Canada's representative, the Toronto Varsity Grads, arrived in Europe 10 days before the opening of the 1928 Olympic games. Tournament officials, after watching the team practice, concluded that Canada was in a class of its own (the United States did not compete) and would be given a bye to the tournament's final round.
The European teams were split into three divisions, with the winner of each group advancing to the medal round. Games were much closer than at previous Olympic tournaments, as warm weather often turned the natural ice surface to slush and thus reduced the advantage for strong skating teams.
Sweden and Switzerland had both posted two wins and a tie in winning their preliminary round groups. Great Britain, on the other hand, lost 3-2 to France and finished in a three-way tie with France and Belgium in the four-team group. The British advanced because they had the best goals for and against differential.
In the medal round, Canada handily defeated Sweden 11-0, Great Britain 14-0 and Switzerland 13-0 on route to the gold medal. Among the stars for Canada were Hugh Plaxton and Dave Trottier, who each scored 12 goals in three games.
At the time, the 1928 tournament contested only the Olympic Championship, but two years later the IIHF Congress awarded it the status of both the World and European Championships, thus making it the first tournament to contest three championship titles.