For the first time in Grey Cup history, the same two teams challenged for the trophy for the third consecutive year. But unlike the previous two years, the Toronto Argonauts needed some late game heroics to win their third consecutive title.^[1]

Note: All dates in 1947

Needing to beat the clock, the Argos had a quick huddle, and Joe Krol, a Grey Cup hero for many seasons, angled a kick away from the Winnipeg safety, over the goal line and into touch for the winning point as time expired.^[1]

NOTE: During this time most players played both ways, so the All-Star selections do not distinguish between some offensive and defensive positions.

NOTE: During this time most players played both ways, so the All-Star selections do not distinguish between some offensive and defensive positions.

NOTE: During this time most players played both ways, so the All-Star selections do not distinguish between some offensive and defensive positions.

• Jeff Russel Memorial Trophy (IRFU MVP) – Virgil Wagner (RB), Montreal Alouettes
• Jeff Nicklin Memorial Trophy (WIFU MVP) - Bob Sandberg (RB), Regina Roughriders
• Gruen Trophy (IRFU Rookie of the Year) - Nelson Greene (FB), Ottawa Rough Riders
• Imperial Oil Trophy (ORFU MVP) - Bob Paffrath - Toronto Indians