The Canadian men's sevens squad fell 14-12 to No. 4 Argentina on Saturday in the Challenge Trophy semifinal at the New Zealand leg of the World Rugby Sevens Series.
Earlier New Zealand progressed to the semi after downing England 19-12 in a tense match, while Fiji snuck past Gordon Tietjens' Samoa thanks to a last minute try.
In Cape Town previous year it was the South Africans who proved the masters in an epic quarter-final.
Prop forwards Curtis Lilako, Brian Nyikuli, Oliver Mang'eni and Peter Karina scored a converted try each to extend the bankers' unbeaten run to eight matches (39 points).
Clark Laidlaw's side will now contest third place.
"It's been a tough two weeks for us as a programme losing out in the quarter-final stages - we aspire to be better than that", said Head of England Sevens Simon Amor.
Japanese messaging app Line seeks cryptocurrency exchange licence
Line could be the largest consumer-focused organization to get into crypto lately. Line has over 200 million users with at least 25% of them in Japan alone.
"We had to believe in that and we got momentum in the tackle and in the contact areas".
"I'm really happy for Ryan Olowofela who scored his first two tries on the World Series yesterday - a great demonstration of the young talent we have coming through the programme and the depth that this adds to the squad".
Today is the second and final day of the event.
An unrelenting Fiji have secured Hamilton Sevens glory against all the odds, rallying from a 17-5 half-time deficit to beat red-hot favourites South Africa 24-17 in Sunday's final.
Meanwhile Papua New Guinea showed strong improvement from Sydney, thrashing France 35-0 0 before being outgunned 42-12 against the United States to finish a credible 11th.
Fiji have beaten South Africa 24-17 to win the Cup final in Hamilton.