IT has put together a great resources on Microsoft Teams on their wiki. Please refer to this resource and reach out to IT for general questions about MS Teams. As of Summer 2020, COE has integrated Microsoft Teams into Canvas.
A Teams meeting link can be added any place the Rich Content Editor is available. One thing it does different than Conferences/BBB is that if the link is added to an item that generates a notification, such as the Calendar, the students will get a notification.