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Canada’s Economy Wavers Unexpectedly Amid Supply Bottlenecks

  • Disappointing third-quarter result comes after weak first half
  • Tepid data could complicate central bank’s rate-hike timeline
Port Of Montreal As Supply Chain Struggles To Recover From Disruptions
Photographer: Christinne Muschi/Bloomberg
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Canada’s economic growth unexpectedly faltered at the end of the third quarter, casting doubts on the strength of the nation’s recovery.

Gross domestic product was little changed in September, according to a preliminary estimate from Statistics Canada released Friday, while the expansion was a less-than-expected 0.4% in August. Overall for the third quarter, the economy grew by 0.5%, or an annualized pace of around 2%.