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| Date | November 26, 1949 | ||||||||||||||||||
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| Stadium | Varsity Stadium | ||||||||||||||||||
| Location | Toronto | ||||||||||||||||||
| Attendance | 20,087 | ||||||||||||||||||
The 37th Grey Cup was played on November 26, 1949, before 20,087 fans at Varsity Stadium at Toronto. Montreal Alouettes defeated Calgary Stampeders 28–15. Though teams from Montreal had won two Grey Cups, this was the first appearance and victory for the Montreal Alouettes franchise.