The 35th Grey Cup was played on November 29, 1947, before 18,885 fans at Varsity Stadium at Toronto.^[1]

This was the last Grey Cup to be won by a team with all Canadian players.^[2]

The Toronto Argonauts defeated the Winnipeg Blue Bombers 10–9. This was the third year in a row that these two teams had met each other for the final game of the season.^[3] The game had one of the most exciting finishes in Grey Cup history. Winnipeg had jumped out to a 9 to 0 lead but found the game tied in the last minute. Blue Bomber's all-star Bob Sandberg, who had scored his team's only touchdown, tried to fake a kick, but the ruse didn't work. Argo's star Joe Krol scored a final rouge to snatch the victory. The Argonauts were presented with the Grey Cup, which had survived a fire that year when the Toronto Argonauts Rowing Club building had burned down.^[3]