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Bosnian Jews mourn Moris Albahari, one of Sarajevo’s last Ladino speakers
(JTA) — Moris Albahari, a Holocaust survivor, former partisan fighter and one of the last Ladino speakers in Bosnia and Herzegovina’s dwindling Jewish community, passed away at the age of 93 last month.
It is believed that he was one of four native Ladino speakers remaining in a country where the Judeo-Spanish language once flourished and was spoken by luminaries like Flory Jagoda, the grande dame of Ladino song, and Laura Bohoretta, the founder of a uniquely Sephardic feminist movement in Bosnia.
Bosnia’s small Jewish community — with barely 900 members throughout the country, 500 of whom live in Sarajevo — are mourning the loss of a living link to communal memory as well as a dear friend.
“From you, uncle Moco, I learned a lot about Judaism, about life, about nature and especially about people. About both the good and the evil,” Igor Kožemjakin, the cantor of the Sarajevo Jewish community, wrote in a memorial post on Facebook, referring to Moris as “Čika,” or uncle, a term of endearment in Bosnian.
“It is a terrible loss, especially for Sarajevo. Our community is very small, especially after the Holocaust,” Eliezer Papo, a Sarajevo-born Jew and scholar of Ladino language and literature at Ben-Gurion University of the Negev, told the Jewish Telegraphic Agency. “We’re not speaking just in terms of prominent members of the community, we’re speaking in terms of family members. Everyone is like a family member.”
When Albahari was growing up in the 1930s, the Jewish community of his native Sarajevo numbered over 12,000. Jews made up more than a fifth of the city and it was one of the most important centers of Jewish life in the western Balkans.
In his youth, the city was part of what was then the Kingdom of Yugoslavia. Formed out of the borderlands between the Ottoman and Austro-Hungarian empires, it was a multiethnic state composed of Croats, Serbs, Bosniaks, Slovenians, Macedonians, Hungarians, Albanians and more. Among them were many Jewish communities both Ashkenazi and Sephardic.
The unique mix of of Muslim, Jewish, Catholic and Orthodox Christian communities, with their mosques, synagogues and churches defining Sarajevo’s skyline, earned the city the nickname “Little Jerusalem.”
Speaking in a 2015 documentary made by American researchers, “Saved by Language,” Albahari explained that his family traced their roots back to Cordoba before the Spanish Inquisition, and through Venice, before settling in what would become Bosnia when it was part of the Ottoman Empire.
“We didn’t want to ‘just’ write an article about Moris or Sarajevo; we wanted [the audience] to see what we saw and hear what we heard,” Brian Kirschen, professor of Ladino at Binghamton University, who worked on the documentary with author Susanna Zaraysky, told JTA. “This resulted in a grassroots initiative to create the documentary.”
In the film, Albahari takes the researchers and their viewers on a tour through what was Jewish Sarajevo, giving glimpses of the thriving Ladino speaking community in which he was raised and explaining how ithe language would save him many times, when the Nazis and their Croat allies, the Ustaša, came to shatter it.
“In sharing your story of survival during the Holocaust, you opened doors that remained closed for decades,” Kirschen said in a memorial post on Facebook. “Some of your stories were even new to members of your family, but each survivor has their own timeline. While you experienced great pain during your life, from your story, we also learn about moments of kindness and heroism. Through your story, you also taught us about the power of language.”
Albahari wasn’t yet a teenager when, in 1941, Nazi Germany and Mussolini’s Italy invaded Yugoslavia. The Nazis occupied the eastern portion of the country, including what is now Serbia, while they raised up a Croat fascist party, known as the Ustaša, to administer the newly formed “Independent State of Croatia” — often known by its Serbo-Croatian initials, NDH — in the western regions that included the modern-day Bosnia and Herzegovina.
The Ustaša collaborated in the Nazis’ genocidal plans for Europe’s Jewish and Roma comunities, and they had genocidal designs of their own for the Orthodox Serb communities living in the NDH.
To that end they established the Jasenovac concentration camp, which would become known as the Auschwitz of the Balkans. By the war’s end it had become the third largest concentration camp in Europe, and behind its walls the overwhelming majority of Sarajevo’s Jews — at least 10,000 — were massacred. Including Serbs, Jews, Roma and political dissidents of Croat or Muslim Bosniak background, as many as 100,000 people were killed in Jasenovac.
Albahari was 11 years old when the Ustaša came to deport him and his large family to Jasenovac. A former teacher working as an Ustaša guard in the town of Drvar, where the train stopped, warned Albahari’s father, David, about their destination, and he was able to help his son escape from the train.
The teacher helped guide the young Moris to an Italian soldier named Lino Marchione who was secretly helping Jews.
This was the first case when Albahari’s Ladino came in handy. Ladino is largely based on medieval Spanish, with a mixture of Hebrew, Aramaic, Turkish and other languages mixed in. For speakers of Serbo-Croatian, a Slavic language, it’s entirely incomprehensible. But for a speaker of another Romance language such as Italian, it’s not such a stretch to understand, and Moris was able to converse with his Italian savior.
With his family gone, he was taken in by a Serb family, and changed his name to Milan Adamovic to hide his Jewish identity. Still, by 1942, it became clear that neither as Adamovic nor Albahari would he be safe in the town. So he fled to the mountains.
“If there was [a battle] I took clothes from a dead soldier to wear, I lived like a wolf in the mountains, you know. Visiting villages [asking for something] to give me for eating, it was a terrible time,” Albahari recalled in “Saved By Language.”
He would only feel safe in villages under the control of partisan forces. Yugoslavia was the only country in Europe to be liberated from Nazi rule by its own grassroots resistance.
During his time in the mountains, Albahari joined up with a partisan unit aligned with the movement of Josip Broz Tito, who would lead Communist Yugoslavia after the war. By the war’s end, Tito’s partisans numbered over 80,000 and included more than 6,000 Jews, many in prominent positions, such as Moša Pijade, who would go on to serve as vice president of the Yugoslav parliament after the war.
Moris was out on patrol as a partisan when he came upon a group of American and British paratroopers. They raised their weapons at him, thinking he was an enemy. Moris tried to communicate, but he spoke no English.
When he asked the soldiers if they spoke German or Italian, they shook their heads. When he asked about Spanish, one perked up: a Hispanic-American soldier by the name of David Garijo.
In Ladino, Alabahari was able to explain that he was not an enemy but could lead them to a nearby partisan camp where they would be safe.
“Ladino saved my life in the war,” Albahari recalled in the documentary.
At the partisan camp, Morris received even bigger news: The family that he had assumed had all perished after he left the train were in fact alive. The former school teacher and Ustaša guard who had warned his father had met them at the next train junction to help them escape. Furthermore, around half of the Jews in the train car were able to escape using the same hole Moris used during his initial escape.
Ultimately the family all survived the war, unlike so many other Jews of Sarajevo.
“Where is Samuel, where is Dudo, where is Gedala? They never came back,” Albahari lamented, listing missing neighbors while walking through Sarajevo’s old Jewish neighborhood in the documentary. “Maybe we are happy because we are alive after the Second World War, but also unlikely because every day we must cry for these dead people.”
When Moris returned to Sarajevo, it was an entirely different place from the bustling Jewish community he had once known.
Gone was the sound of Ladino in the streets and alleyways of Bascarsija, the market district where so many of Sarajevo’s Jews had once lived. Gone were the synagogues — only one of the many synagogues that had existed before WWII still functions. Gone was the robust Jewish life that was once a central part of Sarajevo.
Moris was still only 14 by the war’s end, so he returned to school and ultimately graduated at the top of his class. He became a pilot and later director of the Sarajevo Airport.
In this new world, Ladino was spoken, if at all, only in the home.
“Always, when I hear Spanish, I hear my father and mother, and all the synagogues, prayers in Ladino and rabbis who spoke Ladino. But that is in the past,” Albahari says in “Saved by Language.”
Eliezer Papo, who is a generation younger than Albahari, recalled that in his youth Ladino had long been reduced to a language of secrets.
“Mostly, Ladino was used when the elders didn’t want youngsters to understand,” Papo said.
Only later, in the 1980s, did community members realize what was being lost and begin to gather to maintain their language, recount what Jewish Sarajevo had been like and share their wartime stories of survival.
“He never took his story to the places of revenge, but he took it and his life experience to a place of ‘Never again,’ not just ‘Never again for Jews’, but never again for anybody,” said Papo.
Like many Sarajevans, World War II would not be the last major conflict Albahari would see. Less than 40 years later, war would once again come to Sarajevo with the break-up of Yugoslavia.
From 1992-1995 the city remained under constant siege by Bosnian Serb forces looking to break away from what would become Bosnia and Herzegovina. Moris joined with other Jews of Sarajevo in working to provide aid to their fellow Sarajevans during the harsh period.
Sarajevo’s synagogue was turned into a shelter and a soup kitchen. The community ran a network of underground pharmacies and a message service allowing Sarajevans to get word to family and friends outside of the city during what became the longest siege of a capital city in the history of modern warfare.
“Moris was an inspirational persona to many members of Jewish community and La Benevolencija,” Vlado Anderle, the current president of that local Jewish humanitarian organization told JTA. “He was a man with such inviting spirit and energy.”
When the dust settled on the breakup of Yugoslavia, and the new Bosnian state rose from its ashes, Moris found himself once again in a new role.
During the communist era in Yugoslavia, religious activity was discouraged. Sarajevo’s Jews emphasized the ethnic character of Jewish culture rather than the religious one. In the new Bosnia and Herzegovina, that was no longer true. So the community worked to reconnect with their religious identity as well.
“Everybody looked up to the people who had Jewish upbringing before the Second World War,” Papo recalled. “This doesn’t mean that they were rabbis. Just that they knew it better than anyone else.”
Moris, whose formal Jewish education ended in his preteen years, was appointed president of the community’s religious committee.
As such it often fell on him to represent Judaism to the Bosnian society at large, often in a very creative way, according to Papo, who in addition to being a scholar of Ladino is ordained as a rabbi and serves the Sarajevo community as a rabbi-at-large from Israel.
In one case, while being interviewed on a major Bosnian television station, Moris was asked why Jews cover their head with a kippah or other hat during prayer. Moris’ response, or rather creative interpretation, as Papo called it, was made up on the spot.
Moris’ interpretation began with the ancient temple in Jerusalem where Jews once had to fully immerse in a ritual bath before entering.
“Since the Temple in Jerusalem was destroyed it was reduced to washing the uncovered parts of the body only, before entering a synagogue, similarly to Muslims: the feet, the head, the hands…” Papo recalled him saying. But in Europe, as Moris’ answer went, they began to cover more and more of their body. “In Europe they started wearing shoes, so the feet were not uncovered anymore, and then they started wearing a hat, not to have to wash their head… you know it’s Europe, one could catch a cold if going out with wet hair…”
“A few months later, I came to Sarajevo, and found that everyone has heard this explanation and is talking about it, not just people in the community, but in the street,” Papo said. “And you know, I let it pass, I couldn’t correct them, it was just so beautiful. That was his genius.”
“Identity is all about telling stories. And Moris was one of the great storytellers of the community,” Papo added. And through his stories he expressed an identity which was “made of the same contradictions that Sephardic Judaism is made of, that Sarajevo is made of, that Bosnia and Herzegovina is made and that Yugoslavia was and is made of and that the Balkans are made of.”
Albahari is survived by his wife and a son.
—
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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
The post Hating Israel Isn’t New; How the CIA and State Department Undermined the Jewish State first appeared on Algemeiner.comhttps://www.algemeiner.com/.
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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.