The Globe and Mail reports in its Saturday, Aug. 1, edition that the Canadian economy posted stronger-than-expected growth in May, with real GDP rising 0.3 per cent, beating forecasts. The Globe's Sophia Bertuzzi reports that an advance estimate for June points to an additional 0.2-per-cent gain, positioning the economy for annualized growth above 3 per cent in the second quarter, exceeding the Bank of Canada's 2.5-per-cent projection and outperforming the U.S.'s 1.5-per-cent growth for the same period. However, new tariffs could affect this recovery in the latter half of the year. Earlier this year, after two back-to-back quarters of negative annualized growth, Canada entered what's called a "technical recession." However, April GDP data suggested the Canadian economy has rebounded from that period of stagnation. Coupled with May's expansion and June's preliminary estimate, the data suggest the second quarter is on track for recovery, said Desjardins economist LJ Valencia. But second quarter growth could be short-lived, Mr. Valencia warned, as trade uncertainty and higher energy prices from geopolitical conflict risk weighing on the outlook. Growth could also be challenged by Washington's new slate of tariffs.