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In Turkey, a festival revives a jewel of the Sephardic world and aims to break stereotypes

IZMIR, Turkey (JTA) — Prague has the dubious honor of being chosen by Adolf Hitler to be a record of what he hoped would be the vanquished Jews of Europe. The Nazis left many of the city’s synagogues and Jewish sites relatively intact, intending to showcase them as the remnants of an extinct culture.

That has made Prague a popular tourist destination for both Jewish travelers and others interested in Jewish history since the fall of the Iron Curtain: the city provides an uncommon look into the pre-war infrastructure of Ashkenazi Europe.

Could Izmir, Turkey’s third largest city, become a Sephardic version, in terms of history and tourism? That’s the goal for Nesim Bencoya, director of the Izmir Jewish Heritage project. 

The city, once known in Greek as Smyrna, has had a Jewish presence since antiquity, with early church documents mentioning Jews as far back as the second century AD. Like elsewhere in the Ottoman Empire, though, its community grew exponentially with the influx of Sephardic Jews who came after their expulsion from Spain. 

At its peak, the city was home to around 30,000 Jews and was the hometown of Jewish artists, writers and rabbis — from the esteemed Pallache and Algazii rabbinical families, to the musician Dario Marino, to the famously false messiah, Shabbetai Zevi, whose childhood home still stands in Izmir today. 

Today, fewer than 1,300 remain. The establishment of the state of Israel, coupled with a century of economic and political upheaval, led to the immigration of the majority of Turkish Jewry. 

“From the 17th century, Izmir was a center for Sephardic Jewry,” Bencoya told the Jewish Telegraphic Agency. “We can’t recreate that, but we cannot forget that either.”

Izmir is located on Turkey’s Aegean coast. (David I. Klein)

Celebrating in the former Jewish quarter

Bencoya, who is in his late 60s, was born in Izmir but spent most of his adult life in Israel, where he led the Haifa Cinematheque, but he returned to Izmir 13 years ago to helm the heritage project, which has worked to highlight the the culture and history of Izmir’s Jewish community.

Over nine days in December that included the week of Hanukkah, thousands attended the annual Sephardic culture festival that he has organized since 2018. The festival included concerts of Jewish and Ladino music, traditional food tastings, lectures on Izmir’s Jewish community, and — since it coincided with Hanukkah and also a Shabbat — both a menorah lighting ceremony and havdalah ceremony were conducted with explanations from Izmir’s leading cantor, Nesim Beruchiel. 

This year’s festival marked a turning point: it was the first in which organizers were able to show off several of the centuries-old synagogues that the project — with funding from the European Union and the local municipality — has been restoring. 

The synagogues, most of which are clustered around a street still called Havra Sokak (havra being the Turkish spelling of the Hebrew word chevra, or congregation) represent a unique piece of cultural heritage. 

Nesim Bencoya speaks from his office next to the restored Sinyora Synagogue in Izmir. (David I. Klein)

Once upon a time, the street was the heart of the Jewish quarter or “Juderia,” but today it is right in the middle of Izmir’s Kemeralti Bazaar, a bustling market district stretching over 150 acres where almost anything can be bought and sold. On Havra Sokak, the merchants hock fresh fruits, and hopefully fresher fish. One street to the south one can find all manner of leather goods; one to the north has markets for gold, silver and other precious metals; one to the west has coffee shops. In between them all are other shops selling everything from crafts to tchotchkes to kitchenware to lingerie. 

Several mosques and a handful of churches dot the area, but the synagogues revive a unique character of the district that had been all but lost.  

“The synagogues here were built under the light of Spain. But in Spain today, there are only two major historic synagogues, Toledo and Cordoba, and they are big ones. You don’t have smaller ones. Here we have six on one block, built with the memory of what was there by those who left Spain,” Bencoya said. 

Those synagogues have been home to major events in Jewish history — such as when Shabbetei Zvi broke into Izmir’s Portuguese Synagogue one Sabbath morning, drove out his opponents and declared himself the messiah (he cultivated a large following but was later imprisoned and forced to convert to Islam). The synagogue, known in Turkish as Portekez, was among those restored by the project. 

Today, only two of Izmir’s synagogues are in regular use by its Jewish community, but the others that were restored are now available as exhibition and event spaces. 

Educating non-Jews

Hosting the festival within Izmir’s unique synagogues has an additional purpose, since the overwhelming majority of the attendees were not Jewish. 

“Most of the people who come to the festival have never been to a synagogue, maybe a small percentage of them have met a Jew once in their lives,” Bencoya said. 

That’s particularly important in a country where antisemitic beliefs are far from uncommon. In a 2015 study by the Anti-Defamation League, 71% of respondents from Turkey believe in some antisemitic stereotypes

The festival included concerts of Jewish and Ladino music, traditional food tastings and lectures on Izmir’s Jewish community.(David I. Klein)

“This festival is not for Jewish people to know us, but for non-Jews,” Bencoya said. Now, “Hundreds of Turkish Muslim people have come to see us, to listen to our holidays and taste what we do.”

Kayra Ergen, a native of Izmir who attended a Ladino concert and menorah lighting event at the end of the festival, told JTA that until a year ago, he had no idea how Jewish Izmir once was. 

“I know that Anatolia is a multicultural land, and also Turkey is, but this religion, by which I mean Jewish people, left this place a long time ago because of many bad events. But it’s good to remember these people, and their roots in Izmir,” Ergen said. “This is so sad and lame to say out loud, but I didn’t know about this — that only 70 years ago, 60% of this area here in Konak [the district around Kemeralti] was Jewish. Today I believe only 1,300 remain. This is not good. But we must do whatever we can and this festival is a good example of showing the love between cultures.”

“I think it’s good that we’re respecting each other in here,” said Zeynep Uslu, another native of Izmir. “A lot of different cultures and a lot of different people. It’s good that we’re together here celebrating something so special.”

Izmir’s history as a home for minorities has not been all rosy. At the end of the Ottoman period, the city was around half Greek, a tenth Jewish and a tenth Armenian, while the remainder were Turkish Muslims and an assortment of foreigners. In the Greco-Turkish war of 1919-1922 — remembered in Turkey as the Turkish War of Independence — the Greek and Armenian quarters of Izmir were burned to the ground after the Turkish army retook the city from the Greek forces, killing tens of thousands. A mass exodus of the survivors followed, but the Jewish and Muslim portions of the city were largely unharmed.

Izmir is not the only city in Turkey which has seen its synagogues restored in recent years. Notable projects are being completed in Edirne, a city on the Turkish western border near Bulgaria, and Kilis, on its southeastern border near Syria. Unlike Izmir, though, no Jews remain in either of those cities today, and many have accused the project of being a tool for President Recep Tayyip Erdogan’s government to assuage accusations of antisemitism, without actually dealing with living Jews. 

Losing Ladino and a ‘quiet’ mindset

Bencoya lamented that he is among the last generation for whom Ladino — the Judeo-Spanish language traditionally spoken by Sephardic Jews, but only spoken by tens of thousands today — was at least a part of his childhood. 

“When you lose language, it’s not only technical, it’s not only vocabulary, it’s a whole world and a way of thinking,” Bencoya said. 

The project is challenging a local Jewish mentality as well. Minority groups in Izmir, especially Jews, “have for a long time preferred not to be seen, not to be felt,” according to Bencoya.

That mindset has been codified in the Turkish Jewish community’s collective psyche in the form of a Ladino word, “kayedes,” which means something along the lines of “shhh,” “be quiet,” or “keep your head down.”

“This is the exact opposite that I want to do with this festival — to be felt, to raise awareness of my being,” Bencoya said. 

The Bikur Holim Synagogue is one of the few still functioning in Izmir. (David I. Klein)

One way of doing that, he added, was having the festival refer to the community’s identity “as Yahudi and not Musevi!” Both are Turkish words that refer to Jews: the former having the same root as the English word Jew — the Hebrew word Yehuda or Judea — while the latter means “follower of Moses.”

“Yahudi, Musevi, Ibrani [meaning Hebrew, in Turkish] — they all mean the same thing, but in Turkey, they say Musevi because it sounds nicer,” Bencoya said. “To Yahudi there are a lot of negative superlatives — dirty Yahudi, filthy Yahudi, and this and that. So I insist on saying that I am Yahudi, because people have a lot of pre-judgements about the name Yahudi. So if you have prejudgements about me, let’s open them and talk about them.”

“I am not so romantic that I can eliminate all antisemitism, but if I can eliminate some of the prejudgements, then I can live a little more at peace,” he added.

So far, he feels the festival is a successful first step. 

“The non-Jewish community of Izmir is fascinated,” Bencoya said. “If you look on Facebook and Instagram, they are talking about it, they are fighting over tickets, which sell out almost immediately.” 

Now, he is only wondering how next year he will be able to fit more people into the small and aged synagogues. 

“For Turkey, [the festival] is very important because Turkey can be among the enlightened nations of the world, only by being aware of the differences between groups of people, such as Jews, Christians, others, and Muslims,” he said.


The post In Turkey, a festival revives a jewel of the Sephardic world and aims to break stereotypes 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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