The Alpine driver was 0.646s behind Red Bull's Max Verstappen who will start from pole on Sunday.
Red Bull will look to keep their winning run going in Montreal and widen the gap at the top of the Constructor's Championship table.
The 2016 European Grand Prix, which was contested at the Baku City Circuit, was Azerbaijan's maiden Formula One Grand Prix.
After retiring from Formula One, Coulthard worked as a consultant for Red Bull and then became a commentator and analyst.
Raikkonen will make his first appearance in a motorsport event since ending his 20-year Formula One career.
Formula One had 23 dates planned in the 2022 F1 calendar, but the Russian Grand Prix was cancelled due to Russia's invasion of Ukraine.
Sebastian Vettel recently revealed that he would re-consider his career in the sport if steps were not taken to reduce its carbon footprint.
The race was won by reigning F1 world champion and Red Bull Racing driver Max Verstappen while Ferrari's Charles Leclerc and Carlos Sainz finished P2 and P3 respectively.
Aston Martin had a slow start to the season, failing to score points in each of the first three races – with Vettel missing two of those races due to Covid-19, and Nico Hulkenber...
Russell, who is in his first year as a full-time Mercedes driver, has adjusted well to his new surroundings and is currently fourth in the drivers' standings, 21 points ahead of Ha...
