- Another flawless race by Michael Schumacher saw Ferrari score their 150th Grand Prix victory, after his only challenger, Juan Pablo Montoya's Williams-BMW, expired with 14 laps left. Early leader and pace setter, Rubens Barrichello brought his Ferrari home third.

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Michael Schumacher scored Ferrari's 150th Grand Prix victory at Montreal in a race which saw action throughout. From the lights pole sitter, Juan Pablo Montoya cleanly led into the first bend, with Rubens Barrichello squeezing past Michael Schumacher to take second. Obviously on a light fuel load, Barrichello quickly got past Montoya to take the lead, and with Schumacher harrying the Williams, the first three pulled out a gap. On lap 16, local hero Jaques Villeneuve ground to a halt on the back straight and the safety car was deployed while his BAR-Honda was removed. Montoya took the opportunity to dive in for an early stop and rejoined in 5th place. As the safety car peeled off, Montoya was able to pass Ralf Schumacher and Kimi Raikkonen as the pair squabbled over 3rd place and ran wide, and with Barrichello making a first early first stop, the Colombian was quickly back up to second. However the Ferrari's pace allowed Schumacher to pull out a cushion of 15 seconds by the time he made his only stop of the afteroon on lap 38. As Montoya's load lightened he increased his lead over Schumacher to 14 seconds, but needing at least 24 seconds he pitted and rejoined behind the Ferrari. Montoya started to eat into Schumacher's lead, but with 14 laps left his BMW engine expired and Michael was able to cruise to the chequered flag. David Coulthard meanwhile, after starting from 8th, ran an extra long first stint, pulling out several consecutive fast laps as he neared his single pitstop, allowing him to leapfrog his way up the order, and follow on from his Monte Carlo victory with second place despite some wild driving while being pressurised for his place in the closing laps by Rubens Barrichello who grabbed the final podium position. Raikkonen came home fourth, Giancarlo scored his third 5th place in a row and his 5th top five position at Montreal in six years, while Jarno Trulli took the final point ahead of Ralf Schumacher who dropped down the order when his refuelling rig failed to operate and he had to come in again.

As the track temperatures rose, suiting his Michelin tyres, Juan Pablo Montoya set a blistering lap of 1:12.836, 25 minutes into the session. It was good enough to take pole position, with Michael Scumacher never managing to get within less than 2/10ths of his time, the German eventually lined up on the outside of the front row. With the sky overcast and rain expected, the Williams drivers were the first on the track with Montoya immediately 6/10ths faster than team mate Ralf Schumacher who struggled with his ill-handling car until swapping it for the spare half way through the session. When Michael Schumacher chopped a second off the Colombians time on his first run, it looked like Ferrari's dominace was asserting itself again, but Montoya responded with a time half a second faster than Schumachers benchmark, a time not matched as the rain started to spin in the closing minutes. Rubens Barrichello had a steady run into third, ahead of the unhappy Ralf Schumacher. Kimi Raikkonen put his McLaren onto the third row, the underpowered Mercedes engine suffering around the fast Montreal circuit, while his Monaco Grand Prix winning team-mate David Coultard, coming back down to earth, could not manage better than eighth. Giancarlo Fischiella lined his Jordan-Honda up next to Raikkonen for the team's highest grid slot of the year, at a track where the Italian has scored four podium finishes in the last five years, with Nick Heidfeld, the best of the Saubers, slotting in behind him and in front of Coulthard.