George Russell took pole position by the finest margins setting exactly the same time as Max Verstappen.
Both drivers completed their lap in 1:12.000, with the Brit snatching pole by setting his time first.
Russell remains ahead of team-mate Lewis Hamilton in their qualifying head-to-head 8-1, with the champion qualifying down in seventh.
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It is the first time since the 2021 Belgium Grand Prix that both Ferraris have failed to make Q3.
The result comes as a shock after the Scuderia were tipped to take pole in Montreal.
Sergio Perez failed to make it out of Q1 once again after Alex Albon pushed him into the drop-zone.
The Mexican has recently signed a new contract with Red Bull, however he has failed to make it into Q2 on two consecutive occasions now.
F1 Qualifying Results: Canadian Grand Prix 2024
1. George Russell [Mercedes] 1:12.000
2. Max Verstappen [Red Bull] - +0.000
3. Lando Norris [McLaren] - +0.021
4. Oscar Piastri [McLaren] - +0.103
5. Daniel Ricciardo [VCARB] - +0.178
6. Fernando Alonso [Aston Martin] - +0.228
7. Lewis Hamilton [Mercedes] - +0.280
8. Yuki Tsunoda [VCARB] - +0.414
9. Lance Stroll [Aston Martin] - +0.701
10. Alex Albon [Williams] - +0.796
ELIMINATED IN Q2
11. Charles Leclerc [Ferrari]
12. Carlos Sainz [Ferrari]
13. Logan Sargeant [Williams]
14. Kevin Magnussen [Haas]
15. Pierre Gasly [Alpine]
ELIMINATED IN Q1
16. Sergio Perez [Red Bull]
17. Valtteri Bottas [Kick Sauber]
18. Esteban Ocon [Alpine]
19. Nico Hulkenberg [Haas]
20. Zhou Guanyu [Kick Sauber]
How does F1 Qualifying work?
The qualifying session is split into three finite windows, which provide a dramatic prelude to Sunday's race.
The bottom five drivers are eliminated at the end of Q1, with a further five eliminated after Q2.
Then, Q3 gives us a shootout between the remaining 10 drivers in the battle for positions at the front of the grid.
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