| League Leaders | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North | |||||||||||||
| Team | GP | W | L | T | Pts | GF | GA | PIM | Att. | Coach | Playoff Results | ||
| Elmwood Maple Leafs | 18 | 12 | 6 | 0 | 24 | 76 | 58 | 0 | Mike Kryschuk | ||||
| Canadian Ukranian Athletic Club Blues | 18 | 10 | 7 | 1 | 21 | 72 | 28 | 0 | |||||
| St. James Canadians | 18 | 8 | 10 | 0 | 16 | 68 | 64 | 0 | |||||
| St. Boniface | 18 | 5 | 12 | 1 | 11 | 55 | 82 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| South | |||||||||||||
| Kenora Thistles | 24 | 15 | 5 | 4 | 34 | 98 | 66 | 0 | Bobby Benson | ||||
| Brandon Elks | 24 | 10 | 10 | 4 | 24 | 99 | 95 | 0 | Ade Johnson | ||||
| Portage la Prairie Terriers | 24 | 7 | 15 | 2 | 16 | 88 | 120 | 0 | Jimmy Creighton | ||||
| Winnipeg Monarchs | 24 | 16 | 6 | 2 | 4 | 108 | 68 | 0 | |||||
| Winnipeg Rangers | 24 | 5 | 17 | 2 | 2 | 74 | 118 | 0 | Lawrence "Baldy" Northcott |
| Sources: | Winnipeg Tribune, Feb. 26, 1940, p. 13 (North division standings and scoring) [provided by Dave Clamen] |
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