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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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Rep. Ilhan Omar says Stephen Miller’s comments on immigrants sound like how ‘Nazis described Jewish people’
Rep Ilhan Omar, Democrat of Minnesota, on Sunday likened the Trump administration’s immigration rhetoric to Nazi depictions of Jews.
“It reminds me of the way the Nazis described Jewish people in Germany,” Omar said in an interview on CBS’s Face the Nation, commenting on a social media post by Stephen Miller, President Donald Trump’s senior adviser, in which he suggested that “migrants and their descendants recreate the conditions, and terrors, of their broken homelands.” Miller, who is Jewish, is the architect of the Trump administration’s immigration policy.
Omar called Miller’s comments “white supremist rhetoric” and also drew parallels between his characterization of migrants seeking refuge in the U.S. to how Jews were demonized and treated when they fled Nazi-era Germany. “As we know, there have been many immigrants who have tried to come to the United States who have turned back, you know, one of them being Jewish immigrants,” she said.
Now serving as Trump’s deputy chief of staff for policy, Miller is central to the White House’s plans for mass deportations and expanded barriers to asylum. During Trump’s first term, Miller led the implementation of the so-called Muslim travel ban in 2017, which barred entry to the U.S. for individuals from Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen, and pushed to further reduce a longtime refugee program.
Rep. Ilhan Omar: “When I think about Stephen Miller and his white supremacist rhetoric, it reminds me of the way the Nazis described Jewish people in Germany.” pic.twitter.com/GAjIMqFq26
— Aaron Rupar (@atrupar) December 7, 2025
Miller’s comments echoed similar rhetoric by Trump after an Afghan refugee was accused of shooting two National Guard members near the White House last month, killing one.
Trump told reporters at a cabinet meeting last week that Somali immigrants are “garbage” and that he wanted them to be sent “back to where they came from.” The president also singled out Omar, a Somali native who represents Minnesota’s large Somali-American community. “She should be thrown the hell out of our country,” Trump said.
In the Sunday interview, Omar called Trump’s remarks “completely disgusting” and accused him of having “an unhealthy obsession” with her and the Somali community. “This kind of hateful rhetoric and this level of dehumanizing can lead to dangerous actions by people who listen to the president,” she said.
The post Rep. Ilhan Omar says Stephen Miller’s comments on immigrants sound like how ‘Nazis described Jewish people’ appeared first on The Forward.
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Nigeria Seeks French Help to Combat Insecurity, Macron Says
French President Emmanuel Macron at the Elysee Palace in Paris, France, Sept. 15, 2025. Photo: REUTERS/Benoit Tessier/Pool
Nigerian President Bola Tinubu has sought more help from France to fight widespread violence in the north of the country, French President Emmanuel Macron said on Sunday, weeks after the United States threatened to intervene to protect Nigeria’s Christians.
Nigeria, Africa’s most populous country, has witnessed an upsurge in attacks in volatile northern areas in the past month, including mass kidnappings from schools and a church.
US President Donald Trump has raised the prospect of possible military action in Nigeria, accusing it of mistreating Christians. The government says the allegations misrepresent a complex security situation in which armed groups target both faith groups.
Macron said he had a phone call with Tinubu on Sunday, where he conveyed France’s support to Nigeria as it grapples with several security challenges, “particularly the terrorist threat in the North.”
“At his request, we will strengthen our partnership with the authorities and our support for the affected populations. We call on all our partners to step up their engagement,” Macron said in a post on X.
Macron did not say what help would be offered by France, which has withdrawn its troops from West and Central Africa and plans to focus on training, intelligence sharing and responding to requests from countries for assistance.
Nigeria is grappling with a long-running Islamist insurgency in the northeast, armed kidnapping gangs in the northwest and deadly clashes between largely Muslim cattle herders and mostly Christian farmers in the central parts of the country, stretching its security forces.
Washington said last month that it was considering actions such as sanctions and Pentagon engagement on counterterrorism as part of a plan to compel Nigeria to better protect its Christian communities.
The Nigerian government has said it welcomes help to fight insecurity as long as its sovereignty is respected. France has previously supported efforts to curtail the actions of armed groups, the US has shared intelligence and sold arms, including fighter jets, and Britain has trained Nigerian troops.
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Netanyahu Says He Will Not Quit Politics if He Receives a Pardon
Israeli Prime Minister Benjamin Netanyahu participates in the state memorial ceremony for the fallen of the Iron Swords War on Mount Herzl, Jerusalem on Oct. 16, 2025. Photo: Alex Kolomoisky/POOL/Pool via REUTERS
Israeli Prime Minister Benjamin Netanyahu said on Sunday that he would not retire from politics if he receives a pardon from the country’s president in his years-long corruption trial.
Asked by a reporter if planned on retiring from political life if he receives a pardon, Netanyahu replied: “no”.
Netanyahu last month asked President Isaac Herzog for a pardon, with lawyers for the prime minister arguing that frequent court appearances were hindering Netanyahu’s ability to govern and that a pardon would be good for the country.
Pardons in Israel have typically been granted only after legal proceedings have concluded and the accused has been convicted. There is no precedent for issuing a pardon mid-trial.
Netanyahu has repeatedly denied wrongdoing in response to the charges of bribery, fraud and breach of trust, and his lawyers have said that the prime minister still believes the legal proceedings, if concluded, would result in a complete acquittal.
US President Donald Trump wrote to Herzog, before Netanyahu made his request, urging the Israeli president to consider granting the prime minister a pardon.
Some Israeli opposition politicians have argued that any pardon should be conditional on Netanyahu retiring from politics and admitting guilt. Others have said the prime minister must first call national elections, which are due by October 2026.