Canada, who rode the coin toss all the way to winning the 2000 Cup, needed luck once again, as all games in Group D ended with a 2-0 result.
But the Canadian team's luck ran dry in the semifinals, as the U.S. beat them on penalties after tying 0-0.
The United States then met Costa Rica in the final and topped them 2-0 behind goals by Josh Wolff and Jeff Agoos for their first tournament win since 1991.
During the tournament, Cuban players Alberto Delgado and Rey Angel Martinez defected from Cuba to the United States.
A qualification playoff to determine the final Gold Cup entrant was held in July and August 2001.