Peter Guarasci (born 25 February 1974)[1] is a Canadian former professional basketball player.

He was named to the Metro Atlantic Athletic Conference all-rookie team as a freshman.

Guarasci then transferred to Simon Fraser University where he played in 1995 and 1996 and was named 1996 NAIA conference player of the year.

Guarasci was a member of the Canadian national team from 1996 through 2003, participating in the 1998 FIBA World Championship and 2000 Summer Olympics.

The Canadians were impressive early on at these Olympics, winning their group in the preliminary round, before being defeated by France in the quarter-finals.