Sweden also won in 1981 and 2012. Czechia won its lone titles in 2000 and 2001.
Sascha Boumedienne gave Sweden a 3-0 lead at 3:47 of the third.
Adam Jiricek and Matej Kubiesa scored for Czechia, with Kubiesa striking with 24 seconds left. Ivar Stenberg capped the scoring with an empty-netter with eight seconds left.
“I think Sweden played better from the beginning,” Czechia coach Patrik Augusta. “Our legs weren’t going and the game against Canada last night took a lot of energy from us, not just physically but mentally. We were looking for a little spark, and it didn’t come until the last couple of minutes, which was too late.”
In the third-place game, Sam O'Reilly scored twice, Gavin McKenna and Michael Hage each had four points to help Canada beat Finland 6-3.
McKenna had a goal and three assists, and Hage had four assists. Zayne Parekh had a goal and an assist to break the Canadian record for points by a defenseman with 13 on six goals and seven assists. Alex Pietrangelo had 12 in 2010.
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