Keneca Pingue-Giles had a double-double for Ryerson with 15 points and 11 rebounds while Cara Tiemens went 3 for 5 from the three-point line and finished with 14 points.
"I was really pleased with the way we played," said Rams head coach Carly Clarke. "I thought we got contribution from a bunch of different people and in different ways."
Carlie Nugent led the Huskies with 12 points off the bench. Emma Valikoski had 11 while Laura Langille scored 10. Saint Mary's finished second at last year's event.
The Rams will advance to the fifth-place game and face the Alberta Pandas after they beat the Laval Rouge et Or 62-50 in the other consolation game.
Saskia Van ginhoven led Alberta with 15 points. Sally Hillier dropped 12 and Kendra Asleson added 11.
Raphaelle Cote led the Rouge et Or with 16 points. Jane Gagne was the next closest with eight.
It was the last game for Laval coach Linda Marquis, who retires after 30 years and 528 victories.
"It's hard to say how I'm feeling right now, it's too new," said Marquis. "I'm not there yet in my head."
Alberta will get another shot for fifth after it lost in the consolation final last year.
"It was almost one of those games that you are sad to win because I wanted to watch Linda coach tomorrow, but I'm proud of our kids, they battled hard and they found a way in the fourth quarter to find those extra points we needed," said Pandas coach Scott Edwards.