08/04/2012 12:42 EDT | Updated 10/04/2012 05:12 EDT

Canada on to bronze medal match in women's team pursuit

Canada's chances to battle for a gold medal in the women's team pursuit event have been thwarted, but it still has a shot to fight for the bronze.

The Canadian trio of Tara Whitten, Gillian Carleton, Jasmin Glaesser lost out in their heat to Great Britain, which posted a world record time over the 3,000-metre distance of three minutes,14.682 seconds on Saturday at the London Olympics.

The British women bested the record mark of 3:15.669 they had set a day earlier in qualifying.

Canada's time of 3:17.454 — although over two seconds behind Great Britain's — was good enough to qualify for the bronze medal match.

The United States will square off with Great Britain for the gold medal while the Canadians will be up against the Australians — who lost to the U.S. in their own first-round heat — for the bronze beginning at 12:42 p.m. ET on Saturday.

Canada had qualified in fourth for the event.

Whitten, a Toronto, Ont. native, will also be competing in the women's omnium, which begins on Monday with the flying lap 250-metre time trial.