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‘Married to the Mob,’ but under a chuppah: A new memoir details a Jewish family’s crime ties

(New York Jewish Week) — The Geiks weren’t your typical Bronx working-class Jewish family. 

One brother ran a mob-protected trucking company in Manhattan’s Garment District. Another brother, an NYPD detective, chauffeured organized crime couriers around the city with illicit cash. Their kid sister visited a Las Vegas casino where the tween was set up with a couple of slot machines in a private room. 

And a close family friend was sent up the river for killing a notorious Jewish gangster.

Meet the family whose close ties to Jewish gangsters are chronicled in “Uncle Charlie Killed Dutch Schultz,” a memoir just published by Alan Geik.

Dutch Schultz was the mob name of Arthur Flegenheimer, the Jewish bootlegger and numbers racket kingpin who left this mortal coil in October 1935 at the Palace Chop House in Newark. The triggermen were two Jews, members of the organized crime group Murder Inc. Mendy Weiss and Charles “Bug” Workman, the Uncle Charlie of the memoir’s title, did the hit. 

Workman, who reportedly killed more than 20 people before pleading guilty to the murder of Dutch Schultz, was not a blood relative of author Alan Geik. But Workman grew up with Geik’s father on the Lower East Side and was so close to the Geik family he was considered an uncle. The author was in his 20s when he first met Workman, after the hitman was released from a New Jersey prison in 1964.

“I would never think of calling him anything but Uncle Charlie,” said Geik, 80, a retired TV producer and radio host who lives in Las Vegas.

In addition to diving deep into Workman’s story, the book also explores how Jewish mobsters and their hangers-on fought antisemitism, beat up Nazis and helped a fledgling Israel acquire arms for its War of Independence.  

“These were people, from the first generation of Jews in America, who fought back against antisemitism in the streets,” Geik said. “Their parents fled the pogroms of Eastern Europe. They were not going to let it happen again and they didn’t.”  

Geik’s book joins a crowded shelf of histories and memoirs of the Jewish mob, including “But He Was Good to His Mother: The Lives and Crimes of Jewish Gangsters,” by Robert A. Rockaway, and “Tough Jews: Fathers, Sons, and Gangster Dreams,” by Rich Cohen. Like those books, Geik’s family history provides a sort of reverse image of typical Jewish immigrant stories: Instead of scrapping their way up from New York’s Jewish enclaves into retail and the professions, Geik’s family joined a criminal counterculture. 

Alan Geik’s family’s close ties to Jewish gangsters are chronicled in a just-published memoir, “Uncle Charlie Killed Dutch Schultz.” (Sonador Publishing)

Books such as Geik’s “really put a personal experience to this whole world that we all know about, the world of New York mobsters,” said Larry Henry, author of a monthly column for the Mob Museum in Las Vegas. “The public’s appetite for mob stories is insatiable.”

“Uncle Charlie Killed Dutch Schultz” describes a tangled family tree ripe with, well, rotten apples. Geik’s father, Lou, was not actually in the mob but did reap benefits from his ties with organized crime, Alan concedes. Lou Geik was one of several individuals who delivered mob cash to Workman’s family over 23 years.

“Uncle Charlie felt indebted to my father,” said Geik.

The author’s father is cited as a source for many of the anecdotes included in the memoir. Geik said that while his father’s business relied on mob protection, Lou Geik didn’t have “that extra whatever-it-took to be a really hardened criminal” — a trait, he said, his own older brother Bernard also lacked.

“My brother always wanted to be a gangland figure,” said Alan Geik. “So, instead my brother became a policeman.”

An ultimately very corrupt policeman. Bernard Geik joined the force in 1962 and resigned in 1971 after serving in the notorious Special Investigative Unit, which, as depicted in the book and the motion picture “Prince of the City,” devolved into an extortion ring. After resigning from the NYPD, Bernard Geik was arrested for bribery and bribe-taking in 1974. He reportedly pleaded guilty but served no time. 

The disgraced detective went to work at his father’s trucking company. According to the author, his brother was one of the detectives provided by a supervisor to drive their Uncle George and other mobsters around town when they were transporting mob money in New York.

Uncle George Gordon was a real uncle. Gordon is allegedly one of the gangsters the actor George Raft modeled himself after for his roles in 1930s and ’40s crime melodramas. For decades, beginning at a casino and speakeasy near the Hudson River in midtown Manhattan, Gordon had a big hand in organized crime’s gambling operations, supervising enterprises in Florida, the Midwest, Las Vegas and Havana. 

Alan Geik isn’t the only keeper of his family’s convoluted story. His sister Iris has her own memories of growing up mob-adjacent, such as when she and her parents were Gordon’s guests at the Stardust Hotel in Vegas when the mob was running its casino and skimming cash from the profits. Gordon wanted Lou Geik to work there.

According to Iris, Gordon posted a guard outside a private room in which she had been ensconced with a couple of slot machines. The 13-year-old was “mesmerized” by the slot machines. Her mother was initially unaware of what was going on.

“Uncle Charlie” Workman, seen in 1941, pled guilty to the 1935 murder of mobster Dutch Schultz and was given a life sentence. (NYPD)

“I was having a blast,” Iris Geik said. “I’ll never forget when the door flung open and my itty-bitty mother came in with a big guard behind her. She immediately made me stop [playing with the slot machine] and give back the money I had won.”

Iris Geik, now a privacy lawyer in the Boston area, has written hundreds of pages of her own memoir about the wives and girlfriends of the Jewish gangsters, tentatively titled, “The View From the Women’s Table.”

“Their lives were complex but they were also heimische Jewish women,” she said, using the Yiddish word for cozy and familiar. She and her father eloped because they were a mixed couple: Her mother Reba was a Sephardic Jew and her father was Ashkenazi.

Geik remembered that as a child she noticed a newspaper article about a family friend being arrested. She said, “Mom! Mom! Look, we’re famous.” To which her mother replied, “That’s infamous, dear.”

Geik said that on several occasions her mother observed: “There are no second-generation Jewish mobsters. Jews don’t make gangsters out of their children.”

Reba Geik had been involved in caring for two of Iris’ aunts who lived in Brooklyn while they were dying. Those acts of kindness had a profound impact on Uncle George, the casino supervisor.

After the aunts passed away, Gordon always stood when Reba entered a room, Iris said. “My mother was very honored by that because he was such a big shot.”

Throughout her life, Reba Geik remained close to Sylvia Lorber, a friend from her teenage years. Lorber was the only mob mistress her mother would spend time with, said Iris. Lorber was the paramour of two Jewish gangsters: Benny Kassop, the brother of Murder, Inc. gunman Sammy Kassop, and Sam “Red” Levine, an observant Jew who wore a kippah under his fedora. Levine won the affection of Lorber while the Kassop brothers were in Sing Sing, the maximum-security prison in Ossining, New York. 

“Sylvia was a hell of a lot of fun but my mother worried about her,” Iris said. “Sylvia told me her stories, which were kind of glamorous when she was young but sad when she was older.” After spending 20 years with Levine, Lorber couldn’t attend his funeral. Sylvia Lorber stopped talking to Reba Geik in her last years.

Jewish gangsters do, on occasion, display some altruism in Alan Geik’s memoir. Take Moe Dalitz, the head of the Cleveland Syndicate. He was a major bootlegger during Prohibition whose flotillas of illegal liquor on the Great Lakes came to be known as The Little Jewish Navy. His family ran legitimate laundry businesses in Boston and Detroit. Too old to be drafted during World War II, he enlisted at the age of 42 and was commissioned as a lieutenant. Dalitz ran the military laundry service on New York’s Governor’s Island — but declined to bunk in the island’s barracks, opting instead to stay at a swanky hotel overlooking Central Park. 

Then there was Johnny Eder, a major source for Geik’s narrative. Eder was part of the Lower East Side teenage crime crew that included Uncle Charlie and Uncle George. As an adult he was a major fence for stolen jewelry and always had a bag of stolen rings on him. Eder also had many connections at City Hall and in the Brooklyn District Attorney’s office. 

According to Geik’s account, Eder was the mob’s representative to the Haganah, the Jewish paramilitary force in Palestine. Eder arranged meetings in the noisy kitchen of the Copacabana, a mob hangout, between Haganah agents and mobsters and others described as “former wartime U.S. intelligence agents” working to secure weapons for Israel’s War of Independence. (The late Teddy Kollek, Jerusalem’s longtime mayor, would tell a story about passing cash to an intermediary at the Copacabana, who brought the money to an Irish sea caption with a ship full of munitions bound for the Holy Land. The bagman, according to Kollek, was Frank Sinatra.)  

Author Alan Geik’s father-in-law, Lou Lenart, left, and other fighter pilots in front of Avia-S-199 plane. Lenart was part of the group of men transporting surplus fighter planes and other weapons to the Holy Land for use in the War of Independence. (Courtesy of Boaz Dvir)

Alan Geik has a very personal connection to the creation of the Jewish state. His late wife Nina was the daughter of Lou Lenart, a World War II fighter pilot who served in the U.S. Marines. Geik’s memoir details how the elder Lenart was part of the group of men transporting surplus fighter planes and other weapons to Palestine for use in Israel’s War of Independence. Lenart’s story was featured in Nancy Spielberg’s 2014 documentary “Above and Beyond,” about the creation of the Israeli air force. 

The story of how Jewish gangsters used some violent muscle against Nazi sympathizers in New York has been told before in historical accounts, but one episode in Geik’s memoir is particularly dramatic. A pair of Jews attended a Bund rally at Camp Siegfried on Long Island, a summer camp that taught Nazi ideology, and were offered a ride back to the city by a Nazi sympathizer who they ended up beating senseless in Brooklyn.

Alan Geik was not really hungry when he met Meyer Lansky at a Central Park hotel in the late 1950s. The gangster asked the 15-year-old nephew of George Gordon if he wanted a pastrami sandwich. Geik declined. Then Lansky, who struck Geik as an “older Jewish man who I knew was really powerful,” suggested that they split one. It was an offer that Geik did not refuse.


The post ‘Married to the Mob,’ but under a chuppah: A new memoir details a Jewish family’s crime ties 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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