Canada, led by tournament MVP Hayley Wickenheiser, won its record-extending ninth world championship by defeating the USA 5–1 in the gold medal game.

Following Sweden's historic Silver in the Olympics they captured their second world championship Bronze, blanking rival Finland 1–0.

Japan is promoted to the main tournament and  Denmark is demoted to Division II in the 2008 Women's World Ice Hockey Championships GP = Games played; G = Goals; A = Assists; Pts = Points; +/− = P Plus–minus; PIM = Penalties In Minutes (minimum 40% team's total ice time) TOI = Time On Ice (minutes:seconds); GA = Goals against; GAA = Goals against average; Sv% = Save percentage; SO = Shutouts The following teams took part in the Division II tournament, held from March 17, 2007, through March 23, 2007 in Pyongyang, North Korea.

Slovakia is promoted to Division I and  Slovenia is demoted to Division III in the 2008 Women's World Ice Hockey Championships GP = Games played; G = Goals; A = Assists; Pts = Points; +/− = P Plus–minus; PIM = Penalties In Minutes (minimum 40% team's total ice time) TOI = Time On Ice (minutes:seconds); GA = Goals against; GAA = Goals against average; Sv% = Save percentage; SO = Shutouts The following teams took part in the Division III tournament, held from March 5, 2007, through March 10, 2007 in Sheffield, England:

Australia is promoted to Division II and  South Africa is demoted to Division IV in the 2008 Women's World Ice Hockey Championships GP = Games played; G = Goals; A = Assists; Pts = Points; +/− = P Plus–minus; PIM = Penalties In Minutes (minimum 40% team's total ice time) TOI = Time On Ice (minutes:seconds); GA = Goals against; GAA = Goals against average; Sv% = Save percentage; SO = Shutouts The following teams took part in the Division IV tournament, held from March 26, 2007, through April 1, 2007 in Miercurea-Ciuc, Romania: