National Business

NEWMARKET, Ont. — AirBoss of America Corp. says its net profit surged in the third quarter on a more than doubling of revenues from supplying respirators and related products ordered by U.S. government agencies in response to COVID-19.

HALIFAX — Shares of Chorus Aviation Inc. fell as much as 12.7 per cent Wednesday after the regional aviation company reported third-quarter results that missed expectations as it continues to feel the effects of COVID-19.

CALGARY — Three weeks after its initial public offering, Topaz Energy Corp. says it expects about 15 per cent growth in royalty production and 38 per cent higher adjusted earnings next year compared with this year.

FRANKFURT — European Central Bank head Christine Lagarde warned Wednesday that the economy could face a “bumpy,” “stop-start” recovery despite good news about vaccine development.

DETROIT — The U.S. government's road safety agency is investigating complaints that the rear suspensions on some older Cadillac SUVs can fail, causing drivers to lose control and possibly crash.

Hong Kong and Singapore will start an air travel bubble at the end of November, allowing travellers from each city to visit the other without entering quarantine in a first step to stimulate tourism amid the coronavirus pandemic. Starting Nov.

MONTREAL — CGI Inc. reported its fourth-quarter profit fell more than 20 per cent compared with a year ago as it was hit by a restructuring charge. The business and technology consulting firm says it earned $251.

TORONTO — Aimia Inc. reported a loss in its latest quarter compared with a profit a year ago. The company says it lost $10.8 million or 15 cents per share for its third quarter which ended Sept. 30. That's compared with a profit of $16.

SAN DIEGO — California voters rejected a proposal to partially dismantle the state’s 42-year-old cap on property taxes, a move that would have have raised taxes for many businesses in a pandemic-hobbled economy.

Shares were mostly higher Wednesday in Asia after a worldwide rally spurred by hopes that a COVID-19 vaccine will help the global economy return to normal.