Newton's 3rd law states that for every force, exerted by object A towards object B, there is another force, equal in magnitude and opposite in direction, exerted by object B towards object A.
Note that there are no 'reactions' involved, both forces occur simultaneously. When I push a wall, the wall pushes me, but neither of us is 'reacting'. Both forces 'come into existence' at the same time.
All forces in Newtonian Mechanics follow Newton's 3rd Law.
The boat is subject to the force of gravity by the Earth, and its force-pair is the force of gravity done by the boat towards the Earth (of course, the Earth is so massive that this force is insignificant).
The boat also exerts a force towards the body of water, compressing it a bit and pushing some water molecules away. The force-pair of these multiple forces are done by each part of the body of water towards the boat. There is a part of these forces that has a net magnitude upwards.
The boat then feels 2 net forces, one downward caused by the Earth, and one upward caused by the body of water. They are equal in magnitude and so the boat remains at the surface of the water without sinking.
On the other hand, the Earth feels a force upwards, but it is insignificant, plus there are plenty of other forces on it in other directions, so the Earth doesn't really move. The body water also feels 'a' force, which causes it to be displaced around the boat.
The water itself is also attracted to Earth by gravity, so there is another force-pair between water and the Earth. The displaced body of water rises above its previous level. This has an effect on the entire body of water around the boat, and is part of the reason the boat is buoyant.