Connect with us

Uncategorized

ESPN broadcaster Chris Berman among International Jewish Sports Hall of Fame’s 11 inductees for 2023

(JTA) — Renowned broadcaster Chris Berman and a German Jew who once said hockey “saved me and my family from the Holocaust” are among the International Jewish Sports Hall of Fame’s annual class of inductees.

The 2023 class, shared exclusively with the Jewish Telegraphic Agency, includes athletes and sports figures from across sports and around the world — from water polo to fencing, and from the United States to Hungary.

Jed Margolis, president of the hall of fame, told JTA that the 11 inductees were selected from a list of 150 nominees submitted through an open process throughout the past year. A confidential election committee of around 20 athletes, past award winners and sports experts voted on a smaller list of approximately 30 finalists.

“I’m first of all impressed with how there’s no shortage of qualified people — world record holders, people who’ve been at the highest level of their sport and voted into their particular sport hall of fame,” Margolis said. “You would think that we may run out of people, but we’re getting great nominations all the time.”

Margolis added that honoring Jewish athletes can help push back against stereotypes that Jews may not be athletic — most infamously depicted in the 1980 film “Airplane!”

“If you take a look at the numbers of who we represent worldwide, what are we, about 0.02% of the world population, and we’ve won about 0.03% of the Olympic medals. So we’re boxing above our weight, so to speak,” Margolis said.

The 2023 class brings the hall’s total to 448 members since its inauguration in 1981. Shoe designer and Maccabiah athlete and philanthropist Stuart Weitzman is also being honored, as are the recently retired editors of the Jewish Sports Review magazine.

The Hall, which is housed at the Wingate Institute for Physical Education and Sport in Netanya, Israel, will recognize this year’s honorees at its next induction ceremony in July 2025. Inductees are announced annually, but the ceremony itself is held every four years, when the Maccabiah Games take place.

For now, here’s what you need to know about this year’s honorees.

Rudi Ball, ice hockey

Rudi Ball, center, scores a goal in December 1931. (ullstein bild via Getty Images)

A member of the International Ice Hockey Hall of Fame, Ball (1911-1975) was one of two Jewish athletes to represent Germany at the 1936 Winter Olympics, held in Germany six months before the Berlin summer games that drew the world’s attention to Adolf Hitler’s Nazi regime.

During Ball’s playing career, which spanned from 1928 to 1952, the right winger won eight German championships and a bronze medal in the 1932 Winter Olympics in Lake Placid.

When the German Olympic Committee threatened to remove Ball from the team because he was Jewish, his teammates threatened to boycott the Games. According to The Guardian, Ball may have struck a deal with the Nazi regime, agreeing to play for Germany if his parents were allowed out of the country. He later said, “I am the one who owes hockey. It saved me and my family from the Holocaust.”

Chris Berman, broadcaster

ESPN anchor Chris Berman speaks during the Pro Football HOF Centennial Class of 2020 enshrinement ceremonies in Canton, Ohio, Aug. 7, 2021. (MSA/Icon Sportswire via Getty Images)

Award-winning broadcaster Chris Berman has been an anchor for ESPN’s flagship program “SportsCenter” since 1979, a month after it launched. Berman, 67, has primarily been the face of the network’s football coverage, but he has also anchored the U.S. Open golf tournament and the NHL Stanley Cup Finals and has done play-by-play for Major League Baseball games as well.

Nicknamed “Boomer,” Berman was raised in a Jewish family in Irvington, New York. He is a six-time recipient of the National Sportscasters and Sportswriters Association’s National Sportscaster of the Year award, an inductee of the Sports Broadcasting Hall of Fame and has his own star on the Hollywood Walk of Fame.

David Blatt, basketball

David Blatt coaching during a Turkish Airlines Euroleague match between the Olympiacos and Bayern Munich in Athens, Greece, March 19, 2019. (Ayhan Mehmet/Anadolu Agency/Getty Images)

David Blatt is a decorated former basketball player, coach and executive whose career has included playing at Princeton University; professional basketball leagues in Israel, Italy, Russia, Turkey and Greece; and a stint as head coach of the NBA’s Cleveland Cavaliers.

Blatt, 63, who was born in Boston and grew up attending a Reform synagogue, moved to Israel in 1981, where he served in the military and played professionally for more than a decade before turning to coaching.

Blatt won championships and coaching accolades throughout his career, and has also played in the Maccabiah Games and coached in the Olympics. He led the Cavaliers to the 2015 NBA Finals in his first season as coach, and received a ring for the team’s championship the following year, despite being fired halfway through the season.

Deena Kastor, track & field

Deena Kastor attends an ASICS event, Feb. 27, 2020. (Carmen Mandato/Getty Images for ASICS)

A Boston-area native, Deena Kastor is an eight-time national champion in cross country who won a bronze medal at the 2004 Olympics and holds U.S. records for the 10-mile, 15-kilometer and 8-kilometer women’s road races. She previously held the U.S. record for women’s marathon and half marathon.

Kastor, 49, is a member of the National, New York and Southern California Jewish Sports Halls of Fame, and has also earned various honors from USA Track & Field.

Ilona Elek-Schacherer, fencing

The Hungarian fencer Ilona Elek-Schacherer wins in foil fencing during the Olympic Games, Aug. 1936. (Austrian Archives/Imagno/Getty Images)

Born in Budapest to a Jewish father and Catholic mother, Ilona Elek-Schacherer (1907-1988) would go on to become perhaps the greatest woman fencer of all time.

Elek-Schacherer competed in three Olympics for Hungary between 1936 and 1952, winning two gold medals and one silver medal. She also won 10 gold medals, five silver medals and two bronze medals in World Championships spanning 1934 to 1956. (It is unclear how she spent the war years.)

She won more international fencing titles than any other woman.

John Frank, football

John Frank, center, during a game at Candlestick Park on Dec. 7, 1990, in San Francisco, California. (Andrew D. Bernstein/Getty Images)

John Frank is a two-time Super Bowl champion tight end with the San Francisco 49ers who has enjoyed a successful second career as an otolaryngologist (ear, nose and throat doctor) with a focus on hair restoration surgery.

Frank, 60, also played football at Ohio State University, where he set a school record for receptions by a tight end and was twice honored as an Academic All-American. He was the team’s most valuable player his senior year.

Frank also co-founded the Israeli bobsled team and is a member of the Ohio State Athletic Hall of Fame, the National Jewish Sports Hall of Fame and the Western Pennsylvania Jewish Sports Hall of Fame.

Merrill Moses, water polo

Merrill Moses during a match between the United States and Russia in Kazan, Russia, July 27, 2015. (Streeter Lecka/Getty Images)

Merrill Moses is a three-time Olympic water polo goalkeeper who earned a silver medal at the 2008 Beijing Olympics and won the 1997 NCAA water polo championship with Pepperdine University.

Moses, 45, also played for the U.S. team in the 2012 and 2016 Olympics, and won gold medals at three Pan American Games in 2007, 2011 and 2015. He was inducted into the USA Water Polo Hall of Fame in 2021 and is also a member of the Southern California Jewish Sports Hall of Fame.

Moran Samuel, rowing

Moran Samuel competes during the 2022 World Rowing Championships in Racice, Czech Republic, Sept. 21, 2022. (Adam Nurkiewicz/Getty Images)

Moran Samuel is an Israeli world champion paralympic rower and basketball player. After suffering a spinal stroke in 2006, Samuel became paralyzed in her lower body.

Samuel, 40, played for Israel in the 2013 European Wheelchair Basketball Championship in Frankfurt. As a rower, she represented Israel at the Paralympic Games in 2012, 2016 and 2020. She won bronze and silver medals, respectively, in the latter two tournaments. Samuel also won a gold medal at the 2015 World Rowing Championships.

In 2012, Samuel won a race in single scull competition at a rowing tournament in Italy, but the event organizers were unable to play the Israeli national anthem — so she sang it herself.

Mordechai Spiegler, soccer 

Mordechai Spiegler, far left, and the Israeli national soccer team lines up before a friendly match against Australia, May 25, 1970, in Mexico City. (Staff/AFP via Getty Images)

Considered among the best Israeli soccer players ever, Mordechai Spiegler’s crowning achievement was helping Israel qualify for the 1970 FIFA World Cup, the last time the country did so. He scored Israel’s only World Cup goal in history.

Spiegler, 78, was captain of the Israeli Olympic team that reached the quarterfinals at the 1968 Mexico City Olympics, and his 32 national team goals were a record until 2021. Spiegler also coached for many years in Israel. He is a member of the Israeli Football Hall of Fame.

Outside of Israel, Spiegler played for the vaunted Paris Saint-Germain club and for the New York Cosmos of the North American Soccer League, where he was teammates with the Brazilian soccer legend Pelé, who died last month.

Dwight Stones, track & field

Dwight Stones competes in the men’s high jump final during the 1984 United States Olympic Track and Field Trials in Los Angeles, June 1984. (David Madison/Getty Images)

Los Angeles native Dwight Stones is a two-time Olympic bronze medalist in high jump, including at the 1972 Munich Olympics, which was marred by the terrorist attack that killed 11 members of the Israeli delegation.

Stones, 69, won 19 national championships in his 16-year career, and still holds multiple world records. In 1984, he became the first athlete to both compete and be an announcer at the same Olympics. He has since served as a television analyst, including at the 2008 Summer Olympics.

Stones is a Maccabiah Games alum and is a member of the U.S. Track Hall of Fame, the California Sports Hall of Fame and the Orange County Jewish Sports Hall of Fame.

Ariel Ze’evi, judo

Israel’s Arik Ze’evi in action against France’s Frederic Demontfaucon in the Men’s -100kg class in Beijing, 2008. (Tony Marshall/PA Images via Getty Images)

Ariel Ze’evi is a retired Israeli judo champion.

Nicknamed “Arik,” the 45-year-old Bnei Brak native won a bronze medal at the 2004 Olympics as well as four European championships and a silver medal at the 2001 World Championships.

He also competed in the 1997 Maccabiah Games, two International Judo Federation Grand Slams (including a 2011 win) and two IJF Grand Prix.

Other honorees

Stuart Weitzman served as the U.S. team’s flag bearer. (Courtesy Maccabi USA)

The IJSHOF is also honoring shoe designer Stuart Weitzman with its lifetime achievement award and longtime co-editors of the Jewish Sports Review Ephraim Moxson and Shel Wallman with an award of excellence.

Weitzman is a Maccabiah pingpong medalist who has supported Maccabi USA with millions of dollars of support.

Moxson and Wallman recently concluded a 25-year run producing the Jewish Sports Review, a bimonthly magazine identifying Jewish athletes from college through professional sports.


The post ESPN broadcaster Chris Berman among International Jewish Sports Hall of Fame’s 11 inductees for 2023 appeared first on Jewish Telegraphic Agency.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Uncategorized

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.

Continue Reading

Uncategorized

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/.

Continue Reading

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.

Continue Reading

Copyright © 2017 - 2023 Jewish Post & News