Scotiabank has announced that it is suspending sponsorship of Hockey Canada.
The long-term sponsor says that the break will last until the bank is sure that the right steps have been taken to improve the culture of sport.
The development comes after the federal government froze public funding for a national sports organization last week in response to its resolution of an alleged sexual assault and out-of-court settlement.
Scotiabank President and CEO Brian J. Porter also said in an open letter that the planned marketing and events at the world’s juniors in August will be canceled and investments will be redirected to other programs.
Hockey Canada quietly settled a lawsuit last month after a woman claimed she had been attacked four years ago in London, Ont, by members of the world’s local junior hockey team, which won a gold medal in 2018, at a gala and golf course.
None of the charges have been proven in court.
Canadian hockey officials were grilled by lawmakers on Parliament Hill last week during a meeting of the Standing Committee on Canadian Heritage.
WATCH Hockey Canada denies public funds used to settle allegations of sexual assault:
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