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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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Congressional Hopeful Michael Blake Seeks to Erase AIPAC Support, Misleads on Past Trips to Israel
Former New York State Assemblyman Michael Blake is running for US Congress in the Democratic primary in New York’s 15th Congressional District. Photo: Screenshot
Michael Blake, a progressive Democrat running for US Congress in New York City, appeared to have recently made misleading statements about the nature of his previous trips to Israel and relationship with AIPAC, the country’s foremost pro-Israel lobbying group.
In Instagram comments, Blake characterized one of his visits to Israel as being done in his capacity as a reverend. Blake visited Israel in 2014 with the Jewish Community Relations Council (JCRC) and in 2017 with the AIPAC-affiliated American Israel Education Foundation.
“I attended a trip and spoke at previous events about my faith as an ordained reverend and about the Black & Jewish relationship but haven’t been involved in years,” he posted when asked to clarify his ties to AIPAC, which seeks to foster bipartisan support for the US-Israel alliance.
Blake, a former New York state assemblyman, is running an insurgent left-wing campaign to unseat incumbent US Democratic Rep. Ritchie Torres, a staunch supporter of Israel, in the state’s 15th congressional district.
Regarding previous support from AIPAC, Blake said, “Donations would have been minimal in the past.”
Social media screenshot
However, Blake’s social media comments contradict previous documentation about the nature of his trip to Israel and relationship with AIPAC. Although Blake asserted that he visited Israel with an AIPAC-linked group as a reverend, reports indicate that he attended AIPAC events through 2019 and only became ordained as a reverend following his 2020 Democratic primary defeat to Torres.
“The Bronx Democrat then gave up his Assembly seat to fall to Ritchie Torres in a 2020 congressional race. Since then, he’s run his public affairs firm, backed Maya Wiley’s 2021 run for mayor, and got ordained as a reverend,” Politico reported in 2024 in an article on Blake considering a bid at the time for New York City mayor.
Contrary to Blake’s assertions that he only participated with AIPAC as a reverend, the politician participated in multiple AIPAC events, including its annual policy conference in 2017 while serving as vice chairman of the Democratic National Committee (DNC). Skeptics have suggested that Blake invoked religion to minimize progressive blowback over his connections to AIPAC.
Last year, the New York Post first reported that Blake deleted several past social media posts touting his attendance at AIPAC events.
Since announcing his campaign to unseat Torres, Blake has lurched farther left on the Israeli-Palestinian conflict in an apparent attempt to court progressive voters. Blake has issued blistering statements condemning Israel of committing a so-called “genocide” in Gaza and vowed to vote against any military aid to the Jewish state.
“I am ready to fight for you and lower your cost of living while Ritchie fights for a Genocide. I will focus on Affordable Housing and Books as Ritchie will only focus on AIPAC and Bibi,” Blake posted on X in a statement last year announcing his candidacy, referencing Israel Prime Minister Benjamin Netanyahu.
In May 2025, however, during his failed campaign for mayor, Blake walked back his accusations of “genocide” against Israel, claiming that he regretted using the term to characterize the war in Gaza.
“It was wrong language to use,” Blake said, referencing his October 2023 post which accused Israel of committing genocide in Gaza. He apparently again reversed his stance when launching his congressional bid in New York’s 15th district.
Despite his efforts, Blake’s previous trips to Israel and history of praising the Jewish state have elicited skepticism among left-wing voters in New York City. Progressive critics have pointed to his 2017 speech at the annual AIPAC conference in which he lavished praise on Israel. In 2020, while speaking with Jewish Insider, he compared his experience as an African American to the struggles of Jewish people in Israel.
As the relationship between the Democratic Party and Israel continues to deteriorate following the breakout of the Israel-Hamas war, liberal politicians have continued to recalibrate their approach to Middle Eastern geopolitics. Many ambitious Democratic candidates have staked out positions on Israel more aligned with the far-left, progressive flank of the party, accusing the Jewish state of “genocide” and “ethnic cleansing” while vowing to oppose any arms sales to Jerusalem.
Despite his aggressive overtures to progressives, Blake’s campaign to unseat Torres still remains a longshot. The 15th district encompasses Riverdale, a heavily Jewish and affluent community and hub of pro-Israel activism. Polling suggests that Torres maintains heavy levels of support in his district, placing him among the most popular politicians in the state of New York.
Blake’s campaign did not respond to a request for comment for this story.
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National support group for interfaith Jewish families guts staff amid funding crisis
(JTA) — A national nonprofit that supports interfaith Jewish families has slashed its workforce after facing an unanticipated budget shortfall.
18Doors announced on March 31 that it had “significantly” reduced its staff due to budget constraints. In fact, about two-thirds of the staff were laid off the week before the announcement, board member Laurie Beijen told the Jewish Telegraphic Agency.
The nonprofit had 15 staff members last August, according to an archived version of its website. This week, it lists four employees, nearly all in the C-suite.
CEO Mike Wise has stepped down, and 18Doors is now being led by Ellen Frank, the chief operating officer, and Adam Pollack, the chief program officer, the organization said.
Among those no longer at 18Doors are employees responsible for fundraising, creating digital content about interfaith inclusion and running a referral service to connect interfaith families and clergy. That service, which the organization says reached 2,000 families a year, remains operational, Beijen said, but “to a lesser degree.”
She said the budget crunch was complex and had come as a surprise. She cited in particular the squeeze felt by nonprofits like 18Doors in recent years as foundations and donors shifted their giving priorities toward Israel and fighting antisemitism.
“We were kind of caught off guard by the severity of our funding issues,” Beijen said. “It’s a myriad of causes that are sort of short, medium and long term, and we ended up just getting caught in this storm.”
Jodi Bromberg stepped down as CEO in 2024 after helming the organization for a decade, including during its 2020 rebrand from InterfaithFamily. The organization hired a search firm to find her replacement and a consulting firm to help draw up a strategic plan, which Beijen said it had been “on the cusp” of announcing before instead sharply contracting.
A delayed annual gift also scrambled budget planning, Beijen said, with a gap of just a few months sending the organization into a financial crisis. 18Doors declined to identify the donor or the size of the gift.
The nonprofit has raised $2 to 3 million a year in recent years and spent all of that or more, according to its filings with the IRS. Its significant donors have included the Marcus Foundation and Combined Jewish Philanthropies, the Jewish federation in Boston, where 18Doors is based. The Marcus Foundation and CJP did not respond to requests for comment.
In a statement emailed to the 18Doors community and posted on social media last week, the nonprofit wrote, “The Board has since secured necessary funding to stabilize the organization in the short term.”
Jewish philanthropic giving has changed since the Hamas attack on Israel on Oct. 7, 2023, with many donors choosing to focus on pro-Israel giving and causes that address antisemitism.
In December, the Shabbat dinner nonprofit OneTable laid off a quarter of its staff, citing donors’ funding priorities. The group is adapting its programming to include more Israel content.
At the recent Jewish Funders Network international conference, speakers, funders and philanthropy executives put a heavy emphasis on giving toward Israel and antisemitism-related issues, according to video and recaps of the conference.
Activists and educators in other areas say that while Israel and antisemitism are important issues, other causes are being left behind.
Founded in 2001, 18Doors says its mission is to encourage mixed-heritage families to engage in Jewish life, while encouraging Jewish communities and clergy to become more welcoming and inclusive.
18Doors’ vision of inclusion for interfaith families has grown closer to reality in the decades since its launch. In 2001, a Pew survey found that half of Jews who married in the previous 10 years had married non-Jews. Two decades later, in 2021, it found that the rate for marriages in the last decade had risen to 61%. Most children of the couples were being raised Jewish, the survey found, with participation in synagogue life and Jewish institutions common.
Two major seminaries recently began admitting students who are in relationships with people who are not Jewish, saying that they wanted to ordain rabbis who match the communities they serve. And in December, while continuing to prohibit intermarriages performed by its rabbis, leaders of the Conservative Movement formally apologized for decades of discouraging intermarriage between Jews and non-Jews and vowed to create new opportunities for inclusion in Conservative synagogues.
But advocates for interfaith families say much more needs to be done.
“The idea that being warm and welcoming is sufficient is false. There’s much more to learn and to do,” said Keren McGinity, an interfaith educator and scholar. “18Doors is important because they are part of the work that gets done, including training clergy.”
McGinity has her own experience with layoffs in the interfaith inclusion space. She was the interfaith specialist at the United Synagogue of Conservative Judaism before her position was eliminated last year.
She said she is optimistic that 18Doors’ financial crunch will be temporary — but she said she believed the Jewish philanthropic landscape needs to change nonetheless.
“What concerns me is that there should be more funding channeled towards engaging interfaith couples and families,” McGinity said.
Though no other institution has quite the national reach that 18Doors has, other organizations addressing some aspects of interfaith family life include the children’s Jewish literacy program PJ Library; Embark at Mem Global, a program for interfaith and mixed-heritage couples in their 20s and 30s; and Honeymoon Israel, which provides trips to Israel for “young couples of all backgrounds.”
Beijen said 18Doors is aiming to preserve its flagship 18-month clergy program, the Rukin Rabbinic Fellowship, which provides training for spiritual leaders who work with interfaith families.
Bromberg, the group’s former CEO, says 18Doors serves families like hers: Her wife is Catholic and they have children together. Now a consultant helping other nonprofits, she said the cuts at 18Doors signify both a crushing loss and a pressing question.
“These are long time, long-tenured staff. The Jewish community as a whole will lose the institutional knowledge and the relationships that it’s had through 18Doors, through the laying off of those staff,” she said.
Bromberg added, “The question it leaves in the minds of families like mine is: Whose priority are mixed-heritage and interfaith families in Jewish life?”
The post National support group for interfaith Jewish families guts staff amid funding crisis appeared first on The Forward.
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Jewish groups condemn Trump’s threat that a ‘whole civilization will die’ in Iran
(JTA) — Jewish groups were among those criticizing President Donald Trump and accusing him of using genocidal rhetoric on Tuesday after Trump posted online that “a whole civilization will die tonight” if Iran does not reopen the Strait of Hormuz.
“A whole civilization will die tonight, never to be brought back again,” wrote Trump in a post on Truth Social. “I don’t want that to happen, but it probably will. However, now that we have Complete and Total Regime Change, where different, smarter, and less radicalized minds prevail, maybe something revolutionarily wonderful can happen, WHO KNOWS?”
The president’s comments came hours before his 8 p.m. deadline for Iran on Tuesday to reach a deal to reopen the Strait of Hormuz, and were met by swift condemnation by a group of Senate Democrats, including Minority Leader Chuck Schumer.
“We speak today with one voice and one purpose: to condemn President Trump’s threat to extinguish an entire civilization,” Schumer wrote in a joint statement. “This is not strength. Intentionally destroying the power, water or basic infrastructure upon which tens of millions of civilians depend to punish the very civilians who suffer at the hands of the Iranian regime would constitute a war crime, a betrayal of the values this nation was founded on and a moral failure.”
Amy Spitalnick, the CEO of the Jewish Council for Public Affairs, condemned the president’s remarks, saying in a statement that there were “simply no words to describe the danger of a U.S. president openly threatening to erase an entire civilization.” She alluded to Jews’ history of facing genocidal leaders in her comments.
“Make no mistake: the president’s threats are deeply reprehensible to us as Jews and as Americans, and must be condemned by all leaders – regardless of their stance on the war with Iran,” Spitalnick said. “We know what it means when leaders call for communities and populations to be wiped out.”
Spitalnick was not the only Jewish leader to weigh in. Jeremy Ben-Ami, the president of the liberal pro-Israel lobby J Street, said in a statement that the group was “appalled by President Trump’s heinous remarks.”
“This language – a threat to carry out war crimes – is a searing violation of Jewish and American values, certainly will not lead to the de-escalation we desperately need and is a terrifying example of the senseless violence that has characterized Trump’s leadership,” Ben-Ami said, calling on Congress and the Cabinet to “do everything in their power to restrain and remove him.”
Other progressive Jewish groups and leaders accused Trump of promoting genocide, including Bend the Arc: Jewish Action, which wrote in a post on Instagram, “This is not strength. This is not safety. This is a call for genocide.”
Timothy Snyder, a historian of the Holocaust, also leveled the accusation against the president in a Substack post published on Tuesday titled “The president speaks genocide.”
“To bomb a bridge or a dam or a power plant or a desalinization facility, very likely a war crime in any event, could very well have a different legal significance, a genocidal one, if it takes place after the expression of genocidal intent by the commander and head of state,” Snyder wrote.
For some Jews, the president’s looming deadline for Iran carried added significance as it came during the final days of Passover — and as Iran continued to barrage Israel with missiles.
“Tonight, I pray that the Pharaohs who insist on our demise recognize the harm that they may bring on themselves,” Rabbi Arie Hasit, associate dean of the Schechter Rabbinical Seminary in Israel, wrote on Facebook. “That they recognize that Iran can put aside its insistence that Israel must be destroyed and that they can make the necessary steps to end this war.”
“And I pray that if they are overcome by Pharaoh, that no leader try to play the part of God,” Hasit continued. “That in the name of my future, we do not wipe out any civilization. That we understand that even the worst of enemies does not justify the use of the fiercest of our power.”
The post Jewish groups condemn Trump’s threat that a ‘whole civilization will die’ in Iran appeared first on The Forward.
