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Eric Adams wants to combat hate in NYC through interfaith dinners. Can that accommodate Orthodox Jews?

(New York Jewish Week) — Mayor Eric Adams is famous for his love of the city’s nightlife, and that mood was on display last Thursday as he hobnobbed with more than 100 people at the 40/40 Club, an upscale bar and restaurant in the Barclays Center, while dining on lamp-warmed samosas and chicken skewers.

The gathering came with a goal: to jumpstart a program, called “Breaking Bread, Building Bonds,” that aims to bring together leaders of the city’s diverse ethnic and religious communities over food. The attendees, mostly city workers and nonprofit employees, were there to experience what such a dinner could feel like, and to learn how to host one of their own.

“We are going to finish with 1,000 dinners,” Adams said, speaking to the crowd. “Ten thousand people will become ambassadors for our city. Then those 10,000 people will branch out and do their dinners, turn into 100,000. We will continue to multiply until this city becomes a beacon of possibility.” 

The dinner initiative was conceived with the Jewish community at its center — launching at a JCC in partnership with one of the city’s biggest Jewish nonprofits. Now, it faces an additional hurdle: Engaging the large haredi Orthodox communities in Brooklyn that have experienced a series of street attacks — and that observe a set of strict religious laws surrounding food that could hinder their participation in some interfaith meals.

Some haredi New Yorkers have attended the “Breaking Bread” dinners, and members of at least one large Hasidic community are planning to host one of the meals. But other haredi activists in the city told the New York Jewish Week that they’re skeptical the program can be sufficiently sensitive to their dietary and religious restrictions, which include close adherence to kosher laws and, for some, gender separation at public events.

The first catalyst dinner for New York City Mayor Eric Adam’s ‘Breaking Bread, Building Bonds’ initiative was held at Barclays Center on Thursday, March 2. (Jacob Henry)

Speaking on the sidelines of last week’s dinner, Adams said the initiative does account for the needs of observant Jews. When he held similar dinners as Brooklyn borough president in 2020, he said, the meals were always “considerate of Shabbos.”

“We allow the dinners to happen throughout the week,” Adams told the New York Jewish Week. “Those who can’t come on a Friday night or until sundown, we do that. If they eat kosher, we do that. We keep the meals simple, nothing complicated, so that everyone can feel at home at the same time.” 

But the event where Adams was speaking did not, in fact, include kosher food, according to Rabbi Shlomo Nisanov, who leads Kehilat Sephardim of Ahavat Achim, a Bukharian community synagogue in Kew Gardens Hills, Queens.

“It was a mistake,” Nisanov said. “I didn’t eat the food, I only had the drinks. I was complaining about it.” 

However, three of the dinners hosted so far have been certified kosher, and many local Jewish activists — including Orthodox leaders — said they support the initiative and believe it can accommodate a broad portion of the city’s Jewish spectrum. 

Devorah Halberstam, an adherent of the Chabad-Lubavitch Hasidic movement and longtime campaigner against antisemitism, said she plans to host a dinner in the future. 

“It’s actually not that complicated,” said Halberstam, who serves as director of foundation and government at the Jewish Children’s Museum in Brooklyn. “You invite people to a table and you have conversations. If it’s Muslims, we’ll have halal stuff covered. Kosher food is in another setting. Ultimately, it ends up working.” 

The initiative aims to hold 1,000 dinners across the city that bring together community leaders in the hope that eating together will foster mutual understanding that will trickle down to rank-and-file New Yorkers of different backgrounds. At the kickoff event at the Marlene Meyerson JCC on the Upper West Side in late January, Adams called the dinners a “potent weapon” against hate.

Breaking Bread is supported by multiple city agencies and Jewish organizations, including the UJA-Federation of New York; the Jewish Community Relations Council of New York; The People’s Supper, a non-profit that facilitates meals between people of different identities that began holding similar dinners in 2017; and the New York City Office of the Prevention Of Hate Crimes, which is overseen by the mayor. UJA is partially funding the program by reimbursing up to $150 per dinner. 

The Adams administration, and organizations supporting Breaking Bread, declined to provide key pieces of information about the initiative, including a budget, list of hosts or people who had signed up or a list of scheduled dinners. 

The initiative is designed around dinners of roughly 10 people each. The host is given a guide that includes instructions on how to facilitate a dinner and sample questions to ask fellow diners. One question asks attendees to describe “a time, recent or long passed, in which you were made to feel… fully seen, heard and like you fully belonged.” 

Rabbi Bob Kaplan, who is the executive director of the Center for a Shared Society at the Jewish Community Relations Council of New York, told the New York Jewish Week that the organization is “taking this program very seriously.” 

“We will be looking to encourage as much of this as we can throughout the city,” Kaplan said. “We really think that Breaking Bread opportunities are incredible ways of bringing together leadership and community leaders to really talk to each other.” 

The few dinners hosted thus far have included religious leaders, city officials and leaders of nonprofit organizations. Anyone can sign up to host or attend a dinner via a city website. Hassan Naveed, executive director of the OPHC, told the New York Jewish Week that thus far, nearly 500 people have signed up as hosts or participants. 

“There is so much interest happening,” Naveed said. “We want this to be something that is movement-building, that brings folks together from different parts of the city, to really build a relationship between communities.” 

There have been several dinners in the weeks since Breaking Bread launched, including one that Naveed attended last month at Talia’s Steakhouse, a kosher restaurant on the Upper West Side, where the mayor himself made a brief appearance. Diners ate Jamaican cuisine, served by chef Kwame Williams, in honor of Black History Month. Other attendees ranged from a senior city official to Tenzin Tseyang, a community liaison for Queens City Councilmember Julie Won; UJA’s Rabbi Menachem Creditor and others. 

Other dinners have taken place at the Manhattan JCC and at Manhattan College, both of which were also kosher. The JCC dinner included the executive director of the New York City Anti-Violence Project and a representative of the Asian-American Foundation, in addition to Jewish leaders and cosponsors of the initiative. 

“Those who are seated around the table with one another will be able to call on one another for both simple and hard things,” said Rabbi Linda Shriner-Cahn of Congregation Tehillah in the Bronx neighborhood of Riverdale, who hosted the Manhattan College dinner. “When we strengthen our own communities, we’re more able to reach out to other communities.” 

Bringing New Yorkers together to break bread is one of the best ways we can talk through differences and defeat the pipeline of hate.

Last night’s Breaking Bread Building Bonds event at Talia’s Steakhouse on the Upper West Side did just that. pic.twitter.com/Meugkqdt7Q

— Mayor Eric Adams (@NYCMayor) February 17, 2023

Nisanov, the Bukarian rabbi from Queens, said he believes in the concept and has hosted his own dinners with neighborhood Muslim leaders. 

“We sat together at my synagogue with people from the Muslim faith because people didn’t know each other,” Nisanov told the New York Jewish Week. “Now, they know that kosher is the same as halal.” (Jewish and Muslim dietary laws are similar, but they are not the same.)

The initiative has not yet involved some large segments of the Brooklyn haredi community, including a major Satmar Hasidic organization. Moishe Indig, a prominent activist affiliated with another faction of Satmar, and a close confidante of the mayor, has also not attended. City Council member Lincoln Restler, who is Jewish and represents South Williamsburg, which is home to a large number of Satmar Jews, told the Jewish Week in a statement that he is “in touch with City Hall and eager to convene Breaking Bread gatherings” in his district.

“This is a wonderful new initiative building on the mayor’s work as borough president,” Restler said. “We will never arrest our way out of hate violence, so we need to deepen cross-cultural understanding to address our collective safety.” 

Adams does have a close relationship with the Hasidic community. The mayor appointed Joel Eiserdorfer to the role of advisor in his administration, the first Hasidic Jew to hold that title. Adams received considerable Hasidic support in his 2021 election victory. 

But despite that relationship, some Orthodox leaders and activists still have their doubts that the dinner initiative will successfully engage the haredi community.  Some spoke to the New York Jewish Week anonymously, out of a fear that their criticism could hurt their community’s relationship with the mayor. 

One Orthodox leader who works in government told the New York Jewish Week that “at this moment, it feels like this initiative doesn’t exist.”

“Personally everyone is rooting for the mayor on this,” the leader said, but he added that the initiative was “not comprehensive” in terms of reaching out to major Orthodox groups.

“Most of us haven’t heard of it,” another Orthodox community activist said. “The mayor’s head is in the right place. I’m sure this program is well-intentioned.” But he added, referring to kosher restrictions and norms of gender separation, that ”on a practical level, it’s hard to see how it will work in this community.”

He added that he believes leaders in the Hasidic community may participate, but “we don’t need to bring together leadership… We need people on the street to understand each other.”

Nisanov believes the Breaking Bread dinners can help accomplish that task by helping community leaders influence their constituents.

“It starts from the leaders and it goes down to the regular people,” he said. “It’s going to take a while, but at least when the elders do it, it will trickle down to the young.  We will have to include young people to show and explain.”

He said that there are some people within the Jewish community who “would like to live in a secluded world.”

“That’s not possible,” Nisanov said. “There will always be restrictions. God will not change. We will always have that, but we have to learn to coexist.”

Motti Seligson, a Hasidic communal leader and Chabad spokesman, told the New York Jewish Week that “there are dinners already planned in neighborhoods like Crown Heights that will certainly have participation from the Hasidic Jews.” He added, “Building these bonds is something that Mayor Adams has not only seen and experienced first hand… he also created many of them through events like the Breaking Bread dinners in Brooklyn, which he organized.”

Deborah Lauter, the inaugural director of the OPHC, said Breaking Bread “has enormous potential” but acknowledged that navigating the range of haredi groups takes time.

“There are so many different factions within the haredi community,” Lauter said. “Some will be more inclined to participate than others. There’s a lot more work to get people on the ground to know each other.”


The post Eric Adams wants to combat hate in NYC through interfaith dinners. Can that accommodate Orthodox Jews? 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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