1977–78 OMJHL season

The Fincups franchise moved back from St. Catharines to Hamilton after a temporary year away from the city due to lack of a suitable arena.

Third season veteran Bobby Smith, edged 17-year-old rookie Wayne Gretzky for the Eddie Powers Memorial Trophy, scoring 192 points; as of 2023, Smith's and Gretzky's (182 points) performance this season still stand as the top two scoring totals in OHL history.

The Peterborough Petes won the J. Ross Robertson Cup, defeating the Hamilton Fincups.

[1] In February 1978, Iona Campagnolo, the Minister of State of Fitness and Amateur Sport released a report which claimed that junior hockey functioned in the best interests of professional hockey instead of the players.

Schmalz said that the CMJHL would welcome a study into its player development programs, if given a say on selecting the inquiry members.