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Tobin Heath the United States looks on during the Women's quarterfinal match with the Netherlands. Photo: Francois Nel/Getty Images.

The U.S. women's soccer team lost 1-0 to eighth-ranked Canada in the Olympics semifinals on Monday, ending its chances at winning a gold medal in Tokyo.

Why it matters: The loss marks the second straight Olympics the U.S. team will not play in the gold medal match. The team was knocked out by Sweden in the quarterfinals during the Rio Games in 2016.

  • Monday's loss also ends the team's quest for a historic back-to-back double — winning the Olympics after emerging victorious at the Women's World Cup. It's the first time Canada has beaten Team USA in 20 years.
  • Both teams struggled to generate much offense in Monday's semifinals, but Canada's Jessie Fleming converted a penalty kick in the 75th minute to take a late lead.

The big picture: Entering the tournament in Tokyo with an experienced team — 17 played on the 2019 World Cup squad — the team struggled to gain its footing early in the Games.

  • The U.S. players suffered a stunning 3-0 defeat to Sweden in their 2021 Olympic debut, before dominating New Zealand 6-1.
  • They tied Australia, 0-0, which was just enough to earn them a spot in the quarterfinals.
  • The U.S. then beat the Netherlands in a nail-biting penalty kick shootout on Friday.
  • The team has earned four gold medals and one silver medal from six Olympic appearances.

What's next: The U.S. will vie for the bronze medal on Thursday at 4 a.m. ET against the team that loses the Australia vs. Sweden semifinal match.

  • Canada will play the winner of the semifinal game in the gold medal match on Thursday at 10:00 p.m. ET.

Go deeper

Dallas bids for 2026 World Cup final

AT&T Stadium has hosted several international soccer matches, including U.S. v. Jamaica this summer. Photo: Ron Jenkins/Getty Images

A bid committee consisting of elected officials, business leaders and executives from two different pro sports franchises has been lobbying FIFA with the hope that North Texas might host as many as six matches of the 2026 World Cup, including the final.

Why it matters: The World Cup final is the single biggest sporting event on the planet. Hosting the final match would bring global recognition and hundreds of millions dollars in revenue to North Texas.

Surprising pandemic side effect: Soaring trade deficits

Source: Census Bureau and Bureau of Economic Analysis; Chart: Axios Visuals

Inflation and jobs may get all the economic headlines, but meanwhile a big shift is taking place in the underpinnings of the world economy: The U.S. trade deficit is soaring.

What's happening: Americans' spending on imported physical goods has gone through the roof, while exports are growing slowly, making the U.S. the world's consumer of last resort.

Mike Allen, author of AM
1 hour ago - Politics & Policy

Third Way: "Big Lie" could become "Big Coup"

Graphic: Third Way

Third Way, the center-left think tank, is urging fellow Democrats to respond to the Capitol riot with "the size, scope, and seriousness of a presidential campaign," co-founder Matt Bennett tells me.

Driving the news: "For the first time in U.S. history, a party must mount two parallel presidential campaigns: one to win the election, and the other to prevent its theft," Bennett said, calling this "a Paul Revere moment."