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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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At Chabad Hanukkah party in California, hours after Bondi Beach massacre, joy defied grief’s shadow
PACIFIC PALISADES, CALIFORNIA – A familiar sight at public gatherings, especially Jewish ones — young men in Hasidic garb wrapping black leather tefillin straps around the arms of strangers — felt different here Sunday evening as Rabbi Shimon Goldberg helped Rick Entin fulfill the commandment at a Hanukkah block party in the Palisades. The mitzvahs of tefillin and lighting candles had become acts of defiance and joy as the gathering grieved the 15 people killed at a Chabad Hanukkah event in Sydney.
The attack cut deeply in the close-knit Chabad community, whose brand — and vulnerability — lies in the proud public practicing of Jewish rituals. Some of them were personally connected to Rabbi Eli Schlanger, the Chabad emissary who had organized the Sydney event, and died in the attack.
Yet they were celebrating Hanukkah on Sunday with a group that knew something about resilience: 11 months earlier, the Palisades fire tore through this area, destroying thousands of homes, including Entin’s just up the street. For many, the Hanukkah event was the first time they had been in Jewish community in the Palisades since the inferno. This was the occasion the Palisades Chabad — whose campus was damaged in the fire — had planned to commemorate, and from which its leaders would not be deterred.

“Whoever was strategizing this terrorist attack, they want the Jews not just in Sydney, but even in Los Angeles to fear showing up for a Hanukkah event,” said Goldberg, head of a local Chabad-affiliated nonprofit, as he placed a tefillin box atop Entin’s forehead. “This we won’t allow them to do.”
The 38th annual Palisades candlelighting was always going to be bittersweet; many there remained displaced by the fire, and some remain unsure whether they will rebuild. Jewish leaders who planned the event said they did not need to change the program due to the terrorist attack — it was already about celebration in the face of loss.
So, too, is Hanukkah, a holiday that tells of a miraculous jug of oil found amid great ruin. And both Chabad and Kehillat Israel, a Reconstructionist synagogue in the Pacific Palisades that co-sponsored the event, had, miraculously, found the spark on an otherwise gloomy day.
Overlooking the street that had been blocked off for the event were vacant lots where homes had stood a year earlier. But melancholy was hard to come by as one walked through the teeming masses at the event. Kids sat for glitter tattoos and balloon animals; lines snaked for latkes and jelly donuts and hot chocolate, all free. Old friends exchanging long-overdue hugs could be heard saying I’m so sorry about your house. On stage before the candlelighting, a gaggle of youngsters delivered a spirited rendition of “I’m a little latke.”
“It’s almost like the Maccabees,” said Chayim Frenkel, Kehillat Israel’s longtime cantor. “They went into the Temple, cleaned it up, found the menorah, found the oil. And surrounded by the rubble of what the Greeks did, we brought light and hope.”
The Palisades Chabad members in attendance were putting on a doubly brave face: The fire had damaged part of the school on the campus of Chabad of Pacific Palisades, according to Rabbi Zushe Cunin, its director. Classes have still not returned to the building.
“It’s been hard,” Cunin said. “So much trauma, a lot of people have not resolved things, their house, their insurance, their struggles. But Hanukkah is a time to rise above that. Tonight is about strengthening our resolve.”
Cunin’s son, Mordechai, was among the group channeling that resolve through tefillin. The mitzvah — which is required only of Jewish men — was one the late Rabbi Menachem Mendel Schneerson, the last Lubavitcher Rebbe, had implored his followers to promote in order to hasten the arrival of the Messiah. Mordechai and his yeshiva buddies reported having wrapped at least 10 men that day, including three first-time wearers.
It was not lost on the tefillin crew that Schlanger — whose nephew is Mordechai’s classmate — died doing what they were doing now — helping Jewish people from all walks of life connect to Judaism. But to Goldberg, that was only reason to lean in.
“When someone leaves this physical world, their soul is still there, but they can’t do mitzvos,” Goldberg said. “When we think of Rabbi Eli, we are his hands and feet. He can’t put on tefillin today — but we can put on tefillin for him.”
The post At Chabad Hanukkah party in California, hours after Bondi Beach massacre, joy defied grief’s shadow appeared first on The Forward.
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In the fight against K-12 antisemitism, we are grateful for allies – but are not afraid to call out antisemitism when we see it
Recent articles in the Forward spotlighted important conversations around combating K-12 antisemitism that took place at the Jewish Federations of North America’s General Assembly, but missed critical distinctions about our commitment to working with partners throughout the K-12 space and our stance on teachers’ unions. In particular, they ignored the distinction between the two largest teachers’ unions in the US – the National Education Association (NEA) and the American Federation of Teachers (AFT).
Federations throughout North America work closely with educators and educational leadership. We are grateful to the many educators committed to doing right by their students and by the Jewish community, and to our many allies in the education space – including the AFT, led by Randi Weingarten, and its New York affiliate, the UFT, which recently partnered with the Jewish Community Relations Council of New York on a curriculum and training about Jewish Americans.
We are committed to ensuring teachers have access to the content and knowledge they need to accurately educate about Jewish communities, Israel and antisemitism and to provide safe learning environments for Jewish students. Increasingly, however, we also see instances of organizations and individuals encouraging teachers to use materials and trainings that seek to disconnect educators from those positive resources, or worse, to provide resources that harm Jewish students and foster classroom antisemitism.
Some union spaces have become toxic even for Jewish teachers. The recent debate at the NEA’s Representative Assembly about boycotting the ADL, as well as a union resource guide linking to a third-party source erasing Israel off the map and sympathizing with the Holocaust, were shocking. We are grateful that NEA leadership vetoed the boycott resolution and apologized for the link, but we are reminded of the need for vigilance and organizing so that this type of resource is not recommended – even inadvertently – to educators. We stand ready to work with the NEA to help ensure that biased and ultimately harmful teaching materials are legitimized.
Both nationally and at the local level, Federations are proud of the educational partnerships that make our schools better and stronger. We are grateful every day to the educators who teach our children and seek out accurate information and ways to teach critical thinking that enable the foundation of our future democracy – and our safety within it. We are eager for additional partners and partnerships. But at the same time, we will not stand by when antisemitism is enabled in the classroom.
Our commitment is to promote policies and actions that enable Jewish children and teachers to be safe in school and take pride in their identity, and to ensure that Jewish identity, culture and resilience are celebrated and accurately taught.
The post In the fight against K-12 antisemitism, we are grateful for allies – but are not afraid to call out antisemitism when we see it appeared first on The Forward.
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Her daughter left the Bondi Beach Hanukkah celebration just before the shooting, then asked, ‘Mommy, why do they hate us so much?’
The daughter of an American expatriate living about two miles from the mass killing at a Hanukkah celebration in suburban Sydney, Australia, escaped the carnage by coming home to change clothes, her mother said.
“She’d been there earlier that afternoon, on the bridge where they were shooting. She came home, changed her clothes, and was getting ready to go again,” said Michelle Stein-Evers, a former Los Angeles resident and a co-founder of the Alliance of Black Jews in 1995.
“She and her friends were on their way back to Bondi to go to the party and have something to eat, and they were stopped by the police,” Stein-Evers said. “She found out why, and she started calling everyone to let us know. Her best friend’s cousin was killed. Another best friend’s cousin was shot in the leg.”
Her daughter, who is 22, had previously locked down her Facebook account out of privacy concerns and requested that her name not be used. As the massacre unfolded Sunday, she turned to social media to search for information.
“‘Oh my God, there’s bodies everywhere,’” Stein-Evers said her daughter told her.
She also asked where her father was, amid rumors — later proven untrue — that the neighborhood where he had gone to play tennis was also affected.
Stein-Evers said the events were unfolding within minutes of their home, where she was alone after her daughter headed back toward the beach.
“It was scary. It was nothing but sirens — sirens and sirens — and helicopters,” she said.
Stein-Evers said she knew the first victim publicly identified among the dead, Rabbi Eli Schlanger, who helped organize the celebration.
“He was, by consensus, one of the nicest guys in the Jewish community in Sydney,” she said.
Antisemitic incidents have been rising in Sydney and across Australia since the Hamas attack on Israel on Oct. 7, 2023, Stein-Evers said, adding that her daughter stopped attending the prestigious University of Sydney because of campus protests.
“She was constantly being heckled, asked, ‘Where are you from? Are you Jewish? Are you an Arab? Why aren’t you with us?’” Stein-Evers said. Her daughter would not respond to the questions and eventually enrolled in distance learning through a college in Melbourne.
Stein-Evers, who has lived in the Middle East — including in Muslim-majority countries — as well as Europe and the United States, said she now has concerns about her own safety.
“I was never scared to be a Jew in America. I was never scared in Germany,” she said — a fear she said is now shared by her daughter.
“When she came home last night, she was in tears,” Stein-Evers said. “‘Mommy, why do they hate us so much?’”
The post Her daughter left the Bondi Beach Hanukkah celebration just before the shooting, then asked, ‘Mommy, why do they hate us so much?’ appeared first on The Forward.
