The Globe and Mail reports in its Saturday edition that real gross domestic product grew in July for the first time in four months and by slightly more than expected, suggesting the economy will likely avoid a recession this year despite U.S. tariffs. The Globe's Nojoud Al Mallees writes that Statistics Canada reported Friday that the 0.2-per-cent increase in real GDP was largely driven by growth in goods-producing industries. The mining, quarrying and oil-and-gas-extraction sector led growth in July, expanding by 1.4 per cent. Statscan's preliminary estimate for August indicates the economy was unchanged that month. The rebound in growth in July, along with the August estimate, suggest the economy expanded in the third quarter. That follows a 1.6-per-cent annualized contraction in the second quarter as the United States imposed steep tariffs on its trading partners. CIBC senior economist Andrew Grantham said the economy is tracking for 0.8-per-cent annualized growth in the third quarter, which is stronger than previously expected but lower than the Bank of Canada's forecast in July. "We think that a further interest rate cut is still warranted, and continue to forecast a move at the October meeting," he said in a note.