Academic misconduct and applying for residency

Hi guys, At the end of my P1 year I received an academic misconduct for cheating on a test. I received a 0 on the test and went from an A to a C in the course. Now it is the end of my P3 year and I'm looking to apply for residency. I have a 3.4 GPA, 3 years of hospital experience and also volunteered extensively. Are my chances of residency nonexistent because of the misconduct? Thanks guys
Source: Student Doctor Network - Category: Universities & Medical Training Authors: Source Type: forums