Economics
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
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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%.