stunned the Americans with two short-handed goals.

The Russians also started fast.

Russia went up 1-0 at 4:29 of the first period on a power play when Dmitri Kvartalnov scored on a wrist shot against Joseph.

Russia made it 2-0 on another power play, this time with Sergei Brylin scoring at 16:32 when he flicked a backhander past Joseph.

The Americans' start in the semifinal was abysmal as the Czechs scored on their first two shots against goalie Parris Duffus, a minor-leaguer who has been the bulwark of the U.S. defense throughout the tournament.

Martin Prochazka scored the first short-handed goal at 2:05 and Jiri Kucera scored at 2:32 on a 2-on-1 break, again catching the American defense napping.

The Czechs led 3-0 after the first period, held off the Americans in the second period with several key saves by Turek, then added two more goals in the final period.