Uncategorized
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.
Uncategorized
Suspect at Large in Brown University Shooting that Killed at Least Two, Injured Eight
Police vehicles stand near the site of a mass shooting reported by authorities at Brown University in Providence, Rhode Island, U.S., December 13, 2025. Photo: REUTERS/Taylor Coester
Police in Rhode Island were searching for a suspect in a shooting at Brown University in Providence in which two people died and eight were critically wounded at the Ivy League school, officials said.
Providence Mayor Brett Smiley told a news conference that police were still searching for the shooter, who struck at Brown’s Barus & Holley engineering building, where exams were taking place at the time. Officials said police were looking for a male dressed in black and were scouring local video cameras in the area for footage to get a better description of the suspect.
Smiley said officials could not yet disclose details about the victims, including whether they were students. He lamented the shooting.
“We are a week and a half away from Christmas. And two people died today and another eight are in the hospital,” he said. “So please pray for those families.”
Brown is on College Hill in Providence, Rhode Island‘s state capital. The university has hundreds of buildings, including lecture halls, laboratories and dormitories.
President Donald Trump told reporters at the White House that he had been briefed on the situation, which he called “terrible.”
“All we can do right now is pray for the victims and for those that were very badly hurt.”
Compared to many countries, mass shootings in schools, workplaces, and places of worship are more common in the US, which has some of the most permissive gun laws in the developed world. The Gun Violence Archive, which defines mass shootings as any incident in which four or more victims have been shot, has counted 389 of them this year in the US.
Last year the US had more than 500 mass shootings, according to the archive.
Uncategorized
Rights Groups Condemn Re-Arrest of Nobel Laureate Mohammadi in Iran
Taghi Ramahi, husband of Narges Mohammadi, a jailed Iranian women’s rights advocate, who won the 2023 Nobel Peace Prize, poses with an undated photo of himself and his wife, during an interview at his home in Paris, France, October 6, 2023. Photo: REUTERS/Christian Hartmann
International human rights groups have condemned the re-arrest of Nobel Peace Prize laureate Narges Mohammadi in Iran, with the Nobel committee calling on Iranian authorities to immediately clarify her whereabouts.
Mohammadi’s French lawyer, Chirine Ardakani, said on X that the human rights activist was arrested on Friday after denouncing the suspicious death of lawyer Khosrow Alikordi at his memorial ceremony in the northeastern city of Mashhad.
Mashhad prosecutor Hasan Hematifar told reporters on Saturday that Mohammadi was among 39 people arrested after the ceremony.
Hematifar said she and Alikordi’s brother had made provocative remarks at the event and encouraged those present “to chant ‘norm‑breaking’ slogans” and disturb the peace, the semi-official Tasnim news agency reported.
The prosecutor said Mashhad’s chief of police and another officer received knife wounds when trying to manage the scene.
CALLS FOR RELEASE
The Norwegian Nobel Committee called on Iranian authorities “to immediately clarify Mohammadi’s whereabouts, ensure her safety and integrity, and to release her without conditions.”
The European Union also called for Mohammadi’s release. “The EU urges Iranian authorities to release Ms Mohammadi, taking also into account her fragile health condition, as well as all those unjustly arrested in the exercise of their freedom of expression,” an EU spokesperson said on Saturday.
A video purportedly showing Mohammadi, 53, without the mandatory veil, standing on a car with a microphone and chanting “Long Live Iran” in front of a crowd, has gone viral on social media.
Ardakani said Mohammadi was beaten before her arrest.
Reporters Without Borders said four journalists and other participants were also arrested at the memorial for human rights lawyer Alikordi, who was found dead in his office on December 5.
Authorities gave the cause of his death as a heart attack, but rights groups have called for an investigation into his death.
The US-based Human Rights Activists News Agency said the crowd also chanted “death to the dictator,” a reference to Supreme Leader Ayatollah Ali Khamenei, as well as: “We fight, we die, we accept no humiliation.”
Mohammadi, who received the 2023 Nobel Peace Prize, has spent more than 10 years of her life in prison, most recently from November 2021 when she was charged with “propaganda against the state,” “acting against national security,” and membership of “illegal organizations.”
This year’s Nobel Peace Prize winner, the Venezuelan opposition leader Maria Corina Machado, said on Saturday that the opposition’s campaign in Venezuela was akin to that taking place in Iran.
“In Oslo this week, the world honored the power of conscience. I said to the ‘citizens of the world’ that our struggle is a long march toward freedom. That march is not Venezuelan alone. It is Iranian, it is universal,” she said on X on Saturday.
Uncategorized
Pete Hegseth Pledges Retribution After Islamist Gunmen in Syria Kills 2 US Soldiers and Civilian, Injuring 3
US Defense Secretary Pete Hegseth attends a Senate Appropriations Committee hearing on US President Donald Trump’s budget request for the Department of Defense, on Capitol Hill in Washington, DC, US, June 11, 2025. Photo: REUTERS/Elizabeth Frantz
i24 News – Two US Army soldiers and a civilian interpreter were killed in an Islamic State attack on Saturday in Palmyra, Syria, where they were supporting counterterrorism operations, the Pentagon said.
Three others were wounded, Pentagon spokesman Sean Parnell said. Defense Secretary Pete Hegseth said the attacker was killed by partner forces.
The Syrian Interior Ministry said that shooter in the deadly attack in Palmyra was a “member of the Syrian security forces who was influence by extremist ideology.”
President Donald Trump posted that “We mourn the loss of three Great American Patriots in Syria, two soldiers, and one Civilian Interpreter. Likewise, we pray for the three injured soldiers who, it has just been confirmed, are doing well.”
“This was an ISIS attack against the US, and Syria, in a very dangerous part of Syria, that is not fully controlled by them. The President of Syria, Ahmed al-Sharaa, is extremely angry and disturbed by this attack. There will be very serious retaliation. Thank you for your attention to this matter!”