Thunder Bay Senior Hockey League
Exhibition
Fort William Beavers @ Winnipeg Maroons
Jan. 8: Maroons 8 Beavers 4
Jan. 9: Beavers 3 Maroons 1
Games vs. the Hibbing Flyers
Jan. 2: Bearcats 7 Flyers 2 (@ Port Arthur)
Jan. 3: Flyers 4 Beavers 3 (@ Fort William)
Feb. 13: Bearcats 8 Flyers 4 (@ Port Arthur)
Feb. 14: Beavers 14 Flyers 7 (@ Fort William
TBSHL standings
| TEAM | GP | W | L | T | PTS |
| Fort William Beavers | 30 | 22 | 7 | 1 | 45 |
| Fort Frances Canadians | 30 | 12 | 17 | 1 | 25 |
| Port Arthur Bearcats | 30 | 10 | 20 | 0 | 20 |
| Hibbing Flyers |
N/A | N/A | N/A | N/A | N/A |
Semifinal
Fort Frances Canadians vs. Port Arthur Bearcats
Game 1: Canadians 4 Bearcats 1 (@ Port Arthur)
Game 2: Bearcats 4 Canadians 3 (@ Port Arthur)
Game 3: Canadians 5 Bearcats 2 (@ Fort Frances)
Game 4: Bearcats 4 Canadians 1 (@ Fort Frances)
Game 5: Canadians 8 Bearcats 5 (@ Fort Frances)
Fort Frances wins best–of–five series 3–2
TBSHL final
Fort William Beavers vs. Fort Frances Canadians
Game 1: Canadians 4 Beavers 1 (@ Fort Frances)
Game 2: Canadians 3 Beavers 2 (@ Fort Frances)
Game 3: Beavers 4 Canadians 3 (@ Fort Frances)
Game 4: Beavers 7 Canadians 3 (@ Fort William)
Game 5: Beavers 6 Canadians 4 (@ Fort William)
Fort William wins best–of–seven series 4–1
Patton Cup western quarter-final
Fort William Beavers vs. Winnipeg Maroons
Game 1: Maroons 2 Beavers 1 (@ Fort William)
Game 2: Maroons 1 Beavers 0 (@ Fort William)
Game 3: Maroons 3 Beavers 1 (@ Winnipeg)
Game 4: Maroons 6 Beavers 1 (@ Winnipeg)
Winnipeg wins best–of–seven series 4–0
NOTE: Winnipeg defeated the Moose Jaw Millers four games to two, with one tie, in the western semifinal, but lost to the Penticton V’s, three games to two, with three ties in the Patton Cup final.
Penticton went on to win the 1954 Allan Cup, edging the Sudbury Wolves in a best-of-seven set that went the distance.
