The 1987 Memorial Cup occurred May 9-May 15 at the Oshawa Civic Auditorium in Oshawa, Ontario. Oshawa earned the right to host by winning a "Super Series" between themselves and the champions of the Emms Division, the North Bay Centennials. Given that Oshawa defeated North Bay in the OHL finals as well, only three teams participated that year. Participating teams were the Ontario Hockey League champion and host Oshawa Generals, as well as the winners of the Quebec Major Junior Hockey League and Western Hockey League which were the Longueuil Chevaliers and Medicine Hat Tigers. Medicine Hat won their first Memorial Cup, defeating Oshawa in the final game.

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