Connect with us

Uncategorized

How this Brooklyn neighborhood became the ‘Klezmer Shtetl’

(New York Jewish Week) — Some of the greatest talents in Jewish music have strolled Midwood’s lettered avenues, including the klezmer musician Pete Sokolow and the Hasidic composer Ben Zion Shenker. Both have left us — Sokolow in 2022, Shenker in 2016 — but the Modzitzer synagogue on Avenue L, where Shenker once lead prayers, is a spiritual home for klezmer virtuoso and Midwood denizen Andy Statman, 73. He’s davened (prayed) there for more than 30 years.

Now, a younger group of klezmer musicians joins Statman in making the quiet, south-central Brooklyn neighborhood their home, due to the (relatively) affordable rents, low density and greenery, as well as its proximity to Jewish communal life spread across the borough.

“We needed more room than Park Slope could provide on our budget,” Pete Rushefsky, who has played a hammered dulcimer known as the tsimbl in the city’s klezmer scene for more than 30 years, told the New York Jewish Week. “It’s been a great neighborhood to raise a family.” That’s especially true for a culturally active family: Rushefsky’s wife, Madeline Solomon, sings, plays accordion and runs the Brooklyn Workers Circle School in Park Slope; their 12-year-old daughter, Mathilda, plays in a children’s fiddle band in the neighborhood.

Midwood looms so large over the present-day Jewish music scene that there’s even a klezmer rock band named for it: Midwood, the band, was founded in 2015 by the fiddler Jake Shulman-Ment. The 39-year-old veteran klezmer violinist lives in the same apartment building on Ocean Avenue as Jeremiah Lockwood, a blues performer and a scholar of cantorial music.

“I call it the ‘Klezmer Shtetl,’” said Midwood’s vocalist, Eleonore Weill, who is also a multi-instrumentalist. (Weill used to reside in Midwood but now lives in next-door Ditmas Park, which is also home to Sarah Gordon, lead singer of the rock band Yiddish Princess. Nearby Kensington counts among its klezmer-making residents D. Zisl Slepovitch and the klezmer couple Ilya Shneyveys and Sarah Myerson.)

Another Midwood musician is Michael Winograd, 40, who many consider to be the best klezmer clarinetist of his generation. As a teenager, he went to Statman’s home for lessons; last summer he moved to the neighborhood.

Midwood musicians Jeremiah Lockwood, left, and Pete Rushefsky. (Courtesy)

Elsewhere in Midwood resides guitarist Yoshie Fruchter, founder of Pitom, which the Tzadik record label called “a shredding Jewish instrumental band.” Fruchter has performed with Jon Madof’s Zion80, which plays Shlomo Carlebach tunes in an Afrobeat style, and Mazal Tov Cocktail Party, the latest klezmer/dance music project led by David Krakauer and Kathleen Tagg.

“I didn’t choose Midwood, particularly,” Shulman-Ment told New York Jewish Week. “It sort of fell into my life.” The fiddler decided to rent his Midwood one-bedroom in the summer of 2021 while he was on tour in the Pacific Northwest. After seeing the place online and sending a couple of friends to check it out in person, Shulman-Ment signed a lease while he was still on the road.

As it happens, Lockwood — who lives with his two sons, ages 14 and 16, on the floor below Shulman-Ment — also rented his apartment sight unseen that same summer.

The two neighbors credit Ivona Hertz, co-owner of Ocean Empire Management, with helping them find a home. Her company manages a pair of buildings across from Prospect Park that are home to so many jazz musicians, they came to be known as “the jazz dorms.”

“When the tenants are happy they always recommend their friends,” Hertz said, describing how she came to rent Midwood apartments to so many musicians. “That’s how the ‘jazz dorms’ were created and that’s how the Midwood buildings are now getting more musicians. The apartments are larger, up to three bedrooms, including the square footage, and more affordable in Midwood.”

According to the available rentals on the real estate website StreetEasy, the median rent in Midwood is $2,566. (Hertz, the property manager known for helping musicians, says she typically charges between $1,500 and $1,750 a month for one-bedroom rentals.) The median sale price in the nabe for the first quarter of this year was $644,000, according to the real estate website PropertyShark — that’s substantially less than the Brooklyn borough-wide median of $755,000.

In addition to relatively low housing costs, Midwood is also known for being home to a very large — and mostly Orthodox — Jewish community. Traditionally Ashkenazi, the southern reaches of the neighborhood have also seen steady growth of its longtime Sephardic Jewish community. “Sephardic Jews dominate from [an area known as the] Avenue H cut to Avenue Z,” Sarina Roffe, CEO of the The Brooklyn Jewish Historical Initiative and president of the Sephardic Heritage Project, told the New York Jewish Week. “The Sephardic community in Brooklyn has been growing for more than 100 years.”

Most of these newer, klezmer residents identify as secular Jews, and not Orthodox. But many of them said they enjoy living among their Orthodox brethren. Clarinetist Winograd lives in part of Midwood that’s “very Jewish,” as he described it. “I kind of like being a secular Jew who gets to experience the benefit of a quiet Shabbes. I enjoy being a culturally-engaged Jew living in a Jewish neighborhood even if I’m not partaking in the more religious activities.”

Shulman-Ment — who identifies as a secular Jew who is committed to Jewish culture — spent a year living in Crown Heights, so he was familiar with the feeling of living in an Orthodox neighborhood and feeling like a bit of an outsider. He said he’s noticed, though, that if he’s in his “gig costume” — a suit and fedora — some of his Orthodox co-religionists offer a friendly greeting.

Lockwood described his (and Shulman-Ment’s) section of Midwood, along Ocean Avenue, as “rough-hewn and unlovely. It is a hard-working and threadbare place.” And yet, “I like it here fine,” he told the New York Jewish Week, adding: “I just don’t want to encourage out-of-towners to move in.”

Fruchter — who moved to Midwood last December with his wife, Jewish cookbook author Leah Koenig, and their two kids, aged 4 and 9 — said his area of Midwood has a lot of Pakistani residents, but on Saturday his family can often hear zemiros, hymns sung at the Sabbath table, coming from the homes of Orthodox neighbors down the block. “I really like how you see people from so many different places, cultures, religions and backgrounds all sharing the same sidewalks,” Fruchter told the New York Jewish Week via email. “I love walking by businesses with signs in different languages and restaurants where I have no idea what to order… I love that it’s a ‘quiet’ neighborhood but with a lot of bustle in it.”

Klezmer virtuoso Andy Statman, left, has lived in the neighborhood more than 30 years, while guitarist Yoshie Fruchter, right, is a more recent resident. (Courtesy)

The family is involved in the Flatbush Jewish Center, a Conservative egalitarian synagogue in the neighboring Kensington section of Brooklyn where Fruchter has served as cantor on the High Holy Days and organized a concert series.

Fruchter is also a member of Shulman-Ment’s band Midwood — whose recording of their live performance at the “Klezmer On Ice” festival in Minneapolis last winter will be released in the coming months. Midwood the band’s next gig is at the National Yiddish Book Center’s annual Yidstock festival in Amherst, Massachusetts on July 16.

Shulman-Ment will also be performing with the actor and musician Daniel Kahn on June 15 at the East Village world music venue Drom. The performance is timed to the release of the duo’s first album, “The Building & Other Songs,” which features Yiddish versions of songs by Leonard Cohen, Bruce Springsteen, Tom Waits and Woody Guthrie.

The other Midwood klezmer musicians with gigs to look forward to are Rushefsky — who is also the executive director of the Center for Traditional Music and Dance — and Statman, who will both be playing with the violinist Itzhak Perlman in the coming months.

In addition, Statman plays in two trios: The Andy Statman Trio, which has performed at the Greenwich Village Synagogue in Manhattan regularly for 20 years, and another with the Eddy Brothers, two young West Virginia bluegrass musicians. More recently, Statman started playing with a traditional bluegrass quartet that’s comprised of players he’s known since he was a teenager. That band is now known as Andy’s Ramble, not to be confused with the 1994 Statman album of the same name.

Statman grew up in Queens and was in his mid-20s when he first moved to Brooklyn in 1976. After a series of apartments, he and his wife Basha moved to Avenue L in Midwood in 1987, where they raised their four children. “Our kids needed to be here. We needed to be here,” Statman said. “There is sky and trees and grass here. There are birds chirping all over. The neighborhood was incredibly vibrant.”

When he first arrived, Statman took a break from his music career for a year to study Jewish holy texts full time. In the 35 years since, he’s seen real estate values soar to a level he calls “ridiculous.” Statman said that since the early 2000s, he’s watched kids who grew up on his block move to Lakewood, New Jersey or Monsey in Rockland County — both home to sizable Orthodox Jewish communities — because they couldn’t afford to buy homes in Midwood. Now their parents are leaving, he added, because they want to be near their grandchildren.

It’s a fate the clarinetist is personally familiar with: None of his four children, now grown, live in the area. With two daughters and their grandchildren living near Lakewood, the Statmans are considering relocating there themselves.


The post How this Brooklyn neighborhood became the ‘Klezmer Shtetl’ 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