07/25/2015 03:56 EDT | Updated 07/25/2016 05:59 EDT

Pan Am Games: Canada sets new national record with 197 medals

The Toronto Pan Am Games are the best showing for Canada in the history of the event.

Cyclists Jasmin Glaesser and Allison Beveridge won a gold and bronze, respectively, in the women's road race on Saturday afternoon, giving Canada medals number 196 and 197. 

The 197th medal set a new Canadian record in performance at the Pan Ams, eclipsing the previous record set at the 1999 Pan Am Games in Winnipeg. 

"Today, Canada broke its all-time medal total at a Pan Am Games by reaching 197 medals. This is an outstanding achievement and reflects the hard work of our athletes, coaches and National Sport Federations," said President of the Canadian Olympic Committee Marcel Aubut in a statement ."Congratulations to Team Canada – you have made your country so proud and have inspired future generations of Canadian athletes."

Canada's 73 gold medals is already a national record, which broke the record number 64, which was also set in Winnipeg.

The Americans top the medal chart with 94 golds and 243 overall.