The latest number was downgraded from the Commerce Department's previous Q4 estimate of 0.7%
The firm's forecast assumes the energy market disruption will moderate over time
Consumer prices rose 2.4% in February on an annual basis
Higher oil price to benefit oilpatch, but will drag on consumer spending
Consumer spending rose 2.4%, down from 3.5% in Q3
Unemployment may have peaked, but excess supply to curb wage growth
13% of young adults spend more than $1,000 a year on lifestyle subscriptions
Lower-income households have lost ground since 2023
Higher spending across the board, including lower-income groups, a risk to Canada's future growth
Sales rose in 8 of 9 subsectors Statistics Canada tracks