Gregory Parks, 47, had been accused of attacking a young woman in a car in a Sherwood Park, Alta., parking lot. But Judge John Maher ruled the woman's story was not believable and that any kissing between Parks and the woman was consensual.
"I'm happy this is all behind me." said Parks outside court.
"I'm looking forward to looking ahead."
Parks, who is currently general manager of the Edmonton-area hockey team the St. Albert Steel, got his start playing hockey in the Edmonton area and was with the New York Islanders for three seasons in the 1990s.
He was also a member of Canada's silver-medal-winning hockey team at the 1994 Olympics in Lillehammer.
The woman who made the allegations said she assumed the evening meeting between her and Parks was a job interview. But the judge ruled Parks made it clear he had no job to offer.
The server at the Sherwood Park restaurant where Parks and the woman met testified that the pair had no fewer than seven drinks each before leaving.
Family and friends of the woman were outraged by the acquittal, with one led out of court for being too rowdy. Another spat on the courthouse window, while Parks's lawyer was accosted as he left in his car.