Uncategorized
The real Jewish history behind Netflix’s ‘Transatlantic’ and the WWII rescue mission that inspired it
(JTA) — While the United States swung its door shut to most refugees during World War II, a young American in France saved thousands, including some of the 20th century’s defining artists and thinkers — such as Marc Chagall and Hannah Arendt — from the Nazis.
The rescue mission of Varian Fry, which went largely unrecognized during his life, is the subject of Netflix’s new drama “Transatlantic,” launching Friday from “Unorthodox” creator Anna Winger.
Starring Cory Michael Smith as Fry, the seven-episode “Transatlantic” aims to recreate his operation in Marseille after the Nazis defeated France and before the United States entered the war. Winger has injected several imagined romances, war efforts and characters into the fictionalized series, including one posed as Fry’s lover, named Thomas Lovegrove (played by Israeli Amit Rahav). Although Fry’s son has said that he was a “closeted homosexual,” no such person is known to have existed.
Winger believes these inventions will invite Netflix viewers to learn more about the true story.
“The people who lived through these stories are dying out,” she told the Jewish Telegraphic Agency. “My job is to bring this to a wide audience, to people who don’t know anything about it.”
The story behind the series
The real Varian Fry, a 32-year-old journalist and suit-clad Harvard graduate, showed up in Marseille with $3,000 taped to his leg and a list of 200 names in August 1940.
After France surrendered to Germany, Fry was among 200 Americans — including journalists, artists, museum curators, university presidents and Jewish refugees — to create the Emergency Rescue Committee at the Hotel Commodore in New York. This group was concerned with Article 19 in France’s armistice with Germany, which required French authorities to surrender any individuals demanded by the Germans.
The private relief organization drew up frenzied lists of anti-Nazi intellectuals who were trapped in France. With the help of first lady Eleanor Roosevelt, the ERC obtained some emergency visas and sent Fry to lead the rescue efforts in Marseille, a port city in the southern, unoccupied part of France.
What he found there was impossible to manage alone. His mission began in his room at the Hotel Splendide, where long lines of refugees waited in the morning before he woke up and at night after he went to bed. They sometimes walked straight into his bedroom without knocking, Fry wrote in a letter to his wife shortly after he arrived.
Gathering a small devoted staff, including Frenchmen, refugees and American expatriates, Fry moved his office to Rue Grignan and later Boulevard Garibaldi. Outside of Marseille he rented the Villa Air-Bel — colorfully recreated in “Transatlantic” — to house eminent writers and eccentric Surrealist artists waiting for visas.
The group developed legal and illegal branches, with the cover organization offering humanitarian relief while a behind-the-scenes operation flouted the law to help refugees escape. Using Marseille’s lively black market, the staff found hiding places, forged documents and bribed officials. Bil Spira, a Jewish Austrian-born cartoonist, forged passports for the ERC. (He was caught and deported to Auschwitz, but survived.) Resistance fighters Hans and Lisa Fittko devised an escape route to Spain, guiding refugees across the Pyrenees mountains on foot.
By the time he was forced out in October 1941, Fry’s shoestring operation had enabled 2,000 Jewish and other anti-Nazi refugees to flee Europe, including such towering artists as Chagall, Max Ernst and Marcel Duchamp, and intellects such as Arendt, Heinrich Mann and André Breton. It has been estimated that 20,000 refugees made contact with the rescue center in Marseille.
Fry’s illegal efforts made him plenty of enemies from his own country, who accused him of interfering with American neutrality in the war. He angered the state department, officials at the American consulate in Marseille and ERC members in New York. In August 1941, he was arrested by Vichy police and sent back to New York.
Fry died in 1967 at the age of 59. Only a few months earlier, he had received the Croix de Chevalier de la Legion d’Honneur, France’s highest decoration of merit — and the only official recognition in his lifetime. In 1994, he became the first American honored by Yad Vashem, Israel’s Holocaust memorial and history authority, as Righteous Among the Nations.
The Emergency Rescue Committee merged with another relief organization and became the International Rescue Committee in 1942. It is still in operation today and currently led by a Jewish CEO, former British politician David Miliband.
What’s in the show, and why some are against it
Some of Fry’s colleagues are fictionalized in “Transatlantic,” including the Jewish Berliner Albert Hirschman (Lucas Englander), who would become an economist in the United States; the Chicago heiress Mary Jayne Gold (Gillian Jacobs); and the Jewish Austro-Hungarian activist Lisa Fittko (Deleila Piasko). American diplomat Hiram Bigham, who gave Fry crucial help and even hid writer Lion Feuchtwanger in his home, is also a character in the show.
Throughout the seven episodes, rescue missions swirl around a series of fictional love affairs. In addition to Fry’s relationship, a triangle unfolds between Hirschman, Gold and the fictional American Consul Graham Patterson. (There is no evidence that Gold romanced either with her comrade or with any American consul in Marseille.) Lisa Fittko has an affair with the fictional character Paul Kandjo, who organizes armed resistance to Vichy.
Gillian Jacobs as heiress Mary Jayne Gold. (Anika Molnar/Netflix)
Several wartime plot points are also invented, including a prison break at Camp de Mille and Gold’s collaboration with British intelligence.
The degree of fictionalization has angered some people close to the real history. Pierre Sauvage, president of the Varian Fry Institute, called the show’s trailer “shocking.” Born in 1944, Sauvage survived the end of the Holocaust in the French village of Le Chambon-sur-Lignon, although his Jewish parents were turned down by Fry’s overwhelmed committee. He became close friends with some of Fry’s fellow rescuers in their later years, including the late Gold, Hirschman and Fittko.
“Are there any red lines?” he said. “Can one fictionalize at will, with no concern for the reality of the story, for the false impression that people will get — and for the way it affects the private lives of the families of people portrayed?”
Sheila Isenberg, who documented Fry’s operation in her book “A Hero of Our Own,” has described the series as a “travesty.” Thomas Fischer Weiss, a child survivor who attempted Fry’s escape route through the Pyrenees at 5 years old, also said the historical events needed no embellishment.
“I think you should tell it straight,” he told the JTA.
The legacy of the ‘troublemakers’
Sauvage believes that if Fry and his associates were alive today, they would like to be remembered for their convictions.
“These were people who were sort of in your face,” he said. “People who knew clearly what they felt and expressed it. They would often describe themselves as troublemakers. Mary Jayne [Gold] said about Varian that he was an ‘ornery cuss’ — it took orneriness to stick to your guns.”
That orneriness was critical at a time when many Americans were apathetic to the plight of European Jews — a 1938 poll in Fortune magazine found that fewer than 5% believed the United States should raise its immigration quotas for refugees. By the summer of 1941, it was too late to open the doors. The German policy of expelling Jews had changed into extermination.
According to Sauvage, America’s refusal to accept more refugees had something to do with that shift.
“The Nazis could legitimately come to the conclusion that the world wouldn’t do anything about the murders and wouldn’t really care all that much,” he said. “What the Varian Fry mission symbolizes is people who cared.”
Varian Fry with Miriam Davenport in the first offices of the Centre Américain de Secours in Marseille in 1940. Davenport, a friend of Mary Jayne Gold, also worked in the rescue effort but is omitted from “Transatlantic.” (Varian Fry Institute)
After their year in Marseille, the rescuers settled into more ordinary lives. Hirschman became an economist with appointments at Yale, Columbia and Harvard. Lisa Fittko ended up in Chicago, where she worked hard in import-export, translation and clerical jobs to earn money, eventually joining protests against the Vietnam War. Gold divided her time between New York City and a villa on the French Riviera.
They all remembered the rescue mission as their finest hour. Speaking with Sauvage, Gold called that year “the only one in her life that really mattered.”
A refugee story for troubled times
Fry’s rescue mission inspired Julie Orringer to write “The Flight Portfolio,” a 2019 novel that became the basis for “Transatlantic.” Orringer was captivated by the image of a young man arriving in Marseille, idealistic and unprepared for the depth of anguish he would find.
“The task was way too big,” she told the JTA. “He realized quite early on that he was going to ask for help, that he was going to have to turn to others who had deeper experience. And in collecting this group of incredible individuals around him, he assembled a kind of collective mind that really could make a difference under the very difficult circumstances that he faced.”
She believed that Fry left an example for the inexperienced. “If you‘re the kind of person who wants to take action on behalf of refugees, but doesn’t know how to do it, ask for help,” she said.
Winger, a Jewish Massachusetts native who has lived in Berlin for two decades, conceived of making a series about Fry in 2015. Germany saw an influx of more than a million migrants that year, most of them fleeing Syria’s horrific civil war. She optioned Orringer’s book in 2020.
“I thought a lot about the fact that people like us — artists, Jews, both — had to leave Berlin as refugees, but now there were so many people coming to Berlin as refugees,” said Winger.
Then, just as she started filming “Transatlantic” on location in Marseille, a new war broke out in Europe.
“The war in Ukraine started three days into the production and there was a whole other wave of refugees coming to Berlin,” she said. “Suddenly we were making it in another refugee crisis.”
Russia’s invasion of Ukraine hit close to the show, whose cast and crew hail from across the continent. Winger’s cinematographer is married to a Ukrainian woman. In Berlin, she saw thousands of refugees crowding into the central train station, some without shoes, food or plans for shelter.
“I think it gave us all a strong sense of purpose,” said Winger.
—
The post The real Jewish history behind Netflix’s ‘Transatlantic’ and the WWII rescue mission that inspired it appeared first on Jewish Telegraphic Agency.
Uncategorized
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.
Uncategorized
Hating Israel Isn’t New; How the CIA and State Department Undermined the Jewish State
“Teddy Roosevelt’s great-great-great grandson is an anti-Israel protester at Princeton,” blared a New York Post headline on May 4, 2024.
The Post reported that Quentin Colon Roosevelt, an 18-year-old freshman, and descendant of the 25th President, is an anti-Israel activist at the Ivy League university. But far from being hip and new, Quentin’s brand of anti-Zionism is old hat — he is merely continuing a long family tradition of anti-Israel activism.
There is an abundance of literature on Franklin D. Roosevelt’s views on Jews and Zionism, the belief in Jewish self-determination. Both FDR and his wife Eleanor had made antisemitic remarks. In a private conversation in 1938, then-President Roosevelt suggested that by dominating the economy in Poland, Jews were themselves fueling antisemitism. And in a 1941 Cabinet meeting, FDR remarked that there were too many Jewish Federal employees in Oregon. In his final days, FDR promised Saudi leader Abdul Aziz Ibn al Saud that he would oppose the creation of Jewish state in the Jewish people’s ancestral homeland.
FDR is the president who led the United States to victory against Adolf Hitler. He also employed Jews in high-ranking positions in his government. But he is also the president whose administration failed to save more Jews fleeing Nazism, and who refused to bomb the railway tracks leading to Auschwitz and other death camps where millions of Jews met a ghastly end. Accordingly, it makes sense that his beliefs regarding Jews have been the subject of books and belated study.
Less examined, however, is the Oyster Bay branch of the Roosevelt clan, and their beliefs regarding Zionism. In part, this is easily explained by the unique place that FDR holds in American history. He is the only president to serve four terms, and presided over both the Great Depression, World War II, and arguably the beginning of the Cold War. His branch of the family, the Hyde Park Roosevelts, were Democrats and remained active in public life for decades after his 1945 death.
At first glance, the Oyster Bay Roosevelts were more of a turn of the 19th century affair. They were Republicans, and their scion was Teddy Roosevelt, a war hero turned governor of New York state who, thanks to an assassin’s bullet, found himself as the nation’s leader in 1901.
The famously ebullient Roosevelt helped redefine the country’s idea of a president, and served as an inspiration for his cousin Franklin. But Teddy largely presided over an era of peace and tranquility, not war and upheaval.
Teddy was a philosemite. He was the first occupant of the Oval Office to appoint a Jewish American to the Cabinet. He championed the rights of Jews, both at home and abroad, and was harshly critical of the numerous pogroms that unfolded in czarist Russia.
As Seth Rogovoy has noted, Roosevelt’s “special relationship with Jews was forged during his time serving as police commissioner in New York City, a post he assumed in 1904.” When an antisemitic German preacher named Hermann Ahlwardt gave speeches in the city, Roosevelt assigned a contingent of Jewish police officers to guard the man.
Roosevelt was also a Zionist. In 1918, shortly after the Balfour Declaration, he wrote: “It seems to me that it is entirely proper to start a Zionist state around Jerusalem.” He told Lioubomir Michailovitch, the Serbian Minister to the United States, that “there can be no peace worth having … unless the Jews [are] given control of Palestine.” Six months later Roosevelt died in his sleep.
Not all his descendants would share his belief in Jewish self-determination, however.
Two of Teddy Roosevelt’s grandchildren, Kermit and Archie, served their country in the CIA during the early years of the Cold War. Both were keenly interested in Middle East affairs, and were fluent in Arabic. Both were well read and highly educated, authoring books and filing dispatches for newspapers like the Saturday Evening Post, among others.
They were also prominent anti-Zionists.
Kermit Roosevelt, known as “Kim,” played a key role in anti-Zionist efforts in the United States and abroad. He was not, by the standards of his time, an antisemite. But he was ardently opposed to the creation of Israel.
As Hugh Wilford observed in his 2013 book America’s Great Game: The CIA’s Secret Arabists and the Shaping of the Modern Middle East: “the anti-Zionism of the overt Cold War foreign policy establishment is well known” but “less widely appreciated is the opposition to Jewish statehood of the individuals responsible for setting up the United States’ covert apparatus in the Middle East.”
This began with the OSS, the CIA’s precursor. And it included men like Stephen Penrose, a former American University of Beirut instructor, and Kim Roosevelt’s boss during his wartime service in the OSS.
“Documents among Penrose’s personal papers reveal him engaged in a variety of anti-Zionist activities at the same time that he was commencing his official duties with the OSS,” Wilford notes.
Like many of his fellow Arabists, Penrose was the son of American missionaries who, failing to convert the native population to Christianity, sought to foster Arab nationalism instead. Penrose described himself as a “chief cook” who was “brewing” opposition to Zionism. He became one of Kim Roosevelt’s mentors.
In a January 1948 Middle East Journal article entitled, “Partition of Palestine: A Lesson in Pressure Politics,” Kim called the 1947 UN vote in favor of a Jewish state an “instructive and disturbing story.”
Roosevelt believed that the US media was unduly supportive of the creation of Israel, and claimed that almost all Americans “with diplomatic, educational, missionary, or business experience in the Middle East” opposed Zionism.
Kim’s pamphlet was reprinted by the Institute for Arab American Affairs, a New York-based group whose board he sat on. He also began working with the Arab League’s Washington, D.C., office and “turned elsewhere for allies in the anti-Zionist struggle, starting with the Protestant missionaries, educators, and aid workers.”
This nascent group soon received financial support from the American oil industry, which maintained close links to Kim’s OSS/CIA colleague, William Eddy.
As Wilford noted, the Arabian consortium ARAMCO “launched a public relations campaign intended to bring American opinion around to the Arab point of view.”
In addition to missionaries and big oil, Kim gained another important ally in the form of Elmer Berger, a rabbi from Flint, Michigan. Berger served as executive director of the American Council for Judaism, an anti-Zionist group that, among other things, opposed the creation of a Jewish army during World War II at the height of the Holocaust. Berger and Roosevelt became drinking buddies and close collaborators on their joint effort against the Jewish State.
Kim eventually became “organizing secretary” for a group called The Committee for Justice and Peace. The committee’s original chair, Virginia Gildersleeve, was both a longtime friend of the Roosevelts of Oyster Bay and the dean of New York City’s Barnard College, which today is part of Columbia.
Gildersleeve was “also a high-profile anti-Zionist” who “became involved with the Arab cause through her association with the Arabist philanthropist Charles Crane and the historian of Arab nationalism George Antonius.”
Crane, a wealthy and notorious antisemite, had lobbied against the creation of a Jewish state since the beginning of the 20th century, even advising then-President Woodrow Wilson against supporting the Balfour Declaration.
By 1950, the Committee had managed to recruit famed journalist Dorothy Thompson to their cause. Thompson was reportedly the basis for actress Katharine Hepburn’s character in the 1942 movie Woman of the Year. A convert to anti-Zionism, Thompson’s extensive network of reporters and celebrities proved crucial to Kim and Berger’s efforts to rally opposition to the Jewish State. In a 1951 letter to Barnard College’s Gildersleeve, Thompson wrote: “I am seriously concerned about the position of the Jews in the United States.” People, she claimed, “are beginning to ask themselves the question: who is really running America?”
Another ally emerged that year: the Central Intelligence Agency.
The CIA began funding the Committee, as well as its successor, the American Friends of the Middle East (AFME). Beginning in June 1950, Kim’s correspondence with Berger began making veiled references to the ACJ head taking on “official work” in Washington. This, Wilford believes, is a reference to working with the CIA. Indeed, the well-connected Kim and Archie Roosevelt had known top CIA officials like Allan Dulles since childhood.
With support from figures like Eddy, AFME also began encouraging Muslim-Christian alliances — ostensibly to counter Soviet influence, but also to attack the Jewish state. This led to some awkward alliances, including with Amin al-Husseini, the founding father of Palestinian nationalism and an infamous Nazi collaborator.
Husseini had ordered the murders of rival Palestinians, incited violence against Jews since the 1920s, and had led forces, equipped with Nazi-supplied arms, to destroy Israel at its rebirth in 1948. Now, along with the Secretary General of the Arab League, and Saudi King Ibn Saud, he was meeting with Eddy to discuss a “moral alliance” between Christians and Muslims to defeat communism. Kim himself knew Husseini, having interviewed him for the Saturday Evening Post after World War II.
AFME lobbied for the appointment of anti-Zionist diplomats and in favor of Eisenhower administration efforts to withhold aid from Israel. And both Berger and Thompson pushed for favorable coverage of the new Egyptian dictator, Gamal Nassar, who would wage war on the Jewish state for nearly two decades. Initially, they were successful, with TIME magazine writing that Nasser had the “lithe grace of a big, handsome, all-American quarterback.” Of course, there was nothing “all-American” about Nasser, who would become a Soviet stooge.
AFME officials like Garland Evans Hopkins would draw rebukes after claiming that Jews were bringing violence against themselves — a staple of antisemitism. Hopkins claimed that Zionists “could produce a wave of antisemitism in this country” if they continued acting against “America’s best interests in the Middle East.”
AFME itself would eventually lose influence, particularly after its boosting of figures like Nasser was revealed as foolhardy. Berger would go on to advise Senator J. William Fulbright (D-AR) in his efforts to get pro-Israel Americans to register as foreign agents.
In 1967, as Arab forces gathered to annihilate Israel, Berger blamed the Jewish State, accusing it of “aggression” and its supporters of “hysteria.” Top ACJ officials resigned in protest. That same year, Ramparts magazine exposed CIA support, financial and otherwise, of AFME.
Kim and Archie Roosevelt, however, would continue their careers as high-ranking CIA officers before eventually starting a consulting business and making use of their extensive Middle East contacts.
For some college protesters, attacking Israel — and American support for Israel — might seem new and trendy. Yet, both the CIA and big oil were precisely doing that, decades ago, forming alliances with anti-American dictators, antisemitic war criminals, the press, Protestant groups, academics, university administrators, and fringe Jewish groups claiming to represent “what’s best” for American Jewry.
As William Faulkner once wrote: “The past is never dead. It’s not even past.”
The writer is a Senior Research Analyst for CAMERA, the 65,000-member, Boston-based Committee for Accuracy in Middle East Reporting and Analysis
The post Hating Israel Isn’t New; How the CIA and State Department Undermined the Jewish State first appeared on Algemeiner.comhttps://www.algemeiner.com/.
Uncategorized
Canada’s economic growth projected to be about 1% in the first half of 2024
Canada is a country with a thriving Jewish community and has traditionally offered the security of a strong economy for residents. The national economic outlook is naturally something that everyone in Canada’s Jewish community keeps track of – especially those involved in business in the various provinces.
With this in mind, the July 2023 Monetary Policy Report from the Bank of Canada made for interesting reading, projecting a moderate economic growth figure of around 1% for the first half of 2024. This is in line with growth figures that had been forecast for the second half of 2023, and sees the country’s economy remain on a stable footing.
Steady projected growth for first half of 2024
Although projected economic growth of around 1% in early 2024 is not as impressive as figures of around 3.4% in 2022 and 1.8% in 2023, it is certainly no cause for alarm. But what might be behind it?
Higher interest rates are one major factor to consider and have had a negative impact on household spending nationally. This has effectively seen people with less spending power and businesses in Canada generating less revenue as a result.
Interest rate rises have also hit business investments nationally, and less money is being channelled into this area to fuel Canada’s economic growth. When you also factor in how the weak foreign demand for Canadian goods and services has hit export growth lately, the projected GDP growth figure for early 2024 is understandable.
Growth in second half of 2024 expected
Although the above may make for interesting reading for early 2024, the Bank of Canada’s report does show that economic growth is expected to pick up in the second half of the year. This is projected to be due to the decreasing effect of high interest rates on the Canadian economy and a stronger foreign demand for the country’s exports.
Moving forward from this period, it is predicted that inflation will remain at around 3% as we head into 2025, and hit the Bank of Canada’s inflation target of 2% come the middle of 2025. All of this should help the country’s financial status remain stable and prove encouraging for business leaders in the Jewish community.
Canada’s economic growth mirrors iGaming’s rise
When you take a look at the previous growth figures Canada has seen and also consider the growth predicted for 2024 (especially in the second half of the year), it is clear that the country has a vibrant, thriving economy.
This economic growth is something that can be compared with iGaming’s recent rise as an industry around the country. In the same way as Canada has steadily built a strong economy over time, iGaming has transformed itself into a powerful, flourishing sector.
This becomes even clearer when you consider that Canadian iGaming has been a major contributor to the sustained growth seen in the country’s arts, entertainment and recreation industry, which rose by around 1.9% in Q2 of 2023. The healthy state of online casino play in Canada is also evidenced by how many customers the most popular casino platforms attract and how the user experience these operators offer has enabled iGaming in the country to take off.
This, of course, is also something that translates to the world stage, where global iGaming revenues in 2023 hit an estimated $95 billion. iGaming’s global market volume is also pegged to rise to around $130 billion by 2027. These kinds of figures represent a sharp jump for iGaming worldwide and show how the sector is on the ascent.
Future economic outlook for Canada in line with global expectations
When considering the Canadian economic outlook for 2024, it is often useful to look at how this compares with global financial predictions. In addition to the rude health of iGaming in Canada being reflected in global online casino gaming, the positive economic outlook for the country is also broadly in line with expectations for many global economies.
Global growth is also predicted to rise steadily in the second half of 2024 before becoming stronger in 2025. This should be driven by the weakening effects of high interest rates on worldwide economic prosperity. With rate cuts in Canada already expected after Feb 2024’s inflation report, this could happen in the near future.
The performance of the US economy is always of interest in Canada, as this is the country’s biggest trading partner. Positive US Q2 performances in 2023, powered by a strong labor market, good consumer spending levels and robust business investments, were therefore a cause for optimism. As a US economy that continues to grow is something that Canadian businesses welcome, this can only be a healthy sign.
Canada set for further growth in 2024
Local news around Canada can cover many topics but the economy is arguably one of the most popular. A projected GDP growth figure of around 1% for Canada’s economy shows that the financial state of the country is heading in the right direction. An improved financial outlook heading into the latter half of 2024/2025 would make for even better reading, and the national economy should become even stronger.