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A chaotic response to Israel’s turmoil a reveals a fraught new dilemma for Jewish legacy organizations

WASHINGTON (JTA) — Major American Jewish organizations that hoped to send a unified message about the turmoil in Israel yesterday instead found themselves tussling, partly in the public eye, about what exactly they wanted to say. 

Should they praise the massive anti-government protests that have taken shape in recent months? Should they criticize Israel’s sitting government? What, if anything, should they endorse as a next step in the ongoing crisis?

Five large Jewish organizations — all known for their vocal pro-Israel advocacy — began Monday afternoon trying to answer those questions in a unified voice that sent a positive message: praise for a decision to pause the government’s divisive judicial overhaul.

Instead, in a somewhat messy process that unfolded over the course of the afternoon, they ended up sending out a number of different statements that contrasted in subtle yet telling ways. The scramble to publish a statement reflecting consensus — and the resulting impression that consensus was lacking — was a reflection of how Israel’s politics have created a rift in the U.S. Jewish establishment.

For decades, large American Jewish groups have publicly supported Israel’s foreign policy, and mostly stayed quiet on its domestic conflicts. Now, a domestic policy issue threatening to tear Israel apart has compelled at least some of them to do two unusual things: opine on Israel’s internal affairs, and publicly chide the government that, in their view, is responsible for the crisis.

“For a long time any criticism of Israel, even criticism of very difficult policies, was thought to be disloyal, and couldn’t be spoken out of love,” said Rabbi Rick Jacobs, the president of the Union for Reform Judaism, which was not a signatory to the statement but is a constituent of the group that organized it. “I think we now understand that there’s plenty of legitimate criticism and activism that comes from that very place.”

The five groups that began composing the statement together were the Jewish Federations of North America, the American Jewish Committee, the Anti-Defamation League, the Conference of Presidents of Major American Jewish Organizations and the American Israel Public Affairs Committee. All have historically been seen as centrist, pro-Israel and representative of the American Jewish establishment, speaking for American Jews in international forums and in meetings with elected officials. All have annual budgets in the tens of millions of dollars, if not more.

Any vocal criticism from those groups has largely been limited to Israel’s treatment of non-Orthodox Jews. Because most American Jews are themselves not Orthodox, American Jewish groups have felt more comfortable advocating for policies that, they believe, will allow more of their constituents to feel welcome in the Jewish state. 

But events this year have prompted the groups to speak out on another Israeli domestic issue: the judicial overhaul being pushed by Prime Minister Benjamin Netanyahu, which aimed to sap the Israeli Supreme Court of much of its power and independence. The court has, in the past, defended the rights of vulnerable populations in Israel such as women, the non-Orthodox, Arabs and the LGBTQ community.

“The recognition that what happens in Israel, the policies of the Israeli government and a broader range of issues in this particular case — on judicial reform, the perception of Israel as a vibrant democracy for all of its citizens — that perception has a significant impact on American Jewish life and American Jewish engagement,” said Gil Preuss, CEO of Washington, D.C.’s Jewish federation.

Most of the five groups had previously endorsed calls for compromise on the judicial reform proposal. The federations had also come out against one of its key elements. So when Netanyahu announced on Monday — in the face of widespread protests and dissent from allies — that he would pause the legislative push to allow time for dialogue, they all hoped to express their support. 

What to write after that sentiment, however, proved contentious. A version of the statement put out by the American Jewish Committee included sharp criticism of Israeli politicians that was not in the other statements. 

The Jewish Federations of North America sent out an addendum to the statement that was sympathetic to anti-Netanyahu protesters.

And the American Israel Public Affairs Committee ultimately opted out of the statement altogether — but not before a version had already been released in its name. 

None of the five groups responded to requests for comment on the process behind the statement, but insiders said the differences between the statements, and AIPAC’s opting out, had little to do with policy differences. Instead, they blamed the confusion on missteps in the rush to get the statement out in the minutes after Netanyahu’s remarks, which aired in Israel at 8 p.m. and in the early afternoon on the East Coast, where all of the groups are based.

The statement that ultimately appeared, after declaring that the groups “welcome the Israeli government’s suspension” of the reforms, said that the raucous debate and protests over the legislation were “painful to watch” but also “a textbook case of democracy in action.”

A key line included rare advice to Israel from the establishment Jewish groups: “As a next step, we encourage all Knesset factions, coalition and opposition alike, to use this time to build a consensus that includes the broad support of Israeli civil society.”

The Conference of Presidents was the first to release the statement, just past 2 p.m., less than an hour after Netanyahu had completed his remarks. It listed its co-endorsers as the AJC, the ADL and JFNA.

Five minutes later, the AJC put out a version of the same statement that added AIPAC to the endorsers. It included the same sentence offering advice, plus another two that added criticism and a caution: “Israel’s political leaders must insist on a more respectful tone and debate. A hallmark of democracy is public consensus and mutual consideration.”

Statements from JFNA and ADL, which went out subsequently, hewed to the Conference of Presidents version. An AIPAC official told JTA that the group did not want to sign onto the statement because it had wanted more time to add edits.

Just before 3 p.m., more than 40 minutes after its initial email, AJC sent out an email advising recipients that its inclusion of AIPAC was an error. 

But its new statement still included the line criticizing politicians, which the other groups had eschewed. In the end, AJC removed that line, too: It is absent from the version of the statement posted on the group’s website.

AIPAC ultimately settled on posting a tweet that stuck to praising Israel for its democratic process, without further comment.

For many weeks, Israelis have engaged in a vigorous debate reflective of the Jewish state’s robust democracy,” it said. “Israel’s diverse citizenship is showcasing its passionate engagement in the democratic process to determine the policies that will guide their country.”

JFNA, in an explanatory email to its constituents attached to the joint statement, was more pointed in its criticism of Netanyahu. On Sunday night, the prime minister had summarily fired his defense minister, Yoav Galant, for publicly advocating a pause on the legislation. That decision sparked protests across Israel, which in turn prompted Netanyahu to announce exactly the same pause and compromise that Gallant had proposed. 

“The response across Israeli society was immediate and angry,” said the email signed by Julie Platt, the chairwoman of JFNA, and Eric Fingerhut, its CEO. “Spontaneous protests gathered in the streets and commentators expressed shock at a decision to fire a Defense Minister for having expressed concern about the risks to the country’s military position … Netanyahu’s own lawyer in his corruption trial announced that he could no longer represent him.”

The groups weren’t alone in releasing pained statements about Israel’s volatility — which has also stirred anguish among groups that have previously defended the Israeli right.

This week, Rabbi Moshe Hauer of the Orthodox Union, who met earlier this month with far-right Israeli Finance Minister Bezalel Smotrich, praised Israel’s leaders for “the recognition of the value of taking time, engaging with each other with honesty and humility, and proceeding to build consensus.” (Smotrich, for his part, supports the overhaul and opposed pausing the legislation.)

“Our Sages taught, ‘Peace is great; discord is despised’,” Hauer, the group’s executive director, said in an emailed statement to JTA. “We are deeply shaken by the upheaval and discord that has gripped our beloved State of Israel. In recent weeks, the Jewish tradition and the democratic value of vigorous debate have been replaced by something very dangerous and different.”

The two largest non-Orthodox movements were open about their opposition to the overhaul. “We believe ardently that the proposed judicial reform is fraught with danger and goes against the principles of democracy,” the Conservative movement’s Rabbinical Assembly said in a statement Tuesday. 

A statement from the leadership of the Reform movement, including Jacobs, castigated Netanyahu for agreeing to create a national guard under the authority of Itamar Ben-Gvir, the far-right national security minister, and for being “willing to risk the safety and security of Israel’s citizens to keep himself and his coalition in power.”

That strong language, Jacobs suggested, reflects the wishes of those who fund establishment Jewish groups and congregations. He said those groups were hearing from donors whose frustration with the Netanyahu government is reaching a boiling point.

“I hear of donors telling organizations, ‘I have to tell you, I don’t hear your voice, speaking out in favor of Israel’s democracy at this very vulnerable moment. So I’ll tell you what, why don’t you hang on to my phone number when you find your voice?’”


The post A chaotic response to Israel’s turmoil a reveals a fraught new dilemma for Jewish legacy organizations appeared first on Jewish Telegraphic Agency.

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Candace Owens Claims US ‘Being Held Hostage by Israel,’ Suggests Zionists Killed JFK

Candace Owens speaks at CPAC on March 2, 2023. Photo: Lev Radin via Reuters Connect

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.

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