On March 14, 1968, at home in St. James, the St. James Canadians corralled the Manitoba Junior Hockey League championship, and on March 26, in Selkirk, the Canadians captured the Turnbull Cup defeating the Central Manitoba Junior Hockey League champions Selkirk Steelers.
During the summer of 1967, the MAHA agreed to allow three teams to enter the WCHL: the Brandon Wheat Kings and the Flin Flon Bombers from the MJHL, and the Ben Hatskin-owned Winnipeg Jets. Hatskin also owned three MJHL teams. Part of the agreement was the continuation of the MJHL; Hatskin sold his three teams to local interests, and the Winnipeg Warriors became the West Kildonan North Stars, the St. James Braves became the St. James Canadians, and the Winnipeg Rangers became the St. Boniface Saints. These three teams joined the Winnipeg Monarchs to form the new MJHL. The Selkirk Steelers however joined the Central Manitoba Junior Hockey League.
The league dropped the final three games of the regular season in order to accommodate Memorial Cup playoff elimination series within the province with the Central Manitoba Junior Hockey League.
| League Standings | GP | W | L | T | Pts | GF | GA | |
|---|---|---|---|---|---|---|---|---|
| 36 | 20 | 13 | 3 | 43 | 200 | 157 | ||
| 36 | 18 | 17 | 1 | 37 | 157 | 152 | ||
| 35 | 17 | 18 | 0 | 34 | 151 | 189 | ||
| 37 | 14 | 21 | 2 | 30 | 155 | 165 |
Semi-Finals
Winnipeg lost to West Kildonan 4-games-to-1
St. Boniface lost to St. James 4-games-to-1
Final
West Kildonan lost to St. James 4-games-to-none
Turnbull Cup Championship
St. James defeated Selkirk Steelers (CMJHL) 4-games-to-2
Western Memorial Cup Semi-Final
St. James lost to Westfort Hurricanes (TBJHL) 4-games-to-2
| Trophy | Winner | Team | |
|---|---|---|---|
| MVP | |||
| Top Goaltender | Winnipeg Monarchs | ||
| Rookie of the Year | West Kildonan North Stars | ||
| Hockey Ability & Sportsmanship Award | Winnipeg Monarchs | ||
| Scoring Champion | West Kildonan North Stars | ||
| Most Goals | West Kildonan North Stars | ||
| Coach of the Year | St. James Canadians |
| 1968 First All-Star Team | |||||
|---|---|---|---|---|---|
| Goaltender | Winnipeg Monarchs | ||||
| Defencemen | St. Boniface Saints | ||||
| Winnipeg Monarchs | |||||
| Centreman | West Kildonan North Stars | ||||
| Leftwinger (tie) | St. James Canadians | ||||
| West Kildonan North Stars | |||||
| Rightwinger | Winnipeg Monarchs | ||||
| 1968 Second All-Star Team | |||||
| Goaltender | St. James Canadians | ||||
| Defencemen | St. Boniface Saints | ||||
| West Kildonan North Stars | |||||
| Centreman | Winnipeg Monarchs | ||||
| Wingers | Winnipeg Monarchs | ||||
| Winnipeg Monarchs | |||||