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The historian who uncovered the ADL’s secret plot against the far-right John Birch Society
(JTA) — A historian leafing through files in an archive discovered how a Jewish organization helped bring down an influential far-right extremist movement in the United States in the 1960s and ’70s by going undercover and acting as self-appointed spies.
The discovery of the Anti-Defamation League’s covert operation targeting the John Birch Society is the basis of a chapter in a new book by political historian Matthew Dallek of George Washington University. Published in March, “Birchers: How the John Birch Society Radicalized the American Right” is Dallek’s fourth book. It examines the roots of today’s emboldened conservative movement in the United States.
“Birchers” is a history of a group that at its height numbered as many as 100,000 members and “mobilized a loyal army of activists” in a campaign against what it saw as a vast communist conspiracy. He also examines how the Birchers’ mission to defend Christianity and capitalism morphed into a radical anti-civil rights agenda that groups like the ADL saw as an existential threat.
Dallek, who grew up in a Reform Jewish household in Los Angeles, recently sat with the Jewish Telegraphic Agency to discuss the rise of the Birchers, how the ADL infiltrated their ranks and whether such tactics are justified in the name of fighting extremism.
The conversation has been edited for clarity and brevity.
JTA: Before we get into the Jewish aspect of the book, meaning the chapter on the Anti-Defamation League’s relationship with the John Birch Society, let’s take a step back. Who are so-called Birchers? Why do they matter?
Mathew Dallek: The John Birch Society was a household name in the 1960s, becoming the emblem of far-right extremism. It didn’t have huge numbers, but it did penetrate the culture and the national consciousness. Its leader, Robert Welch, had argued at one point that President Dwight Eisenhower was a dedicated agent of a communist conspiracy taking over the United States. Welch formed the John Birch Society to educate the American people about the nature of the communist threat.
In its heyday, the group had about 60,000 to 100,000 members, organized into small chapters. They sent out literature trying to give members roadmaps or ideas for what they could do. They believed a mass education of the public was needed because traditional two-party politics was not going to be very effective at exposing the communist threat. They would form front groups such as Impeach Earl Warren [the Supreme Court’s chief justice] or Support Your Local Police. They tried to ban certain books that they viewed as socialistic from being used in schools. Some Birchers ran for school board seats and protested at libraries.
Critics feared that the Birchers were a growing fascist or authoritarian group and that if they were not sidelined politically and culturally then the country could be overrun. The Nation magazine wrote that Birchers essentially had given their followers an invitation to engage in civil war, guerrilla-style. Those fears sparked a big debate about democracy. How does one sustain democracy and, at the height of the Cold War and in the shadow of World War II, Nazi fascist Germany, and the Holocaust?
As you were researching, you came across a trove of historical internal documents from the ADL in the archives of the American Jewish Historical Society in New York. Why did you devote a chapter to what you found in those documents? What did those files reveal to you about the John Birch Society?
These papers are a goldmine. They’re this incredible and often detailed window into the far-right and, in particular, the John Birch Society. They show the ADL had an extensive, multi-dimensional counterintelligence operation that they were running against the Birch Society.
People knew at the time that the ADL was attending events where Birchers were speaking. But the ADL also had undercover agents with code names, who were able to infiltrate the society’s headquarters in Belmont, Massachusetts, and various chapter officers. They dug up financial and employment information about individual Birchers. And they not only used the material for their own newsletters and press releases, but they also fed information to the media.
Another layer is about a debate that’s been going on: Were the Birchers racist and antisemitic? The Birch Society always insisted that they did not tolerate white supremacy and didn’t want any KKK members. They said they accepted people of all faiths and races. And it’s true that they did have a handful of Jewish and Black members.
But what the ADL found was that a lot of hate was bubbling up from the grassroots and also leaking out from the top. The ADL was able to document this in a systematic way.
Some critics of the ADL today say the organization has strayed from its mission by focusing not just on antisemitism but on a wider array of causes. But from reading your work, it sounds like the ADL even then took an expansive view of its role, examining not just direct attacks on Jews but also how the political environment can jeopardize Jews. Am I getting that right, and why did the ADL devote so many resources to a group like the John Birch Society?
So, a few things: It’s the late ’50s and ’60s, and a civil rights coalition is emerging. Benjamin Epstein, the national director of the ADL, was friendly with Thurgood Marshall, the Supreme Court justice, and Martin Luther King. John F. Kennedy went to an ADL event and praised the ADL for speaking out very strongly in defense of democracy and pushing for the equal treatment of all Americans.
Isadore Zack, who helped lead the spy operation, at one point wrote to his colleagues that it was only in a democracy that the Jewish community has been allowed to flourish and so, if you want to defend Jewish Americans, you also have to defend democracy.
There certainly were other threats at the time, but the Birch Society was seen by liberal critics, including the ADL, as a very secretive group that promoted conspiracy theories about communists who often became conflated with Jews.
Would you consider the ADL successful in its campaign against the Birchers?
They were successful. They used surreptitious and in some cases underhanded means to expose the antisemitism and the racism and also interest in violence or the violent rhetoric of the Birch Society in the 1960s.
The ADL was at the tip of the spear of a liberal coalition that included the White House, sometimes the Department of Justice, depending on the issue, the NAACP, Americans for Democratic Action, labor unions, the union-backed Group Research Inc., which was tracking the far-right as well. The ADL was one of the most, if not the most effective at constraining and discrediting the society.
Clearly, however, the Birchers’ ideas never died. They lived on and made a comeback.
It’s somewhat ironic that you reveal the existence of this spying apparatus devoted to targeting an extremist and antisemitic group in the 1960s given the infamy the ADL would earn in a later era, the 1990s, for allegations that they colluded with police agencies in San Francisco to spy on and harass political activists. They eventually settled with the Arab American, Black and American Indian groups that brought a federal civil suit. I know you didn’t study these revelations, which are outside the scope of your book, but could you perhaps reflect on why undercover tactics were seen as necessary or justified?
It’s important to remember that in the mid-20th century, law enforcement in the United States was often led by antisemites or people who were much more concerned with alleged internal communist threats — the threat from the left.
From the ADL’s vantage point, one could not rely on the government entities that were by law and by design supposed to protect Jewish Americans. There was a sense that this work had to be done, at least in part, outside of the parameters of the government.
When I first discovered the ADL’s spying, I didn’t quite know what to make of it. But I realized they weren’t just spying to spy, they exposed a lot of scary things, with echoes in our own times — like easy access to firearms, a hatred of the government, a denigration and defamation of minority groups. And this was all happening in the shadow of the Holocaust and World War II. I became much more sympathetic; they were very effective, and they had a vision of equality of treatment for all Americans.
It’s obviously controversial. I try not to shy away from it. But they had a lot of good reasons to fight back right and to fight back in this nonviolent way.
That last thought brings to mind another, right-wing Jewish group that existed in this era of taking things into our own hands, that did use violence, explosives even.
You mean the Jewish Defense League, led by Meir Kahane.
Yes, exactly.
He was a Bircher. Toward the end of my book, I mention that he was a member for a while, under his alias Michael King.
Antisemitism is on the rise, and lots of initiatives are being organized to address it, both by existing groups like the ADL and new ones. The ADL’s budget has almost doubled over the past seven years. I am seeing Jews talk of fighting back and taking things into their own hands. And we are in this politically precarious movement in American history, all of which suggests parallels to the era you examined. What kind of wisdom can we glean from examining the ADL’s secret and public fight against the John Birch Society as people who care about the issues affecting Jews today?
A lot of liberals in the 1960s and a lot of the leadership at the ADL grasped the axiom that things can always get worse.
In 2015-2016, you’ll recall, there was Trump’s demonization of Mexican immigrants, and the so-called “alt-right” around him and his campaign and expressions of vitriol by people like Steve Bannon.
There was an assumption among a lot of Americans and among a lot of Jewish Americans that the fringe right — the antisemites, the explicit racists, the white supremacists — that there’s not a majority for them and they can never achieve power.
If you go back and you look at Trump’s closing 2016 campaign ad, it’s textbook antisemitism. He flashes on screen these wealthy Jewish international bankers, and he argues that basically, there’s a conspiracy of these global elites who are stealing the wealth of honest Americans. There’s also 2017, the white supremacists in Charlottesville, who said “Jews will not replace us” and Trump saying there are fine people on both sides.
The sense that democracy is incredibly fragile is not just a theory or a concept: It’s an actuality, the sense as well, that the United States has only been a multiracial democracy for not very long and a haven for Jews for not that long either.
The work that the ADL and the NAACP and other groups did to try to constrain and discredit as fringe and extremist still goes on today. It’s harder to do for all sorts of reasons today including social media and the loss of faith in institutions. But it still goes on. You see the importance of institutional guardrails including the Department of Justice that is prosecuting 1,000 Jan. 6 insurrectionists.
The last thing I’ll say is that one of the admirable things in the 1960s about the ADL and the liberal coalition it belonged to is that it built support for landmark legislation like the Immigration Act of 1965, the Civil Rights Act of 1964, and the Voting Rights Act of ’65. And a coalition eventually fell apart, but it was powerful, reminding us why Jewish American groups should care about or focus on issues that don’t directly affect Jewish people.
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Candace Owens Claims US ‘Being Held Hostage by Israel,’ Suggests Zionists Killed JFK
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
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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.