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How Israel built its most talented baseball roster ever for the 2023 World Baseball Classic

MIAMI (JTA) — As Team Israel celebrated its victory over Nicaragua Sunday afternoon in its opening game of the 2023 World Baseball Classic, there was proof up and down the lineup card of a months-long recruitment process that brought together a slew of major league talent.

There was manager Ian Kinsler, a 14-year MLB veteran and four-time All-Star. Big league pitchers Dean Kremer, who started the game, plus Richard Bleier and Zack Weiss. All-Star slugger Joc Pederson, and major league catcher Garrett Stubbs, who drove in the winning run.

For Kinsler, who played a central role in putting the roster together, the victory served as validation — even if he didn’t know what some of the players actually looked like until they arrived in Miami.

“Knowing the names, and then finally seeing all the faces and everybody coming together and playing a good game yesterday was very rewarding,” Kinsler said Monday. “It was a lot of fun.”

Pulling the team together took a combination of personal cajoling, a widely respected manager, Jewish geography and an effort to tap — and ignite — the sometimes embryonic Jewish identities of players who hadn’t given much thought to how their Jewish roots and baseball prowess might be combined.

“There’s quite a few guys who really want to help Israel and feel Jewish and buy into it,” Team Israel general manager Peter Kurz told the Jewish Telegraphic Agency. “We evolve towards those players more — a player who says that he’s been to Israel, or that he’s connected to Israel. We definitely like to keep more than a player who was not connected at all, even though we try to go for the best athletes.”

The journey to assemble Team Israel, a 30-man roster composed largely of American Jewish ballplayers, half of whom have MLB experience, actually began back in 2021.

While playing for Israel’s 2020 Olympic team, Kinsler had conversations with Kurz and Israel Association of Baseball president Jordy Alter about managing the team in 2023.

“Once I developed the relationship with those two in the Olympics, it was a pretty easy decision,” Kinsler told JTA prior to the WBC. Kinsler had never managed a team before, at any level.

After he took the helm last June, Kinsler took a lead role in the team’s recruitment, working off a preliminary list of 50 players who were eligible to play for the team — meaning they were Jewish themselves, or the child or the grandchild of a Jew or married to one, and thus eligible for Israeli citizenship.

Kurz said Kinsler’s reputation around baseball was a key factor in offering him the job.

“There’s no doubt that Ian is one of the most respectable Jewish players that’s ever played the game before,” he said. “People respect him and they look up to him. Having experienced being in Israel twice, and playing for us in the Olympics, it just gives him that much more legitimization to talk to these players and ask them to come play for Team Israel.”

Kinsler is not the WBC’s only inexperienced manager who was chosen in part as a draw for players. Former players Mark DeRosa (United States), Mike Piazza (Italy) and Yadier Molina (Puerto Rico) are all managing, and Nelson Cruz is both a player on the Dominican Republic team and its general manager.

Ian Kinsler played for Team Israel at the Olympics in Tokyo after 14 MLB seasons. (Courtesy of JNF-USA)

As Kinsler began his recruitment, his first call was to Joc Pederson.

“It’s been an awesome experience,” Pederson told JTA. “I really enjoyed my time last time I played [in the 2012 WBC qualifier], and I wanted to do that again. Great group of guys.”

From there, Kurz said, he and Kinsler went down the list of Jewish major leaguers, calling each one to gauge their interest in representing Israel in the World Cup-style tournament. Given the timing of the WBC — just weeks before Major League Baseball’s Opening Day — it was largely a conversation about logistics.

“I think it wasn’t really necessarily the conversation about ‘Are you Jewish?’ Or ‘Are you eligible to play for Team Israel,’” Kinsler explained. “I think it was more of a conversation of ‘do you want to participate?’”

Pederson, who texted fellow big league players like Houston Astros star Alex Bregman and Milwaukee Brewers first baseman Rowdy Tellez (who is playing for Mexico), said health concerns and having enough time to get ready for the season were factors. New York Yankees players Harrison Bader and Scott Effross dropped out because of injuries.

And why did Pederson want to help recruit? It’s simple: “Because I like winning, and I want to win,” he said.

Israel hoped that having big-name players like Kinsler and Pederson lead the outreach efforts would pay off. While some of the game’s top Jewish stars ultimately did not join the team — namely Bregman and Atlanta Braves ace Max Fried — their work was far from fruitless, as this roster boasts the most major league experience Israel has ever had.

“I tried to get Peter to hold off as long as he could, so I could be the first one to get in touch with people,” Kinsler said. “Because I do think it helps hearing from a player.”

When making his calls, Kinsler said he shared his experience playing in the 2017 WBC with the U.S. team, plus “what kind of environment we’re trying to create for Israeli baseball.”

While navigating spring training schedules and injuries is certainly part of it, Kurz said there were many players who were excited for the opportunity to wear Israel across their jersey.

One of those players is Baltimore Orioles pitcher Dean Kremer, who was the first Israeli to be drafted into the MLB. Kremer, whose parents are Israeli, was born and raised in California, but has spent time living in Israel.

Dean Kremer pitches against Nicaragua in Israel’s first game of the 2023 World Baseball Classic, March 12, 2023, in Miami. (Courtesy Team Israel)

“Playing for Team Israel, anytime I get to put on that uniform is special for me,” Kremer said after pitching in Israel’s victory over Nicaragua. “It’s like another home. So every time I get to represent it’s one of the better feelings.”

Pederson added that the whole team “feels extremely proud.”

Ryan Lavarnway, a veteran catcher who has also played for Israel since 2017 and is seen as one of its leaders, has been vocal about how much it means to him to suit up for Israel.

“Playing for this team is super meaningful to me,” Lavarnway said after Israel’s exhibition game against the Miami Marlins. “It’s been really life changing. And I hope that this next generation of players that are new to this team takes the baton, and it means as much to them as it’s meant to us.”

One of those younger players is Toronto Blue Jays prospect Spencer Horwitz.

“Coming into this, I didn’t know what to really expect, this being my first time playing for Team Israel,” Horwitz said. “It’s living up to everything that people are saying. That environment we were just in was definitely electric.”

With reports of antisemitism on the rise in the United States, Kurz said players are more inclined to publicly identify as Jewish.

“I think a lot of these players feel, even more so, that they have to identify as being Jewish. Nobody’s trying to hide that at all,” he said.

Kurz added that Israel had an easier time recruiting top talent for the 2023 roster than in previous years, for a few reasons.

First, he said, both Team Israel and the WBC itself have gained in prominence over the past decade. For Israel, a surprising run in the 2017 WBC helped put Israeli baseball on the map, garnering excitement among both fans and potential players. And the WBC itself has grown more popular in the United States and around the world, with superstar players such as Shohei Ohtani and Mike Trout suiting up for their ancestral countries, and MLB devoting more resources to marketing the tournament.

Geography also played a role. With most of the games being played in Miami, that allowed MLB players to more easily participate, as half the league has spring training in Florida.

When trying to discover Jewish players, there’s a certain element of word-of-mouth Jewish geography that comes into play, too. No player encapsulates that better than Ty Kelly.

“It’s easy to get the Cohens and the Levys. It’s more difficult to get the Ty Kellys,” Kurz said.

Ty Kelly bats during Israel’s exhibition game against the Miami Marlins, March 8, 2023 in Jupiter, Florida. (Emma Sharon/MLB)

Kurz recalled that about seven years ago, he heard from someone on Long Island who had taken his kids to a minor league game. Kelly was signing autographs and spotted the kids’ kippahs and told them he was Jewish. They told their father, who in turn told Kurz.

“And the rest was history,” Kurz said. Kelly, who has played for Israel since the 2017 WBC, has become another one of the team’s leaders. After this WBC, he will begin his coaching career in the Seattle Mariners organization.

The WBC’s eligibility rules also allowed Israel some flexibility in recruiting. Outfielder Alex Dickerson, for example, is not Jewish, but his wife is.

“This is about creating the best team possible within the rules,” Kinsler said.

Creating the best team also meant creating a strong coaching staff.

Kinsler recruited former Israel manager Brad Ausmus, who was Kinsler’s manager in the big leagues, and former All-Star and fan favorite Kevin Youkilis, the former Boston Red Sox first baseman.

“It was easy,” Youkilis said of his decision to join the team. “Being part of this is part of my heritage, part of growing up Jewish and being bar mitzvahed and all that. It was an easy yes.”

Youkilis, who retired in 2014, said coaching full-time isn’t in the cards for him, but he’s enjoying the experience right now.

“It’s remarkable how good a talent we have, a collective Jewish group of ballplayers that when I was growing up probably wasn’t that strong,” he said. “It’s good to see the next generation of ballplayers, and to be a coach, and to witness it and be around and help guys.”

While this team, and its coaches, is largely a group of American Jews, the uniform says Israel. Even with the fraught political climate in Israel, which is experiencing an uptick in violence and widespread protests over the country’s far-right government and its controversial judicial proposals, both Kurz and Kinlser said politics were not a factor for any player.

“I don’t think in general athletes are too scared of those types of things,” Kinsler said.

Kurz added that leading up to the WBC, numerous players reached out to ask questions and gain a better understanding of the current situation in Israel. But nobody expressed hesitation about identifying with the country. (There have not been protests or anti-Israel demonstrations, as there have been at times in the past when Team Israel plays in the United States and abroad.)

“They’re definitely interested, they want to know what’s going on,” Kurz said. “They want to know who they’re playing for.”

Kelly, who was part of those types of discussions in the clubhouse with the Olympic team, said the players are keeping an eye on the news, but they haven’t had many conversations about it yet.

“I think it’s sort of the nature of the team, having a lot of new guys and people not really knowing what their roles are supposed to be, as far as talking about that stuff, or what their opinions are supposed to be,” Kelly said. “I think that happens as guys get to know each other more.”

Building camaraderie was also a priority for the team. Prior to the tournament, Israel held a private screening of the new documentary “Israel Swings for Gold,” which followed the team’s Olympic experience in Tokyo.

Kinsler said that while the event was not mandatory, he encouraged players to attend.

“I think that’ll be a great bonding experience for us, and something that other teams don’t really have the luxury of using as motivation or bringing togetherness,” Kinsler said beforehand. “That could be an advantage for us.”

And with a tough draw in Pool D, which pits Israel against top teams including the Dominican Republic, Venezuela and Puerto Rico, Israel will need any advantage it can get.

But Israel is no stranger to being the underdog. In fact, the team relishes it.

“We’re certainly the David against the Goliath of the baseball world. But you know, we love it,” Kurz said.


The post How Israel built its most talented baseball roster ever for the 2023 World Baseball Classic 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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