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Benjamin Karl of Austria took the silver medal and Matthieu Bozzetto of France the bronze.
Anderson's gold was Canada Snowboard's third of the Games, behind Mike Roberton (silver) and Maëlle Ricker (gold).
The women's team struggled. The top racer was Alexa Loo in 12 th place
Nicolien Sauerbreij of France took the gold, followed by Ekaterina Ilyukhina of Russia and Marion Kreiner of Austria.
Canada's prospects in aerials looked good after the first round, with Kyle Nissen in the top spot. But after a few small mistakes in his second jump he was bumped back to fifth. Alexei Grishin of Belarus placed first, followed by Jeret Peterson of the U.S. and Liu Zhongqing of China. Steve Omischl and Warren Shouldice were eighth and 10 th respectively.
Lydia Lassila of Australia took the gold medal on the women's side, followed by Nina Li and Xinxin Guo of China. No Canadians qualified for the women's final.
Canada finished the 2010 Games without a medal after winning one medal in 2002 and two in 2006. For effort, however, you have to give the team some credit - especially Devon Kershaw, who hung in with the leaders in the men's 50 km classic race, and ended up fifth by just 1.6 seconds.
"It stings," he told reporters. "I'm proud of the team and what we did, George Grey was right there with me... But I was 1.6 seconds from being Olympic champion. After racing, what, two hours-plus, and being 1.6 seconds out, it stings."
Petter Northug of Norway double-poled his way to the finish line in first place, followed by Axel Teichmann of Germany. Johan Olsson of Sweden won bronze, while Tobias Angerer of Germany edged Kershaw for fourth in a photo finish.
Kershaw's rhythm in the final sprint to the finish was thrown off when he had to dodge Italy's Dario Cologna. Kershaw side-stepped around the fallen athlete, but ended up behind Angerer and out of reach of the lead pack.
Northhug finished the Games with two gold medals, a silver and a bronze, boosting Norway's medal haul to 23. On the women's side, teammate Marit Bjoergen earned five medals, the most of any athlete during the Games - gold in the 4x5 km relay, gold in the sprint, gold in the 15 km pursuit, silver in the mass start classic and bronze in the 10 km free.