Jean Dupuy gave the Hounds the 1-0 lead 8:06 into the first period, deflecting a Trent Malette shot through Wolves' netminder Franky Palazzese's five-hole.
That lead lasted only 39 seconds before Wolves' forward Mathew Campagna sprung out on a breakaway and evened the score.
The game would remain tied until the end of the first. With Wolves shorthanded, Soo's Sergey Tolchinksy finished a passing play, pulling the Hounds ahead 2-1.
Less than three minutes into the second period, Palazzese shone, denying Dupuy on the breakaway before turning aside Jared McCann in tight.
Midway through the period, it looked good for the Wolves. Unfortunately, the team's inability to capitalize on the power play burned them. The team had a 5-on-3 advantage for more than a minute, but failed to find the back of the net.
In the third period and while shorthanded for the fourth time of the afternoon, Tyler Gaudet fired a pass to Patrick Watling, who made his shot count to give the Hounds a 3-1 lead and the win.
The Wolves are back in action on the road Dec. 31 in North Bay. The team continues to hold first place in the Central Division and second in the Eastern Conference.