Connect with us

Uncategorized

What Jewish voters need to know about Ron DeSantis, the Florida Republican running for president

(JTA) – In late April, Florida Gov. Ron DeSantis visited Jerusalem, voicing support for Israeli West Bank settlements, touting a law he had just signed giving families thousands of dollars per year in private school tuition vouchers and signing a bill that increased penalties for antisemitic harassment.

Two weeks later, his education department rejected two new textbooks on the Holocaust as part of a clampdown on what he has called “woke indoctrination.”

Those two developments may anchor the Jewish arguments for and against DeSantis as he stands on the cusp of announcing a campaign for the Republican presidential nomination.

Supporters paint him as a steadfast ally of Israel who speaks to the pocketbook concerns of Jewish families. In the years since he became Florida’s governor in 2019, the state has seen an influx of Orthodox Jews, drawn both by lax pandemic policies and the promise of discounted day school tuition.

But DeSantis’ opponents portray him as a cultural reactionary whose anti-“woke” politics are inhibiting education on the Holocaust and antisemitism — along with teaching about race, gender and sexuality. He has repeatedly condemned George Soros, the progressive megadonor who is an avatar of right-wing antisemitic conspiracy theories. Surveys show that his near-total restriction of abortion rights is unpopular with Jews nationally.

And hanging over the campaign is the candidacy of former President Donald Trump, who is running for a second term, is leading in the polls — and shares much in common with DeSantis even as he has attacked him.

While DeSantis’ allies have played up some of their differences (such as DeSantis’ youth and military service), when it comes to their respective records on issues of interest to Jewish voters, Trump and DeSantis are less distinct.

Each has sought to cultivate Jewish support by focusing on Israel and erasing church-state separations that, Orthodox Jewish leaders argue, inhibit religious freedoms. And both have attracted white nationalist supporters while leaning into the culture wars.

DeSantis is set to officially announce his campaign in a chat with Elon Musk, who was just condemned by a wide range of Jewish figures (and defended by a handful of others) for tweeting that Soros “hates humanity.”

Here’s what you need to know about DeSantis’s Jewish record:

He has been an outspoken booster of Israel.

Florida Gov. Ron DeSantis speaks at a Jerusalem Post conference at the Museum of Tolerance in Jerusalem on April 27, 2023. (Yonatan Sindel/Flash90)

DeSantis, a Catholic, has a visceral affinity for Israel, and has framed his support for the country in religious terms.

“When I took office, I promised to make Florida the most pro-Israel state in the United States, and we have been able to deliver on that promise,” he said this week, addressing evangelical Christians at the National Religious Broadcasting Convention in Orlando, The Jerusalem Post reported.

He likes to tell audiences that on his first visit to Israel as a U.S. congressman, his wife Casey scooped up water from the Sea of Galilee into an empty bottle to save for baptisms. The couple had yet to have children.

The water came in handy for the baptisms of their first and second children, but after DeSantis was elected governor, staff at his residence cleared away the unremarkable bottle (which was still half full) after their second child was baptized in 2019. Not long afterward, DeSantis mentioned the minor fiasco in passing at a synagogue in Boca Raton, and before he knew it people were sending him bottles of water from Israel.

The gesture still moves him. “I was sent, all the way from Israel, this beautiful big glass jar filled with water from the Sea of Galilee that sat on my desk in the governor’s office in Tallahassee until our third child was born and baptized, and we used that water to do it,” DeSantis said last month when he visited Israel.

DeSantis made Israel a focus when he was congressman, taking a leading role in advocating for moving the U.S. embassy from Tel Aviv to Jerusalem. He was among a group of lawmakers who toured Jerusalem in March 2017 and was bold enough to pick out what he said would be the likeliest site. 

In November of that year, as chairman of the House national security subcommittee, he convened a hearing on what he called the necessity of moving the embassy. The following month, Trump announced the move, and the site the Trump administration chose was the one DeSantis had identified.

In May 2019, just months after becoming governor, DeSantis convened his state cabinet in Jerusalem and gave a definition of antisemitism favored by the pro-Israel community the force of law. The same year, he banned government officials from using Airbnb after the vacation rental broker removed listings in West Bank settlements. DeSantis’ blacklisting of the company was seen was key to Airbnb reversing the decision.

He’s garnered allies — and enemies — among Florida’s Jews.

DeSantis has done much to cultivate support in Florida’s growing Orthodox community, which shares his enthusiasm for bringing faith into government.

In 2021, DeSantis came to a Chabad synagogue in Surfside to sign two bills, one affording state recognition to Hatzalah, the Jewish ambulance service, and the other tasking all Florida public schools with setting aside a daily moment of silence, long a key initiative of the Chabad movement.

In his first gubernatorial campaign in 2018, DeSantis campaigned on steering state money to religious day schools. This year he made good on the promise, signing a law that makes $7,800 in scholarship funds available annually to schoolchildren across the state, regardless of income, and to be used at their school of choice.

DeSantis also has plenty of Jewish enemies in a state where the majority of the Jewish community votes for Democrats.

In his first term, he had a contentious relationship with Nikki Fried, a Democrat who, as agriculture commissioner, was one of the four ministers in the Cabinet who had a vote. DeSantis maneuvered to freeze her out of the decision-making process.

Fried, who describes herself as a “good Jewish girl from Miami,” now chairs the state’s Democratic Party. She routinely calls DeSantis a fascist. In April, she was arrested at an abortion rights protest outside Tallahassee’s City Hall.

Under DeSantis, Florida has prohibited abortions after six weeks of pregnancy. That stance has set him up for clashes with other prominent Jews in the state as well. Last year, he suspended Andrew Warren, a Jewish state attorney, because Warren pledged not to prosecute individuals who seek or provide abortions after the U.S. Supreme Court overturned Roe v. Wade.

L’Dor Va-Dor, a synagogue in Boynton Beach, spearheaded the first lawsuit filed against Florida’s abortion ban in 2022, citing religious freedom arguments. Daniel Uhlfelder, a Jewish lawyer who drew attention when he dressed as the Grim Reaper to protest DeSantis’s reopening of the beaches during the pandemic, signed on as an attorney for the synagogue.

His “war on woke” has had implications on Holocaust education.

Recently, much of DeSantis’ tenure has been defined by what he calls the “war on woke,” a term originated by Black Americans to describe awareness of racial inequity but now more often functions as shorthand for conservative criticism of progressive values.  DeSantis has enacted multiple pieces of legislation restricting what can be taught in schools and has also limited transgender rights, banning gender-affirming medical care for children.

While most of the books challenged under DeSantis’ education laws have focused on race and gender, the study of the Holocaust has been affected as well. In addition to the education department’s rejection of the Holocaust textbooks this month, Florida laws that make teachers liable for teaching inappropriate content to students have led multiple school districts to take Holocaust novels off the shelves, including a graphic novel adaptation of Anne Frank’s diary.

DeSantis calls claims that he’s chilling Holocaust education “fake narratives.” He and his defenders point to his requiring all Florida public schools to certify that they teach about the Holocaust.

Neo-Nazi and white supremacist activity has increased under his watch.

A recent report from the Anti-Defamation League described an upward trend of extremist and antisemitic activity in the Sunshine State, driven in part by emerging white supremacist groups — some of whom have gone to bat for DeSantis in the past.

DeSantis has been dogged by accusations that he caters to the far right. One of the most stinging exchanges in the 2018 election season came when Andrew Gillum, DeSantis’s Democratic opponent in the race, accused DeSantis of not being forceful enough in renouncing the white nationalists who expressed support for him in robocalls.

“First of all, he’s got neo-Nazis helping him out in this state,” Gillum said. “Now, I’m not calling Mr. DeSantis a racist, I’m simply saying the racists believe he’s a racist.” DeSantis flinched.

DeSantis eked out a victory a few weeks later, and was soundly reelected last year, but he remains sensitive on the issue. Last year, when neo-Nazis intimidated Orlando’s Jews with signs and shouts at an overpass, politicians in the state reflexively condemned them. A reporter asked DeSantis why he had not done so, and after calling the neo-Nazis “jackasses,” the governor said the question was a “smear” and added, “We’re not playing that game.” (Several months later, the leader of the antisemitic propaganda group Goyim Defense League moved from California to Florida, saying he thought the Sunshine State would be more hospitable to his efforts.)

DeSantis has also called liberal prosecutors “Soros-funded”. It’s not an unusual political gambit — the billionaire Jewish liberal donor does fund progressives running for prosecutor. But Soros has also been the focus of multiple conspiracy theories that antisemitism watchdogs say are antisemitic, casting the Holocaust survivor as a malign influence with excessive power.

Some Jewish donors are already supporting him.

DeSantis appeared last year at a conference in New York of Jewish conservatives, where he talked to a friendly audience about his war against the “woke” and was also conveniently in the room with some of the most generous Republican donors.

He is reportedly working some of those donors, who gave generously to his gubernatorial runs. He was a star last November at the Republican Jewish Coalition’s annual Las Vegas confab, and Axios reported that he met with Miriam Adelson, the widow of GOP kingmaker Sheldon Adelson, as well as other Jewish donors when he was in Jerusalem last month.

A number of them are hanging back, not wanting to alienate Trump while he remains influential in the party. (Adelson has said she does not want to weigh in on the primaries.)

Among the Jewish donors and fundraisers said to be in DeSantis’s camp: Jay Zeidman, a onetime Jewish White House liaison who is now a Houston based businessman; Gabriel Groisman, a lawyer who is the former mayor of Bal Harbor; and Fred Karlinsky, a leading insurance lawyer.

Last week, Jewish conservative political commentator Dave Rubin tweeted that DeSantis would bring “Freedom, sanity and competency” to the country. Groisman shared the tweet with the word “This.”


The post What Jewish voters need to know about Ron DeSantis, the Florida Republican running for president appeared first on Jewish Telegraphic Agency.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Uncategorized

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.

Continue Reading

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/.

Continue Reading

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.

Continue Reading

Copyright © 2017 - 2023 Jewish Post & News