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Ukrainian Jewish life has always taken place in Russian. Now a race to translate is underway.

LVIV, Ukraine (JTA) – The rabbis sat around a breakfast table, discussing Russia’s war on the country where they work in a mixture of Yiddish, Hebrew and Russian. They named their hometowns as Lugansk, Lvov and Dnepr, the Russian names for Ukrainian cities that have vaulted into international headlines since Russia invaded Ukraine in February.

Although they were focused on Ukraine’s progress in the fighting, the rabbis uttered not a single word in Ukrainian. How could they? Like the vast majority of Jews in Ukraine, none of them speaks the country’s official language.

Russian has long been the first language for a wide swath of Ukrainians, including the majority of the country’s Jews. But after the Russian invasion, many Ukrainians decided they wanted to speak less Russian and more Ukrainian. Many Jews, similarly horrified by the sight of thousands of Russian soldiers pouring over Ukraine’s borders and wishing to demonstrate their Ukrainian bonafides, have made the same choice — even as it means disrupting a long linguistic tradition.

So when the rabbis’ successors meet for pancakes and sour cream, they will be far more likely to introduce themselves as the rabbis of Luhansk, Lviv and Dnipro, the Ukrainian names for their hometowns that have become the standard in English. They will also likely be able to hand their students and congregants Ukrainian-language versions of central Jewish texts that simply do not exist now.

“Many of my friends say that they are embarrassed to use Russian as a language. They say that we are Ukrainian Jews, and that Russia is a terrorist country fighting us and that we shouldn’t use their language,” said Rabbi Meir Stambler, from Dnipro. “Others say that [Russian president Vladimir] Putin doesn’t own the Russian language. It is an issue.”

He added, “This is something that people are discussing all the time.”

A decade ago, half of Ukrainians said they spoke Russian as their native language. That number has declined to 20%, fueled in part by resentment over Russia’s aggressions in Crimea, a contested region that it annexed by force in 2014. But Jews have remained predominantly Russian-speaking, even in parts of western Ukraine where Ukrainian has long been the dominant language. (Russian and Ukrainian are related linguistically, but their speakers cannot understand each other.)

Russia’s war on Ukraine has Ukrainian Jews playing catchup. Stambler, who heads the Federation of Jewish Communities, a body affiliated with the Hasidic Chabad-Lubavitch movement that operates a network of 36 synagogues around Ukraine, offers a stark prediction: “Within 10 years, every Jew in Ukraine will speak Ukrainian.”

The dominance of Russian among Ukraine’s Jews, who numbered in the tens of thousands before the war, has deep roots.

“The historical trajectory of Jews in what is now Ukraine led them in the 19th century to adopt Russian rather than Ukrainian,” says historian Natan Meir, a professor of Judaic studies at Portland State University. “That was because Ukrainian was perceived as a peasant language that did not have any high culture associated with it, and because there were no economic advantages to adopting Ukrainian at the time.”

Now, the upside of switching to Ukrainian — demonstrating a national allegiance during a time of war — couldn’t be clearer.

“Jews feel quite integrated into Ukrainian society, but a shift, even if it is a gradual shift, to Ukrainian is going to make that more tangible than ever,” Meir said, calling the Russian invasion “absolutely game-changing” for Ukrainian Jews. “They will be perceived even more strongly than they have been as being wholly Ukrainian and part of the fabric of Ukrainian society.”

Most Ukrainian Jews, especially those educated since the collapse of the Soviet Union, can now speak some Ukrainian. But their ability often depends on where they grew up: Many Jews in traditionally Russophone cities such as Odesa, Dnipro or Kharkiv can struggle with the language, while their grandparents often cannot speak it at all.

Books in both Hebrew and Russian sit on a bookshelf at Medzhybizh. (Jacob Judah)

“Not more than 20% were Ukrainian-speaking at home,” says Stambler. “Take President [Volodymyr] Zelensky. He knew Ukrainian, but he didn’t speak it at home, and he had to polish it up when he became president.”

It will not be simple for the Jewish community to suddenly switch to Ukrainian, the most widely spoken European language without a standardized translation of the Torah.

Two years ago, a team of translators working in Israel, Austria and Hungary began working to produce Ukrainian-language Jewish texts. But before the Russian invasion, the effort had so far produced only a Ukrainian book of psalms, or tehillim.

In May, two months into the war, a decision was made to accelerate work on a daily prayer book. A Torah could follow.

“The chumash is difficult,” said Stambler, who oversees the half-dozen-strong team of translators from his base in Dnipro, using the Hebrew word for the printed form of the Torah. “We are working on it.”

While translating sacred texts can take years, other changes have come faster. The leaflets, brochures and calendars that are a fixture at any Jewish center in Ukraine were quickly swapped out Russian for Ukrainian, at least at the federation’s headquarters. Before February, these had often been produced and printed by Russian Jewish communities and shared with those in Ukraine, for simplicity’s sake.

“This differentiation from Russian Jewry is going to be huge,” said Meir, the historian. “Up until this point they have essentially formed one linguistic and cultural space that all Jews, whether they were in Ukraine, Russia or Belarus could move freely between.”

Now, the ties between those communities are both logistically complicated to maintain — trade routes have been ruptured — and also potentially a liability at a time when anyone in either Russia or Ukraine showing an affinity for the other country can face suspicion or penalties.

“This shift, if it actually happens, is going to be marking out a totally new cultural space for Ukrainian Jews and almost a declaration of independence,” Meir said “Or at least that is the aspiration, because there is so much of their heritage which is still based in the Russian language that it is going to be a long time before they can fully separate.”

That separation process, which began to take shape most clearly after 2014, has quickened. “We started doing things ourselves,” said Stambler. “We used to do about 20% in Ukrainian for the Jews in western towns like Lviv, Ivano-Frankivsk and Uzhhorod, but we are making a much stronger push now.”

He estimates that some 75% of material being distributed to Ukrainian Jewish communities by the Federation of Jewish Communities was in Ukrainian by September, up from 20% to 35% in January.

Young rabbis who come from the United States or Israel to serve small Jewish communities across Ukraine now say that they have had to add Ukrainian alongside their Russian classes.

“I began with Russian,” said one of those rabbis who works in Vinnitsya, until he decided over the summer that he had to learn Ukrainian. “I realized that I had to learn Ukrainian because I needed it on the street. I needed it to speak with the government and with the media.”

Signs in a synagogue in Ukraine are written in both Ukrainian and Russian. (Jacob Judah)

Some Ukrainian Jews are voting with their voices.

“My whole life, I spoke only Russian,” said Olha Peresunko, who before the war lived in Mikolaiv in southern Ukraine. “But after the 24th of February I am speaking only Ukrainian.”

Peresunko was speaking outside a Lviv synagogue this fall, where she and other refugees were waiting for food parcels. She had fled Mikolaiv, which has sustained repeated assault by Russian troops, for Lviv with her mother and two children while her husband is on the frontlines.

Her children are finding it hard to adjust to the exclusive Ukrainian environment in Lviv, but she is confident that they will make the shift. “They will speak Ukrainian as their first language,” Peresunko said.

Exactly how much the shift to Ukrainian will change local Jewish communities is a matter of debate. Rabbi Shalom Gopin, who fled to Kyiv in 2014 from his home community in Luhansk, an overwhelmingly Russophone city seized by Russia-backed separatists at that time, said he, too, believes that Ukrainian will displace Russian as the lingua franca of Ukrainian Jewry.

A Ukrainian woman displays her Ukrainian-language Jewish calendar as a source of pride, September 2022. (Jacob Judah)

“They are starting to slowly speak Ukrainian,” he said. “It is no problem. There are lots of Jews in America who speak English. We live here, and we speak the languages of the places that we live. It is normal.”

But Gopin said the linguistic shift “means nothing” amid other issues facing Jews in Ukraine, where Russia’s war is threatening to undo 30 years of Jewish community building, largely though not exclusively led by Chabad, Gopin’s Orthodox movement.

“The problem for the Jews of Ukraine is not language,” he said. “It is about how much they are going to synagogue, or how many children are going to Jewish schools, not about what they are speaking.”

Natalia Kozachuk, 45, a Jewish businesswoman in Lviv, sees only upside to shedding Russian, her native language. She has started to speak to her children only in Ukrainian.

“It will be hugely positive if Jews speak more Ukrainian,” Kozachuk said. This is the only way that Jews can truly “learn more about the Ukrainian people,” she said, “about their history and the positive qualities and strengths of Ukraine.”

“Only good can come of it,” she added. “We will understand each other better.”


The post Ukrainian Jewish life has always taken place in Russian. Now a race to translate is underway. 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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