Cournoyer entered the final as the heavy underdog in a very tough field. However Cournoyer got through to win his first career Olympic medal after Wenhao Liang of China fell.
Cournoyer preserved a Canadian medal in the 500m distance after Charles Hamelin of Levis, Quebec unexpectedly fell in the heats this week. Hamelin was also the reigning Olympic champion in the men's 500m from the 2010 Olympic Winter Games in Vancouver.
Victor An of Russia won the gold medal with a time of 41.312 followed by Dajing Wu of China with a silver medal time of 41.516. Cournoyer's time was 41.617.
The short track speed skating competitions at the 2014 Olympic Winter Games in Sochi concluded on Friday with Canada winning a gold medal, silver medal and bronze medal overall.
Team Canada now has 24 Olympic medals, which is third most overall, behind the United States at 27 medals and Russia at 26 medals.