The Globe and Mail reports in its Wednesday edition that the Canadian economy bounced back to expansion in the spring months. The Globe's Sophia Bertuzzi writes that real gross domestic product jumped by 0.5 per cent between March and April, with a preliminary estimate for May showing an additional 0.1-per-cent gain, Statistics Canada reported on Tuesday. The economy is tracking toward annualized growth of more than 2 per cent in the second quarter. The Canadian economy has largely flatlined over the past year as it faces major headwinds from U.S. tariffs, which sent a shock through certain export sectors and dampened companies' investment and hiring plans. Real GDP contracted in both the fourth quarter of 2025 and the first quarter of 2026 on an annualized basis. While two consecutive quarters of decline is sometimes referred to as a "technical recession," economists on Bay Street have mostly rejected the label and said the numbers so far don't amount to a full-blown recession. Stéfane Marion, chief economist at National Bank, said, however, that he will be more confident that Canada is on a steady growth path when business investment recovers, which will be difficult in the face of trade negotiations.