The 1987 Labatt Canada Cup was a professional international ice hockey tournament held from August 28 to September 15, 1987. The finals took place in Montreal on September 11 and Hamilton, on September 13 and September 15, and were won by Team Canada.

The final best-of-three series of this tournament between Canada and the Soviet Union is considered by many to be the best exhibition of hockey in history. The United States and Soviet Union teams complained about the neutrality of the officiating in the tournament. Soviet coach Viktor Tikhonov said he felt the main reason his team lost the final match was because of "bias and errors in refereeing."

The tournament was the only time that arguably two of the most dominant NHL players of all time, Wayne Gretzky and Mario Lemieux, played on the same forward unit, combining with each other on 29% of Team Canada's goals. The winning Canadian team had 12 future Hockey Hall of Fame members on the roster.

Forwards and defence: Dale Hawerchuk, Mark Messier, Mike Gartner, Glenn Anderson, Kevin Dineen, Michel Goulet, Brent Sutter, Rick Tocchet, Brian Propp, Doug Gilmour, Claude Lemieux, Mario Lemieux, Wayne Gretzky, Doug Crossman, Craig Hartsburg, Normand Rochefort, James Patrick, Raymond Bourque, Larry Murphy, Paul Coffey
Goaltenders: Ron Hextall, Kelly Hrudey, Grant Fuhr
Coaches: Mike Keenan, John Muckler, Jean Perron, Tom Watt

Forwards and defence: Petr Rosol, Igor Liba, Ján Jaško, Jiří Kučera, Jiří Doležal, Vladimír Růžička, Ladislav Lubina, David Volek, Petr Vlk, Dušan Pašek, Jiří Šejba, Jiří Hrdina, Rostislav Vlach, Miloslav Hořava, Drahomír Kadlec, Luděk Čajka, Bedřich Ščerban, Jaroslav Benák, Antonín Stavjaňa, Mojmír Božík
Goaltenders: Petr Bříza, Dominik Hašek, Jaromír Šindel
Coaches: Ján Starší, František Pospíšil

Forwards and defence: Timo Blomqvist, Jari Grönstrand, Matti Hagman, Raimo Helminen, Iiro Järvi, Timo Jutila, Jari Kurri, Markku Kyllonen, Mikko Mäkelä, Jouko Narvanmaa, Teppo Numminen, Janne Ojanen, Reijo Ruotsalainen, Christian Ruuttu, Jukka Seppo, Ville Siren, Petri Skriko, Raimo Summanen, Esa Tikkanen, Hannu Virta
Goaltenders: Jarmo Myllys, Kari Takko, Jukka Tammi
Coaches: Rauno Korpi, Juhani Tamminen

Forwards and defence: Tommy Albelin, Mikael Andersson, Peter Andersson, Jonas Bergqvist, Anders Carlsson, Thom Eklund, Anders Eldebrink, Peter Eriksson, Bengt-Åke Gustafsson, Tomas Jonsson, Lars Karlsson, Mats Näslund, Kent Nilsson, Lars-Gunnar Pettersson, Magnus Roupé, Thomas Rundqvist, Tommy Samuelsson, Håkan Södergren, Peter Sundström, Michael Thelvén
Goaltenders: Anders Bergman, Åke Lilljebjörn, Peter Lindmark
Coaches: Tommy Sandlin, Curt Lindström, Ingvar Carlsten

Forwards and defence: Joe Mullen, Curt Fraser, Corey Millen, Aaron Broten, Kelly Miller, Mark Johnson, Bob Brooke, Wayne Presley, Pat LaFontaine, Bobby Carpenter, Ed Olczyk, Joel Otto, Chris Nilan, Dave Ellett, Mike Ramsey, Kevin Hatcher, Rod Langway, Phil Housley, Gary Suter, Chris Chelios
Goaltenders: Tom Barrasso, Bob Mason, John Vanbiesbrouck
Coaches: Bob Johnson, Ted Sator, Doug Woog