It featured the host team, the Regina Pats as well as the winners of the Ontario Hockey League, Quebec Major Junior Hockey League and the Western Hockey League which were the Ottawa 67's, Val-d'Or Foreurs and the Red Deer Rebels respectively. The Red Deer Rebels won their first Memorial Cup, beating the Val-d'Or Foreurs in the final.
The Red Deer Rebels triumphed in their inaugural Memorial Cup, defeating the Val-d'Or Foreurs in the championship game. The winning team included the host Regina Pats and the champions from the Ontario Hockey League, Quebec Major Junior Hockey League, and Western Hockey League: Ottawa 67's, Val-d'Or Foreurs, and Red Deer Rebels.