As some companies struggle with flu plans, others profit from pandemic

The Canadian Press ~ The News
Send to a friend

Send this article to a friend.

Many Canadian companies expect the H1N1 flu to hand them staff shortages and dropping revenue, but others are looking to turn a healthy profit.
The Bank of Montreal (TSX:BMO) has calculated that a mild pandemic would cut annual economic growth by two percentage points, while a severe outbreak would cut growth by six percentage points.
But not all businesses will suffer from the pandemic.
Medical equipment maker Noveko International Inc. (TSX:EKO) says it's received so many orders for its face masks that it's had to turn some down, while demand for its hand sanitizer has gone through the roof.
And Montreal-based AXA Assistance has launched a pandemic assistance hotline to help companies reduce the disruption in their day-to-day activities due to the flu.
Meanwhile, Glaxo Smith Kline's (NYSE:GSK) facility in Quebec City has already produced seven million doses of H1N1 vaccine and expects to produce millions more in the weeks ahead.

Organizations: TSX, Bank of Montreal, BMO Noveko International Inc. AXA Assistance NYSE

Geographic location: Quebec City

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page