For the second consecutive season the Toronto Argonauts and Winnipeg Blue Bombers met for the Grey Cup. The Argonauts won the game.^[1]

Canadian Football News in 1938

The Edmonton Eskimos joined the WIFU and adopted the colours of blue and white. The Eskimos eventually withdrew from the union in 1940.^[2]

Regular season

Final regular season standings

Note: GP = Games Played, W = Wins, L = Losses, T = Ties, PF = Points For, PA = Points Against, Pts = Points

*Bold text means that they have clinched the playoffs.

*UBC games are worth 3 points in the standings

Grey Cup playoffs

Note: All dates in 1938

Semifinals

• Sarnia won the total-point series by 24–5. Sarnia will play the Toronto Argonauts (IRFU Champions) in the Eastern Finals.

• Toronto won the total-point series by 14–4. Toronto will play the Sarnia Imperials (ORFU Champions) in the Eastern Finals.

Finals

• Winnipeg won the total-point series by 25–9. Winnipeg advances to the Grey Cup game.

• Toronto advances to the Grey Cup game.

Playoff bracket

Grey Cup Championship

• Note: Eastern Final Playoff date is not confirmed, however since the regular season in the East ended November 12, and all other playoff dates, as well as Grey Cup date are accurate, it is reasonable to assume the above date is accurate.

1938 Eastern (Combined IRFU & ORFU) All-Stars selected by Canadian Press

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

1938 Ontario Rugby Football Union All-Stars

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

1938 Canadian Football Awards

• Jeff Russel Memorial Trophy (IRFU MVP) – Wes Cutler (DE), Toronto Argonauts
• Imperial Oil Trophy (ORFU MVP) - John Ferraro - Montreal Nationals