Ferguson was born fourth of six children in the former trading post of Fort Vermilion, Alberta approximately 800 km north of Edmonton. His parents split up when he was 6 during a brief interlude in Regina. At the age of 16 he quit school and moved to Saskatoon, Dauphin, and Red Deer. He then joined the Canadian government funded programs Katimavik and Canada World Youth. He studied film production and screenwriting at York University in Toronto graduating with a B.F.A. in 1990.