Finland climb in the rankings despite their final defeat to Canada ©Getty Images

Finland and the United States have both moved up one place in the International Ice Hockey Federation (IIHF) rankings following the conclusion of the men's World Championship in Russia.

The Finns went through the entire tournament with a 100 per cent record until yesterday's final at Moscow's VTB Ice Palace, where they were beaten 2-0 by defending champions Canada.

Despite this setback they have moved up to third in the world, behind the Canadians who remain on top and second place Russia.

The US have jumped up to fourth spot after reaching the semi-finals of the competition.

After sneaking into the knock-out phase in fourth position from Group B after losing three matches during pool play, the Americans enjoyed a penalty shots win over a fancied Czech Republic side in the quarter-finals.

They then gave rivals Canada a battle in the last four, eventually going down 4-3.

The United States move up a place after finishing fourth in Russia
The United States move up a place after finishing fourth in Russia ©Getty Images

In the bronze medal contest, they were thrashed 7-2 by Russia.

Both Finland and the US have moved above Sweden in the rankings, who have dropped from third to fifth after being thumped 6-0 by Canada in the last eight.

Germany are a big mover in the standings after climbing three places to 10th.

After four wins in Group A - including a first victory in regulation time over the Americans in 23 years - they eventually exited after a 4-1 quarter-final defeat to Russia.

Denmark, who also reached the last eight, have climbed two places to 13th.

Latvia and France, both knocked-out in the group stage, have both slipped two places to 12th and 14th respectively.