the IIHF to discuss having its own 1952 Ice Hockey World Championships instead. He further stated that the Olympics would be a financial failure without the inclusion of hockey. Hockey was ultimately included in the Olympics, and the gold medal was won by Canada's team for the second consecutive Games. It would be the last time that a Canadian team would win a gold medal in hockey for 50 years. The United States won silver and Sweden won bronze. A team from Finland competed for the first time. 1956–1976 The Soviet Union competed in its first World Championship in 1954, defeating Canada and winning the gold medal. At the 1956 Winter Olympics in Cortina d'Ampezzo, Italy, the Soviet team went undefeated and won its first gold medal. Canada's team lost to the Soviets and the United States in the medal round, winning the bronze. The 1960 Winter Olympics, in Squaw Valley, United States, saw the first, and to date only, team from Australia compete in the tournament. Canada, the Soviet Union, Czechoslovakia and Sweden were the top four teams heading into the Games, but were all defeated by the American team, which won all seven games en route to its first Olympic gold medal. Canada won the silver medal and the Soviet Union won the bronze. At the 1964 Winter Olympics in Innsbruck, Austria, the Soviet team won all seven of its games, earning the gold medal. Canada finished the tournament with five wins and two losses, putting the team in a three-way tie for second place with Sweden and Czechoslovakia. Before 1964, the tie-breaking procedure was based on goal difference in games against teams in the medal round; under that system, Canada would have placed third ahead of the Czechoslovakian team. During the tournament the procedure was changed to take all games into consideration, which meant that the Canadians finished fourth. At the time, the Olympics counted as the World Championships; under their (unchanged) rules, Canada should have received bronze for the World Championships. The Soviet Union won its third gold medal with a 7–1 record in the 1968 Grenoble Olympics. Czechoslovakia and Canada won the silver and bronze medals. It was the last time that the Olympics were counted as the World Championships. In 1970, Canada withdrew from international ice hockey competition protesting the use of full-time "amateurs" by the Soviet Union and Czechoslovakia, and the team did