In the explanations below, (D) denotes trades that took place during the draft, while (PD) indicates trades completed pre-draft. This is a partial list due to references being limited.
Round one
Toronto → Montreal (PD). Toronto traded a first-round selection to Montreal in exchange for Nigel Williams.
Saskatchewan → Toronto (PD). Saskatchewan traded a first-round selection to Toronto in a trade for Andrew Stewart.
Round two
Hamilton → Winnipeg (PD). Hamilton traded a second-round selection to Winnipeg in a trade for Franco Rocca.
Winnipeg → Edmonton (PD). Winnipeg traded a second-round selection to Edmonton in a trade for Shalon Baker.
Winnipeg → BC (PD). Winnipeg traded a second-round selection to BC in a trade for Mike Trevathan.
Edmonton → Montreal (PD). Edmonton traded a second-round selection to Montreal in a trade for Dwayne Provo.
Round four
Winnipeg → Montreal (PD). Winnipeg traded a fourth-round selection to Montreal in a trade for Tom Monios.
Forfeitures
Toronto forfeited their sixth-round selection after selecting Noel Prefontaine in the 1998 Supplemental Draft.