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‘My Friend Anne Frank’ tells the incredible story of how Anne’s best friend survived the Holocaust
(JTA) — One spring morning in 1934, two little girls followed their mothers to a corner grocery store in Amsterdam. The mothers, hearing each other speak German to their daughters, discovered they were both Jewish refugees who had recently fled Nazi Germany. The two girls peeked shyly at each other from behind their mothers’ skirts, one of them slight with dark, glossy hair, the other taller and fairer.
Those two girls were Anne Frank and Hannah Pick-Goslar. One was to become the most famous victim of the Holocaust, whose diary documented two years in hiding before the Nazis found her family and she perished at the Bergen-Belsen concentration camp at age 15. The other narrowly survived and made her way to pre-state Israel, eventually enjoying a new life that grew to include three children, 11 grandchildren and 33 great-grandchildren.
The day after their grocery store encounter, the girls recognized each other at the Sixth Montessori School in Amsterdam and became instant best friends. They could not predict that their final encounter would come 11 years later, against all odds, at Bergen-Belsen.
Pick-Goslar spent decades telling her story through interviews and lectures, but her recollections have only just been published for the first time in a memoir, “My Friend Anne Frank,” written with the help of journalist Dina Kraft. She did not live to see its publication on June 6: Pick-Goslar died in October, six months into writing the book and two weeks short of her 94th birthday, leaving Kraft to finish her account.
Kraft spoke with the Jewish Telegraphic Agency about the life of Pick-Goslar, who lived out the future stolen from her dear friend.
The conversation with Kraft, a onetime JTA reporter, has been lightly edited for length and clarity.
JTA: What was it like to tell Pick-Goslar’s story together with her?
Kraft: It was a remarkable experience being able to work with her. We had these very intense interviews where I was asking her to really dig back into her memory. A lot of Holocaust survivors, a lot of survivors of trauma, tend to tell their story — not on autopilot, exactly — but they have a script. It’s perfectly understandable, it’s a tool of self-preservation.
So I was asking her to dive deeper and look more intensely within, and that was not always easy. There were times we would finish the interview after a couple of hours and she would say, “I’m just exhausted, I need to lie down.” And I would say, “Me too,” because it was just exhausting — we were recounting very hard moments.
It got to the point where she would come in the morning and say, “I’m having bad dreams again,” and I would say, “Yeah, me too, I’m having bad dreams also.” Because it was so much of trying to step into her shoes and step into her mindset, and also reading very intensely — it was very much a research project too.
How did Pick-Goslar remember her childhood and friendship with Frank before the war?
She remembers life before the war as incredibly warm and loving. They were wrapped up in a supportive familial environment. Although both she and Anne were refugees from Germany, they came over very young — Anne was 4 and Hannah was 5.
Their parents had a hard time adapting, especially the mothers. Hannah’s mother was born and bred in Berlin, very much a creature of German culture. Her father was a high-ranking official in the Weimar government, so they lived very close to the Reichstag. On top of being horrified that they had just been kicked out of this country they viewed as home, Hannah’s family went back 1,000 years in Germany. So they were heartbroken about their country taking this terrible turn into darkness.
But for Hannah and Anne, it was a very nice life.
What kind of person was Frank, according to her friend?
She was very spunky. She had lots to say and she exhausted the adults around her. She was always challenging them, asking difficult questions, prodding, restless and impatient. The girls loved to play Monopoly, but Anne would get restless and walk off, which is frustrating for a friend! They would push back furniture in the house and do gymnastics together. Later on, when the Germans invaded and they only had other Jewish girlfriends to play with, they formed a club to play ping pong and go for ice cream.
Anne was such a know-it-all that Hannah’s mother had a phrase about her. She said, “God knows all, but Anne Frank knows better!”
But Hannah really saw her as a regular kid — she was just her friend, Anne Frank. She was not an icon of any kind, and she seemed more ordinary than she seemed extraordinary.
In July 1942, Pick-Goslar found her friend’s apartment empty. Like everyone else, she was told that the Franks escaped to Switzerland — not knowing they had actually gone into hiding nearby. What happened to Pick-Goslar while Frank went into hiding?
Hannah was deported a year after Anne went into hiding. In that year, she went back to school. The anti-Jewish laws meant that you couldn’t sit on benches, go to swimming pools, be on a tram, ride your bicycle — and you couldn’t go to school with non-Jewish children.
So Hannah and Anne were both fortunate to be accepted to the Jewish Lyceum, considered one of the more prestigious Jewish schools in Amsterdam under German occupation. But in the fall of 1942, the deportations had already begun. So every day there was a different student and friend missing from class, and different teachers and administrators missing. They never knew whether it was because somebody went into hiding or because they had been deported.
Another thing happened at this time. In October, when Hannah was 14 years old, her mother Ruth was pregnant. She was determined not to go to a hospital because there were rumors of people being deported directly from hospitals, so she gave birth at home with a Jewish doctor and Jewish midwife. The baby ended up being stillborn and Hannah’s mother died the next day.
As more and more Jews were deported, Hannah was protected for a while. Her family secured a pair of South American passports, and they were also on the so-called “Palestine list.” The idea was that eventually they would be part of a prisoner swap between the British and the Germans — German soldiers for “exchange Jews” who would be sent to Palestine, which was under the British mandate.
Pick-Goslar survived to have three children, 11 grandchildren and 33 great-grandchildren. (Eric Sultan/The Lonka Project)
So for a while, Pick-Goslar’s family believed they might be spared. How did she end up at the Bergen-Belsen concentration camp in northern Germany?
By the end, the Germans rounded up all the remaining Jews from Amsterdam, including those who had special stamps in their passports. By June 1943, Hannah’s family was in one of the final roundups of Jews in Amsterdam.
First they went to Westerbork, a transit camp in Holland on the border with Germany. It was basically a holding purgatory, and from there people were deported either to Auschwitz or Sobibor — in which they were almost certainly killed — or if they were luckier, to Theresienstadt or Bergen-Belsen, which were concentration camps but not death camps. Eventually, after several months in Westerbork, Hannah’s family was deported to Bergen-Belsen.
It was bearable in the first few months and they were still fed, though not much. But by February of 1945, the Russians were approaching in the east and the Germans were trying to move people from outer concentration camps into Germany. So Bergen-Belsen swelled to many times its size and became incredibly overcrowded. There was less and less food and water, and typhus started raging through the camp.
How did Pick-Goslar and Frank find each other again at Bergen-Belsen?
Around this time, a tent camp was erected across from Hannah’s part of the camp. People saw other women speaking different languages — Hungarian, Polish, Greek, and eventually Dutch as well. They were emaciated and skeletal.
The Germans forbade going out to talk at the fence and filled it with straw, so that people wouldn’t see each other anymore. But the women found a way to communicate, and word got to Hannah that Anne Frank was on the other side of the fence. Of course, she didn’t believe it, because the Frank family had left the impression that they were in Switzerland. But she decided to go find out for herself, even though it was extremely dangerous — you’d be shot if you went to the fence.
She crept up quietly and said, “Hallo, anybody there?” Then she heard a voice from across the fence, and by chance it was Auguste van Pels, one of the people who was in hiding with Anne’s family. She said almost casually, “Oh, you must be here for Anne,” and she brought Anne from the tent.
What were their last memories together?
Anne was coming from Auschwitz, so she was a broken shadow of her former self. She was freezing, starving and wailing that she was all alone in the world. She assumed that both of her parents were dead at this point. She didn’t know that just a week or two before, her father had been liberated from Auschwitz.
Imagine two girls on opposite sides of this fence — two very loved, coddled girls, who did not know deprivation, but now were completely in the throes of the worst days of the war, completely dehumanized and mistreated. There they were on opposite sides of this fence, best friends, sobbing.
Anne begged Hannah to bring her some food and Hannah said yes immediately, without knowing how she would get it. She said that she would come back in a couple of nights. And there was this amazing moment of female solidarity: The women in her barrack were so moved by the story of this reunion, they wanted to help — so from under a pillow here, hidden in a suitcase there, they gathered the little they had to give and put everything into a sock.
Out went Hannah again, a night or two later, to the fence. When she threw the sock over, she suddenly heard footsteps and then a scream — Anne had just lost the package to a fellow prisoner who took it out of her hands. She was distraught and couldn’t stop crying, but Hannah said, “Just stop crying, I’ll come back again with food.”
So she went back a few days later again with more food collected from her barrack. This time they triangulated better and Anne caught the package. That turned out to be the last time they ever met.
How did Hannah remember the end of the war?
At the very end of the war, the Germans forced everybody who could still walk at Bergen-Belsen onto a couple of different trains. These trains were meant to go to Theresienstadt, where they would be killed.
Hannah was put on a train with her little sister Gabi, whom she was trying to keep alive. It was a harrowing 13-day ride throughout the eastern German countryside. The people were very sick and starving, with no food or water for the journey. There was one especially awful moment when the man next to Hannah tried to spill his bowl of diarrhea outside the door of the train, but instead it splashed all over her.
She was so ill with typhus that she eventually passed out around day 13. When she woke up, people were already off the train. She asked what was going on, and someone said, “Don’t you know? We were liberated by the Russians.”
What did Pick-Goslar make of the tremendous legacy left by Frank’s diary? Did she feel that her friend was correctly understood?
For her, reading the diary was a revelation. She felt like she was sort of reunited with this old friend, which was a very powerful feeling, but also very sad. She saw a girl developing into a young woman whom she would still like to know. She was very grateful that Anne’s diary had been recovered, that so many people got to know her story, and that her diary became a gateway to learning more about the Holocaust.
I think she was a little upset by the sanitized version of Anne Frank. She spoke often about the famous passage in her diary, which is repeated and painted on walls and put on postcards: “In spite of everything, I still believe that people are really good at heart.” Hannah said that if Anne had survived the hell of Auschwitz and Bergen-Belsen, she did not think she would stand by that statement anymore. I think she was concerned about some level of oversimplification.
She was very gratified that Anne’s voice never died and still lives on through her words, but she also wanted people to have a richer and more contextual understanding of the slaughter of millions of people that was the Holocaust.
—
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Candace Owens Claims US ‘Being Held Hostage by Israel,’ Suggests Zionists Killed JFK
Political commentator Candace Owens claimed on Friday that the US is being held “hostage” by Israel and suggested that AIPAC, the foremost pro-Israel lobbying organization in the US, was behind the assassination of former US President John F. Kennedy.
“It seems like our country is being held hostage by Israel,” Owens, a right-wing provocateur, said during the opening segment of her YouTube show, where she interviewed far-left commentator Briahna Joy Gray.
“I’m going to get in so much trouble for that. I don’t care,” Owens lamented.
Gray, who was the guest for this episode, was recently fired from The Hill‘s TV show, Rising, after aggressively cutting off and rolling her eyes at the sister of an Israeli hostage who said that Hamas sexually assaulted women during the terror group’s Oct. 7 massacre across southern Israel and that people should believe those women. Gray, who claimed her firing was politically motivated, had repeatedly cast doubt on the sexual violence perpetrated against Israeli women during the Hamas-led onslaught.
However, Owens said that part of the reasons she was addressing the subject was that people were being fired because they were “not happy … when an innocent Palestinian kid dies” or for “critiquing a foreign nation.”
Also on Friday’s show, Owens claimed US Rep. Thomas Massie (R-KY) was “wading into some dangerous waters” when, during an interview with host Tucker Carlson, he spoke about how effective the American Israel Public Affairs Committee (AIPAC) is at lobbying members of Congress and suggested the group should have to register as a foreign agent that is acting on behalf of Israel.
The reason it was dangerous, Owens said, was because “we know there was once a president that wanted to make AIPAC register, and he ended up shot … so Thomas Massie better be careful.”
Owens was referencing the fact that Kennedy wanted the American Zionist Council, a lobby group, to register as a foreign agent. However, there is no evidence the group had anything to do with Kennedy’s assassination.
Owens and The Daily Wire, which was co-founded by conservative and Jewish political commentator Ben Shapiro, parted ways after Owens flirted with antisemitic conspiracy theories for a number of months, especially following the outbreak of the Israel-Hamas war.
“In all communities there are gangs. In the black community we’ve got the Bloods, we’ve got the Crips. Well, imagine if the Bloods and the Crips were doing horrific things, murdering people, controlling people with blackmail, and then every time a person spoke out about it, the Bloods and the Crips would call those people racist,” Owens said while still at The Daily Wire. “What if that is what is happening right now in Hollywood if there is just a very small ring of specific people who are using the fact that they are Jewish to shield themselves from any criticism. It’s food for thought, right? … this appears to be something that is quite sinister.”
Additionally, after getting into a spat with an outspoken and controversial rabbi, Shmuley Boteach, she said, “Are you going to kill me? Are you going to kill me, because I refuse to kowtow to you, and I think it’s weird that you and your daughter are promoting and selling sex toys, that’s why I deem you an ‘unholy rabbi?’”
“You gross me out. You disgust me. I am a better person than you, and I do not fear you,” Owens continued.
The list of controversial incidents involving Owens continued to grow longer with time. In one case, she “liked” an X/Twitter post that promoted the antisemitic “blood libel.” The post read, in response to Boteach, “Rabbi, are you drunk on Christian blood again?”
The “blood libel” is a medieval anti-Jewish slur which falsely claims that Jews use the blood of non-Jewish children in their religious rituals.
The post Candace Owens Claims US ‘Being Held Hostage by Israel,’ Suggests Zionists Killed JFK first appeared on Algemeiner.com.
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Hating Israel Isn’t New; How the CIA and State Department Undermined the Jewish State
“Teddy Roosevelt’s great-great-great grandson is an anti-Israel protester at Princeton,” blared a New York Post headline on May 4, 2024.
The Post reported that Quentin Colon Roosevelt, an 18-year-old freshman, and descendant of the 25th President, is an anti-Israel activist at the Ivy League university. But far from being hip and new, Quentin’s brand of anti-Zionism is old hat — he is merely continuing a long family tradition of anti-Israel activism.
There is an abundance of literature on Franklin D. Roosevelt’s views on Jews and Zionism, the belief in Jewish self-determination. Both FDR and his wife Eleanor had made antisemitic remarks. In a private conversation in 1938, then-President Roosevelt suggested that by dominating the economy in Poland, Jews were themselves fueling antisemitism. And in a 1941 Cabinet meeting, FDR remarked that there were too many Jewish Federal employees in Oregon. In his final days, FDR promised Saudi leader Abdul Aziz Ibn al Saud that he would oppose the creation of Jewish state in the Jewish people’s ancestral homeland.
FDR is the president who led the United States to victory against Adolf Hitler. He also employed Jews in high-ranking positions in his government. But he is also the president whose administration failed to save more Jews fleeing Nazism, and who refused to bomb the railway tracks leading to Auschwitz and other death camps where millions of Jews met a ghastly end. Accordingly, it makes sense that his beliefs regarding Jews have been the subject of books and belated study.
Less examined, however, is the Oyster Bay branch of the Roosevelt clan, and their beliefs regarding Zionism. In part, this is easily explained by the unique place that FDR holds in American history. He is the only president to serve four terms, and presided over both the Great Depression, World War II, and arguably the beginning of the Cold War. His branch of the family, the Hyde Park Roosevelts, were Democrats and remained active in public life for decades after his 1945 death.
At first glance, the Oyster Bay Roosevelts were more of a turn of the 19th century affair. They were Republicans, and their scion was Teddy Roosevelt, a war hero turned governor of New York state who, thanks to an assassin’s bullet, found himself as the nation’s leader in 1901.
The famously ebullient Roosevelt helped redefine the country’s idea of a president, and served as an inspiration for his cousin Franklin. But Teddy largely presided over an era of peace and tranquility, not war and upheaval.
Teddy was a philosemite. He was the first occupant of the Oval Office to appoint a Jewish American to the Cabinet. He championed the rights of Jews, both at home and abroad, and was harshly critical of the numerous pogroms that unfolded in czarist Russia.
As Seth Rogovoy has noted, Roosevelt’s “special relationship with Jews was forged during his time serving as police commissioner in New York City, a post he assumed in 1904.” When an antisemitic German preacher named Hermann Ahlwardt gave speeches in the city, Roosevelt assigned a contingent of Jewish police officers to guard the man.
Roosevelt was also a Zionist. In 1918, shortly after the Balfour Declaration, he wrote: “It seems to me that it is entirely proper to start a Zionist state around Jerusalem.” He told Lioubomir Michailovitch, the Serbian Minister to the United States, that “there can be no peace worth having … unless the Jews [are] given control of Palestine.” Six months later Roosevelt died in his sleep.
Not all his descendants would share his belief in Jewish self-determination, however.
Two of Teddy Roosevelt’s grandchildren, Kermit and Archie, served their country in the CIA during the early years of the Cold War. Both were keenly interested in Middle East affairs, and were fluent in Arabic. Both were well read and highly educated, authoring books and filing dispatches for newspapers like the Saturday Evening Post, among others.
They were also prominent anti-Zionists.
Kermit Roosevelt, known as “Kim,” played a key role in anti-Zionist efforts in the United States and abroad. He was not, by the standards of his time, an antisemite. But he was ardently opposed to the creation of Israel.
As Hugh Wilford observed in his 2013 book America’s Great Game: The CIA’s Secret Arabists and the Shaping of the Modern Middle East: “the anti-Zionism of the overt Cold War foreign policy establishment is well known” but “less widely appreciated is the opposition to Jewish statehood of the individuals responsible for setting up the United States’ covert apparatus in the Middle East.”
This began with the OSS, the CIA’s precursor. And it included men like Stephen Penrose, a former American University of Beirut instructor, and Kim Roosevelt’s boss during his wartime service in the OSS.
“Documents among Penrose’s personal papers reveal him engaged in a variety of anti-Zionist activities at the same time that he was commencing his official duties with the OSS,” Wilford notes.
Like many of his fellow Arabists, Penrose was the son of American missionaries who, failing to convert the native population to Christianity, sought to foster Arab nationalism instead. Penrose described himself as a “chief cook” who was “brewing” opposition to Zionism. He became one of Kim Roosevelt’s mentors.
In a January 1948 Middle East Journal article entitled, “Partition of Palestine: A Lesson in Pressure Politics,” Kim called the 1947 UN vote in favor of a Jewish state an “instructive and disturbing story.”
Roosevelt believed that the US media was unduly supportive of the creation of Israel, and claimed that almost all Americans “with diplomatic, educational, missionary, or business experience in the Middle East” opposed Zionism.
Kim’s pamphlet was reprinted by the Institute for Arab American Affairs, a New York-based group whose board he sat on. He also began working with the Arab League’s Washington, D.C., office and “turned elsewhere for allies in the anti-Zionist struggle, starting with the Protestant missionaries, educators, and aid workers.”
This nascent group soon received financial support from the American oil industry, which maintained close links to Kim’s OSS/CIA colleague, William Eddy.
As Wilford noted, the Arabian consortium ARAMCO “launched a public relations campaign intended to bring American opinion around to the Arab point of view.”
In addition to missionaries and big oil, Kim gained another important ally in the form of Elmer Berger, a rabbi from Flint, Michigan. Berger served as executive director of the American Council for Judaism, an anti-Zionist group that, among other things, opposed the creation of a Jewish army during World War II at the height of the Holocaust. Berger and Roosevelt became drinking buddies and close collaborators on their joint effort against the Jewish State.
Kim eventually became “organizing secretary” for a group called The Committee for Justice and Peace. The committee’s original chair, Virginia Gildersleeve, was both a longtime friend of the Roosevelts of Oyster Bay and the dean of New York City’s Barnard College, which today is part of Columbia.
Gildersleeve was “also a high-profile anti-Zionist” who “became involved with the Arab cause through her association with the Arabist philanthropist Charles Crane and the historian of Arab nationalism George Antonius.”
Crane, a wealthy and notorious antisemite, had lobbied against the creation of a Jewish state since the beginning of the 20th century, even advising then-President Woodrow Wilson against supporting the Balfour Declaration.
By 1950, the Committee had managed to recruit famed journalist Dorothy Thompson to their cause. Thompson was reportedly the basis for actress Katharine Hepburn’s character in the 1942 movie Woman of the Year. A convert to anti-Zionism, Thompson’s extensive network of reporters and celebrities proved crucial to Kim and Berger’s efforts to rally opposition to the Jewish State. In a 1951 letter to Barnard College’s Gildersleeve, Thompson wrote: “I am seriously concerned about the position of the Jews in the United States.” People, she claimed, “are beginning to ask themselves the question: who is really running America?”
Another ally emerged that year: the Central Intelligence Agency.
The CIA began funding the Committee, as well as its successor, the American Friends of the Middle East (AFME). Beginning in June 1950, Kim’s correspondence with Berger began making veiled references to the ACJ head taking on “official work” in Washington. This, Wilford believes, is a reference to working with the CIA. Indeed, the well-connected Kim and Archie Roosevelt had known top CIA officials like Allan Dulles since childhood.
With support from figures like Eddy, AFME also began encouraging Muslim-Christian alliances — ostensibly to counter Soviet influence, but also to attack the Jewish state. This led to some awkward alliances, including with Amin al-Husseini, the founding father of Palestinian nationalism and an infamous Nazi collaborator.
Husseini had ordered the murders of rival Palestinians, incited violence against Jews since the 1920s, and had led forces, equipped with Nazi-supplied arms, to destroy Israel at its rebirth in 1948. Now, along with the Secretary General of the Arab League, and Saudi King Ibn Saud, he was meeting with Eddy to discuss a “moral alliance” between Christians and Muslims to defeat communism. Kim himself knew Husseini, having interviewed him for the Saturday Evening Post after World War II.
AFME lobbied for the appointment of anti-Zionist diplomats and in favor of Eisenhower administration efforts to withhold aid from Israel. And both Berger and Thompson pushed for favorable coverage of the new Egyptian dictator, Gamal Nassar, who would wage war on the Jewish state for nearly two decades. Initially, they were successful, with TIME magazine writing that Nasser had the “lithe grace of a big, handsome, all-American quarterback.” Of course, there was nothing “all-American” about Nasser, who would become a Soviet stooge.
AFME officials like Garland Evans Hopkins would draw rebukes after claiming that Jews were bringing violence against themselves — a staple of antisemitism. Hopkins claimed that Zionists “could produce a wave of antisemitism in this country” if they continued acting against “America’s best interests in the Middle East.”
AFME itself would eventually lose influence, particularly after its boosting of figures like Nasser was revealed as foolhardy. Berger would go on to advise Senator J. William Fulbright (D-AR) in his efforts to get pro-Israel Americans to register as foreign agents.
In 1967, as Arab forces gathered to annihilate Israel, Berger blamed the Jewish State, accusing it of “aggression” and its supporters of “hysteria.” Top ACJ officials resigned in protest. That same year, Ramparts magazine exposed CIA support, financial and otherwise, of AFME.
Kim and Archie Roosevelt, however, would continue their careers as high-ranking CIA officers before eventually starting a consulting business and making use of their extensive Middle East contacts.
For some college protesters, attacking Israel — and American support for Israel — might seem new and trendy. Yet, both the CIA and big oil were precisely doing that, decades ago, forming alliances with anti-American dictators, antisemitic war criminals, the press, Protestant groups, academics, university administrators, and fringe Jewish groups claiming to represent “what’s best” for American Jewry.
As William Faulkner once wrote: “The past is never dead. It’s not even past.”
The writer is a Senior Research Analyst for CAMERA, the 65,000-member, Boston-based Committee for Accuracy in Middle East Reporting and Analysis
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Canada’s economic growth projected to be about 1% in the first half of 2024
Canada is a country with a thriving Jewish community and has traditionally offered the security of a strong economy for residents. The national economic outlook is naturally something that everyone in Canada’s Jewish community keeps track of – especially those involved in business in the various provinces.
With this in mind, the July 2023 Monetary Policy Report from the Bank of Canada made for interesting reading, projecting a moderate economic growth figure of around 1% for the first half of 2024. This is in line with growth figures that had been forecast for the second half of 2023, and sees the country’s economy remain on a stable footing.
Steady projected growth for first half of 2024
Although projected economic growth of around 1% in early 2024 is not as impressive as figures of around 3.4% in 2022 and 1.8% in 2023, it is certainly no cause for alarm. But what might be behind it?
Higher interest rates are one major factor to consider and have had a negative impact on household spending nationally. This has effectively seen people with less spending power and businesses in Canada generating less revenue as a result.
Interest rate rises have also hit business investments nationally, and less money is being channelled into this area to fuel Canada’s economic growth. When you also factor in how the weak foreign demand for Canadian goods and services has hit export growth lately, the projected GDP growth figure for early 2024 is understandable.
Growth in second half of 2024 expected
Although the above may make for interesting reading for early 2024, the Bank of Canada’s report does show that economic growth is expected to pick up in the second half of the year. This is projected to be due to the decreasing effect of high interest rates on the Canadian economy and a stronger foreign demand for the country’s exports.
Moving forward from this period, it is predicted that inflation will remain at around 3% as we head into 2025, and hit the Bank of Canada’s inflation target of 2% come the middle of 2025. All of this should help the country’s financial status remain stable and prove encouraging for business leaders in the Jewish community.
Canada’s economic growth mirrors iGaming’s rise
When you take a look at the previous growth figures Canada has seen and also consider the growth predicted for 2024 (especially in the second half of the year), it is clear that the country has a vibrant, thriving economy.
This economic growth is something that can be compared with iGaming’s recent rise as an industry around the country. In the same way as Canada has steadily built a strong economy over time, iGaming has transformed itself into a powerful, flourishing sector.
This becomes even clearer when you consider that Canadian iGaming has been a major contributor to the sustained growth seen in the country’s arts, entertainment and recreation industry, which rose by around 1.9% in Q2 of 2023. The healthy state of online casino play in Canada is also evidenced by how many customers the most popular casino platforms attract and how the user experience these operators offer has enabled iGaming in the country to take off.
This, of course, is also something that translates to the world stage, where global iGaming revenues in 2023 hit an estimated $95 billion. iGaming’s global market volume is also pegged to rise to around $130 billion by 2027. These kinds of figures represent a sharp jump for iGaming worldwide and show how the sector is on the ascent.
Future economic outlook for Canada in line with global expectations
When considering the Canadian economic outlook for 2024, it is often useful to look at how this compares with global financial predictions. In addition to the rude health of iGaming in Canada being reflected in global online casino gaming, the positive economic outlook for the country is also broadly in line with expectations for many global economies.
Global growth is also predicted to rise steadily in the second half of 2024 before becoming stronger in 2025. This should be driven by the weakening effects of high interest rates on worldwide economic prosperity. With rate cuts in Canada already expected after Feb 2024’s inflation report, this could happen in the near future.
The performance of the US economy is always of interest in Canada, as this is the country’s biggest trading partner. Positive US Q2 performances in 2023, powered by a strong labor market, good consumer spending levels and robust business investments, were therefore a cause for optimism. As a US economy that continues to grow is something that Canadian businesses welcome, this can only be a healthy sign.
Canada set for further growth in 2024
Local news around Canada can cover many topics but the economy is arguably one of the most popular. A projected GDP growth figure of around 1% for Canada’s economy shows that the financial state of the country is heading in the right direction. An improved financial outlook heading into the latter half of 2024/2025 would make for even better reading, and the national economy should become even stronger.