The 2016 Memorial Cup was a four-team, round-robin format tournament that took place at the ENMAX Centrium in Red Deer, from May 20–29, 2016. It was the 98th Memorial Cup championship and determined the champion of the Canadian Hockey League (CHL). The tournament was hosted by the Red Deer Rebels, who won the right to host the tournament over a bid by the Vancouver Giants. Other teams participating were the WHL champion Brandon Wheat Kings, the OHL champion London Knights, and the QMJHL champion Rouyn-Noranda Huskies. The tournament ended with the London Knights winning their second Memorial Cup, defeating the Rouyn-Noranda Huskies 3–2 in overtime in the championship final. The Knights won 17 consecutive games to take the title, dating back to the second round of the OHL playoffs.

The Peavey Mart Centrium is a two-tier 7,111-seat multi-purpose arena in Red Deer, Alberta, Canada. The arena is a multi-use facility accommodating national events, concerts, hockey, rodeo, trade shows, and even graduations. It was built in 1991 and is the home arena of the Red Deer Rebels hockey team. The arena can hold a maximum of 7,819 people when floor seating is used,making it the third largest WHL arena not shared with an NHL team. "Half house" seating is 3,357 when floor to ceiling divider curtains are used to mask off unused seating.