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Prominent German rabbi resigns from leadership roles as report confirms allegations against him

BERLIN (JTA) – In a landmark step, investigators commissioned by Germany’s main Jewish organization have concluded that abuse of power and sexual harassment did occur at Germany’s liberal rabbinical seminary — and some of it, they say, may have crossed the line into illegality.

The 44-page “executive summary” of an investigation initiated by the Central Council of Jews in Germany is the latest and most damning report about the leadership of Rabbi Walter Homolka since accusations against him broke into public view last May.

Issued Wednesday after tense public conflict between the council and Homolka’s attorneys, the report concludes that structural changes are required to set Germany’s liberal rabbinical seminary, known as Abraham Geiger College, and other related Jewish institutions on the correct footing.

“A significant cause for the emergence of the problems identified by the investigators at the institutions under investigation is the personal misconduct of Rabbi Prof. Dr. Homolka in his function as a leader or person with great influence, which the investigators are convinced of,” the investigators wrote in their report.

Homolka announced Monday that he would withdraw from all functions in the seminary that he and a German-born American rabbi named Walter Jacob, founded in 1999. He also dropped out of the running on Tuesday for another term as chair of the Union of Progressive Jews in Germany.

A more comprehensive report including details about incidents in which investigators concluded that Homolka and his husband engaged in misconduct is due out in January, according to the Cologne-based law firm Gercke Wollschläger.

The preliminary report was welcomed in a joint statement by the Central Council, the German Interior Ministry and the Brandenburg State Ministry of Science, Research and Culture, which said they would “continue to fund the Abraham Geiger College to the same extent as before until the structural new beginning has been completed.”

It was also greeted with relief by the rabbinical student whose complaints kicked off the scandal.

“I think the report and the subsequent documents are a blessed development,” Itamar Cohen told the Jewish Telegraphic Agency. “It seems to confirm many suspicions which I and others share. It does affirm that I did the right thing and [this] could be the beginning of a new chapter of liberal Judaism in Germany.”

The scandal that erupted publicly in May began after Cohen sought help from Jonathan Schorsch, a professor at the School of Jewish Theology, in dealing with unsolicited pornographic material allegedly received from Homolka’s husband, who was also an employee at the seminary. (Abraham Geiger College is part of the School of Jewish Theology, which itself is under the auspices of the University of Potsdam.)

A German newspaper’s report about the allegations and an apparent effort to obscure them opened the floodgates for criticism of Homolka from past and current students, employees and colleagues. Homolka took a leave of absence from the numerous leadership roles he held with liberal Jewish religious and educational institutions that he had helped found since the late 1990s.

The scandal has shaken the foundations of modern liberal Judaism in Germany, and the new report suggests that those foundations were weak because they rested largely on one individual.

Josef Schuster, the president of the Central Council of German Jews, said the report made it clear that Homolka could not continue in his previous roles.

Homolka has rejected the allegations against him throughout, and his attorneys told German news media Wednesday that they believed the entire investigation was politically motivated. They accused Schuster of wanting to see Homolka exit Germany’s liberal Jewish leadership and said the Central Council had failed to consider fully the statement Homolka had given to investigators.

Rabbi Walter Homolka. at left, with other leaders of Germany Jewry including Josef Schuster, president of the Central Council of Jews in Germany, at far right, at an event in October 2019. (Wolfgang Kumm/picture alliance via Getty Images)

The report is the first to emerge from a third-party investigation into the allegations against Homolka. A separate investigation by the University of Potsdam, released in late October, found that some of the accusations regarding abuse of power to be justified, but did not find any criminally actionable behavior and thus confirmed Homolka’s ongoing employment there as professor. It did not investigate the sexual harassment accusations, as Homolka’s husband had left his job by then.

The new report did scrutinize those allegations. The investigators said they found 13 specific incidents involving allegations against Homolka’s husband. German libel law bars the publication of his name. Using what they called a “traffic light system,” the investigators classified nine of these incidents as “red” cases, in which 25 instances of misconduct could be identified. Two of these cases involved the “initial suspicion of a criminal offense,” they added.

Regarding allegations of abuse of power against Homolka himself, they found — after interviewing 73 individuals — a total of 45 concrete incidents, 14 of which they classified as “red,” involving a total of 23 instances of misconduct. A detailed account of those cases, including responses that Homolka delivered earlier this week, will be included in the final report in January, they said.

More broadly, they said, their interviews had illuminated a culture of misconduct in which unchecked, unlawful or arbitrary decisions could be made largely because of a consolidation of power under Homolka. He presided over an institution ruled by a “culture of fear,” the investigators found, leaving employees and students alike less likely to express criticism or concerns because of the possibility of reprisals.

The investigators said structural changes were needed if there was any hope of shifting the culture. “As long as institutions are in private hands or even in the hands of an individual, or at any rate within the essential sphere of influence of the person who, in the opinion of the investigators, practices and exemplifies misconduct himself, it is hardly conceivable that the causes of the deficits identified can be remedied,” their report says.

Cohen told JTA he wants to see “real change in the leadership” of all liberal Jewish institutions in Germany, and “an external compliance system set up.”

He said, “I hope to see the institutions Homolka founded take a life of their own, no strings attached.”

Anticipating the report, the Abraham Geiger College had announced its own restructuring plans on Monday, a day after ordaining four new rabbis and two cantors at a ceremony in Berlin.

In a statement, interim director Gabriele Thöne said a new foundation would become the provider of rabbinical training in Potsdam.

Gabriella Thoene, interim director of Abraham Geiger College, in Berlin’s Rykestrasse Synagogue on the occasion of an ordination ceremony, Dec. 1, 2022. (Toby Axelrod)

Further, Thöne said the “door is open to Zacharias Frankel College” — the Conservative movement seminary also under the umbrella of the School of Jewish Theology at the University of Potsdam —  “to join the new foundation on an equal basis while at the same time maintaining its independence.”

But in a scathing response issued Wednesday, the Conservative seminary said the Geiger College interim administration had not consulted them about the restructuring.

“A partnership between equal parties requires joint preparation, mutual trust, transparency and consensus. All this has been lacking so far, and continues to be lacking,” the statement said.

Signed by Rabbi Bradley Artson, dean of Zacharias Frankel College and the Ziegler School of Rabbinic Studies, the Conservative seminary in Los Angeles among others, the statement also said the preliminary report released Wednesday “confirmed the asymmetrical constellations of power in the two Potsdam rabbinical training colleges.”

Zacharias Frankel College  “was in a state of dependency on the will of one person from the time it was founded in 2013. Our institution was deliberately pushed into invisibility and excluded from communication with funders in Germany,” the statement read in part.

“From the outset, the project of a Masorti rabbinical training in Potsdam was merely a makeshift means of being able to found the School of Jewish Theology [also in 2013] and give it the appearance of representing several denominations, and thus of being pluralistically positioned. Instead, however, the accumulation of power led to a monopolization of non-Orthodox Judaism in one person” – namely, Homolka.

For their part, the government and Jewish funding organizations said in their statement Wednesday that they were “committed to ensuring that there will continue to be both liberal and conservative rabbinical training in Potsdam in the future,” but that the proposals developed so far at the Abraham Geiger College do not meet the requirement of being “a clear cut from the previous structure and a comprehensive new beginning.”

The release of the Central Council-commissioned report was preceded by a volley of statements by lawyers for both parties.

On Monday, the council’s attorneys announced that their preliminary report would come out in two days. On Tuesday, Homolka’s attorneys issued a statement criticizing the impending “sudden” release of the report’s summary, suggesting it reeked of “prejudgment.”

The law firm representing Homolka — Behm Becker Geßner — noted that its client had received “a list of questions with serious accusations” from the council’s attorneys, and that he had responded in writing last Sunday. “Should the result not take into account the meaningful statement of our client, there would be a massive violation of personality rights,” warned the lawyers, who have successfully battled some critical press coverage of Homolka.

The Central Council criticized what it called Homolka’s delay tactics, saying its attorneys had asked Homolka in early September if he would respond to questions but had not gotten any response to questions sent Oct. 19 until late Sunday night, well after multiple previous deadlines. Still, the council confirmed, its investigators would take Homolka’s responses into account.

“This tactic is the main reason why the law firm will not be able to complete the final and detailed report of the investigation by the end of the year,” the Central Council said. “The courage of the numerous victims must not be sacrificed to Homolka’s delay tactics.”

Meanwhile, the Union of Progressive Jews in Germany is to meet next week in Berlin, after a three-month postponement. Board elections will be held for the position of chair, previously held by Homolka.

On Nov. 26, that group published a report from an investigation that it had commissioned, which concluded that there was no proof of abuse of power at Abraham Geiger College.

German rabbis who are part of the General Rabbinical Conference, Germany’s liberal rabbinical association, file into Berlin’s Rykestrasse Synagogue for an ordination ceremony, Dec. 1, 2022. (Toby Axelrod)

On Wednesday, a critic within the body, the State Association of Jewish Communities of Lower Saxony, said the Central Council’s commissioned report “supports us in our demand for the resignation of Walter Homolka from all his offices within the Jewish community, which we already made in May.”

And there is dissent within the General Rabbinical Conference, Germany’s liberal rabbinical association, as well. About a dozen members issued a statement in November, breaking from the official, cautious tone, saying that “the abuse of power proven against Rabbi Prof. Dr. Homolka [in the university’s report of Oct. 26] is not compatible with the values of Jewish and general ethics.”

The association, known as ARK, issued a statement at the end of November stating that, despite differences of opinion in their ranks, they join the call for a structural and personal new beginning, as “a chance for the next phase of rabbinical training in Germany.”


The post Prominent German rabbi resigns from leadership roles as report confirms allegations against him 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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