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The club would miss the playoffs for the first time in 35 years, after finishing fourth in the West with a record of 7-11. Quarterback Ricky Ray led the CFL in passing yards with 5,000, while Jason Tucker had 1,321 receiving yards and Troy Davis rushed for a team best 1,060 yards. Robert Brown finished with 12 sacks.

Hugh Campbell retires as president and CEO.

Matt Dunigan and Henry “Gizmo” Williams are inducted into the Canadian Football Hall of Fame.

2006 (58th season)
Record: 7-11 (4th West)
Home: 5-4 | Away: 2-7
Playoffs: – | Missed playoffs
Head coach: Danny Maciocia (2nd season)
CFL All-Stars: Ricky Ray, Jason Tucker
West All-Stars: Don Comiskey, Ricky Ray, Jason Tucker
Hall of Fame: Matt Dunigan, Henry “Gizmo” Williams
Major award winners: 
Wall of Honour: 

 

Date Opponent Result (record)
June 17 at Calgary Stampeders L 14–24 (0-1)
June 24 vs. Calgary Stampeders W 14–18 (1-1)
July 1 at Winnipeg Blue Bombers L 10–46 (1-2)
July 7 vs. BC Lions W 20–27 (2-2)
July 20 vs. Winnipeg Blue Bombers L 25–22 (2-3)
July 28 vs. Montreal Alouettes L 21–13 (2-4)
August 4 at BC Lions L 17–34 (2-5)
August 11 vs. Saskatchewan Roughriders W 18–24 (3-5)
August 18 at BC Lions L 28–30 (3-6)
September 4 at Calgary Stampeders L 23–44 (3-7)
September 8 vs. Calgary Stampeders W 26–45 (4-7)
September 16 at Hamilton Tiger-Cats L 22–27 (4-8)
September 22 vs. Hamilton Tiger-Cats L 20–18 (4-9)
September 30 at Saskatchewan Roughriders W 30–25 (5-9)
October 9 at Toronto Argonauts L 23–28 (5-10)
October 14 vs. Toronto Argonauts L 28–25 (5-11)
October 21 at Montreal Alouettes W 30–20 (6-11)
October 27 vs. Saskatchewan Roughriders W 18–20 (7-11)