The O’Neill Coldwater Classic is a World Qualifying Series (WQS) event run by the Association of Surfing Professionals (ASP), the foremost governing body in professional surfing. Rated a six Star event, the O’Neill Coldwater Classic has prize money totalling $145,000. The Coldwater Classic will be the first professional ASP surf event ever held in Canada and will feature more than 140 professional surfers from around the world.