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Stock market news live updates: Stocks rise after Trumps signals support for some virus relief – Yahoo Canada Finance

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Stocks rose after a flurry of Twitter posts from President Donald Trump, who announced his support for specific virus relief measures, despite saying earlier that he told negotiators to end stimulus talks until after the election.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="[Click here to read what’s moving markets heading into Thursday, Oct. 8]” data-reactid=”17″>[Click here to read what’s moving markets heading into Thursday, Oct. 8]

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The three major indices extended gains intraday Wednesday after dropping on Tuesday. The Dow added more than 400 points shortly before noon in New York. Airline, cruise line and lodging stocks rose as the prospects of at least some stimulus appeared back on the table. Shares of Eli Lilly (LLY) rose after the drugmaker announced it was seeking emergency use authorization from the FDA for its experimental Covid-19 antibody treatment.” data-reactid=”18″>The three major indices extended gains intraday Wednesday after dropping on Tuesday. The Dow added more than 400 points shortly before noon in New York. Airline, cruise line and lodging stocks rose as the prospects of at least some stimulus appeared back on the table. Shares of Eli Lilly (LLY) rose after the drugmaker announced it was seeking emergency use authorization from the FDA for its experimental Covid-19 antibody treatment.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="“The House &amp; Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, &amp; 135 Billion Dollars for Paycheck Protection Program for Small Business,” Trump wrote in a Twitter post late Tuesday. “Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now!”” data-reactid=”19″>“The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business,” Trump wrote in a Twitter post late Tuesday. “Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now!”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Trump also added that he was “ready to sign now” a standalone bill to send another round of $1,200 stimulus checks to taxpayers.” data-reactid=”20″>Trump also added that he was “ready to sign now” a standalone bill to send another round of $1,200 stimulus checks to taxpayers.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Earlier Tuesday afternoon, Trump said in his Twitter posts that he instructed his representatives “to&nbsp;stop negotiating until after the election,” after which he expected to win and “pass a&nbsp;major&nbsp;Stimulus Bill that focuses on hardworking Americans and Small Business.”” data-reactid=”21″>Earlier Tuesday afternoon, Trump said in his Twitter posts that he instructed his representatives “to stop negotiating until after the election,” after which he expected to win and “pass a major Stimulus Bill that focuses on hardworking Americans and Small Business.”

Previously, investors had held onto slim hopes that lawmakers might succeed in passing another comprehensive fiscal stimulus package before Election Day on Nov. 3. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi held talks over the deal regularly over the past week, though the officials for months had failed to reconcile the discrepancies between their plans, which last stood at $2.2 trillion for House Democrats versus an about $1.6 trillion offer from Mnuchin.

Even before Trump’s announcement Tuesday afternoon, analysts at Eurasia Group said they believed passage of a pre-election stimulus package had an only 20% probability of transpiring, according to a research note Monday.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The announcement came just hours after Federal Reserve Chair Jerome Powell issued in a speech one of his firmest calls yet for lawmakers to advance fiscal stimulus to promote the economic recovery, saying that the rebound would be “stronger and move faster if monetary policy and fiscal policy continue to work side by side to provide support to the economy until it is clearly out of the woods.”” data-reactid=”24″>The announcement came just hours after Federal Reserve Chair Jerome Powell issued in a speech one of his firmest calls yet for lawmakers to advance fiscal stimulus to promote the economic recovery, saying that the rebound would be “stronger and move faster if monetary policy and fiscal policy continue to work side by side to provide support to the economy until it is clearly out of the woods.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Elsewhere, Big Tech companies including Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL) and Facebook (FB) traded higher and shook off Tuesday’s declines, after the House Judiciary’s Antitrust Subcommittee released an about 450-page report describing these companies as having “expanded and exploited their power of the marketplace in anticompetitive ways.” The report outlined a wide-reaching array of measures to try and curb these companies’ power, which, if advanced into legislation, could eventually lead to breaking up parts of the companies’ businesses.” data-reactid=”25″>Elsewhere, Big Tech companies including Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL) and Facebook (FB) traded higher and shook off Tuesday’s declines, after the House Judiciary’s Antitrust Subcommittee released an about 450-page report describing these companies as having “expanded and exploited their power of the marketplace in anticompetitive ways.” The report outlined a wide-reaching array of measures to try and curb these companies’ power, which, if advanced into legislation, could eventually lead to breaking up parts of the companies’ businesses.

Still, some analysts said that it remains a reach for Congress in its current form to pose a meaningful threat to these corporations. However, a major shift of power to a Democratic majority in both chambers of Congress and the presidency post-election would raise the likelihood of more pressure, according to WedBush analyst Dan Ives.

“Absent a legislative fix, we do not see meaningful change in regulation for now,” Ives said in a note late Tuesday. “We likely do not see Congress agreeing on legislation unless both houses of Congress and the Presidency are controlled by the same party, as the parties have had difficulty reaching consensus on more pressing issues. However, a potential ‘blue wave’ in November would change the game on this front and make a formidable force going after antitrust law changes with breakups possibly on the radar.”

<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="4:05 p.m. ET: Dow gains 530 points, or 1.9%, to rise to the highest level in more than one month” data-reactid=”31″>4:05 p.m. ET: Dow gains 530 points, or 1.9%, to rise to the highest level in more than one month

Here were the main moves in markets as of 4:05 p.m. ET:

  • S&P 500 (^GSPC): +58.50 (+1.74%) to 3,419.45

  • Dow (^DJI): +530.70 (+1.91%) to 28,303.46

  • Nasdaq (^IXIC): +210.00 (+1.88%) to 11,364.60

  • Crude (CL=F): -$0.65 (-1.60%) to $40.02 a barrel

  • Gold (GC=F): -$18.80 (-0.98%) to $1,890.00 per ounce

  • 10-year Treasury (^TNX): +4.3 bps to yield 0.7850%

2:15 p.m. ET: Federal Reserve says recovery could be ‘slower than anticipated’ in absence of future fiscal support

The Federal Reserve released meeting minutes from its Sept. 15-16 meeting Wednesday afternoon, which shed more light on central bank officials’ concerns that the economic recovery might be curbed in absence of further support from Congress.

“Indeed, many participants noted that their economic outlook assumed additional fiscal support and that if future fiscal support was significantly smaller or arrived significantly later than they expected, the pace of the recovery could be slower than anticipated,” according to the meeting minutes.

The minutes also revealed that Federal Open Market Committee (FOMC) participants did not view the outcome-based forward guidance on rates that had been put forth in the last FOMC statement as “an unconditional commitment to a particular path.”

“Most participants supported providing more explicit outcome-based forward guidance for the federal funds rate that included establishing criteria for lifting the federal funds rate above the ELB [effective lower bound] in terms of the paths for employment or inflation or both,” according to the minutes. “Among the participants who favored providing more explicit forward guidance at this meeting, all but a couple supported a formulation in which the forward guidance included language indicating that it would likely be appropriate to maintain the current target range until labor market conditions were judged to be consistent with the Committee’s assessments of maximum employment and inflation had risen to 2% and was on track to moderately exceed 2 percent for some time.”

“Participants generally noted that outcome-based forward guidance for the federal funds rate of this type was not an unconditional commitment to a particular path,” the minutes added.

1:20 p.m. ET: Trump has been ‘symptom-free’ for more than 24 hours, White House physician says

President Donald Trump has been “fever-free for more than 4 days, symptom-free for over 24 hours, and has not needed nor received any supplemental oxygen since initial hospitalization,” White House physician Dr. Sean Conley wrote in a memo Wednesday afternoon.

The president has been out of the hospital since Monday evening, after being taken to Walter Reed National Military Medical Center late Friday and staying the weekend to be treated for Covid-19.

11:57 a.m. ET: Stocks extend gains, three major indices each advance more than 1%

The three major indices added to gains in intraday trading Wednesday. The Dow outperformed with a rise of 1.5%, or 426 points, led by gains in Salesforce and Boeing. The S&P 500 and Nasdaq each also rose at least 1.3%.

Gains in the S&P 500 were led by the materials, consumer discretionary and industrials sectors. Each of the 11 major sectors were positive on the day, though the communication services, energy and real estate sectors lagged.

9:31 a.m. ET: Stocks open sharply higher amid stimulus talks, Covid-19 treatment hopes

Here were the main moves in markets, as of 9:31 a.m. ET:

  • S&P 500 (^GSPC): +39.14 points (+1.16%) to 3,400

  • Dow (^DJI): +320.57 points (+1.15%) to 28,093.33

  • Nasdaq (^IXIC): +132.13 points (+1.18%) to 11,286.39

  • Crude (CL=F): -$1.01 (-2.48%) to $39.66 a barrel

  • Gold (GC=F): -$20.50 (-1.07%) to $1,888.30 per ounce

  • 10-year Treasury (^TNX): +3.8 bps to yield 0.778%

8:50 a.m. ET: Eli Lilly shares rise after company applies for FDA emergency use authorization for Covid-19 antibody therapy

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Drugmaker Eli Lilly &amp; Co. (LLY) said Wednesday it has requested that the U.S. Food and Drug Administration authorize its experimental Covid-19 antibody therapy for emergency use. The company said new data showed its treatment helped reduce “viral load, symptoms and COVID-related hospitalization and ER visits,” according to a statement.” data-reactid=”71″>Drugmaker Eli Lilly & Co. (LLY) said Wednesday it has requested that the U.S. Food and Drug Administration authorize its experimental Covid-19 antibody therapy for emergency use. The company said new data showed its treatment helped reduce “viral load, symptoms and COVID-related hospitalization and ER visits,” according to a statement.

Shares of Eli Lilly rose more than 3% in pre-market trading.

7:26 a.m. ET: Stock futures rise after Trump signals support for some stimulus measures

Here were the main moves in markets, as of 7:28 a.m. ET:

  • S&P 500 futures (ES=F): 3,372.5, up 19.25 points or 0.57%

  • Dow futures (YM=F): 27,877.00, up 177 points or 0.64%

  • Nasdaq futures (NQ=F): 11,331.00, up 57.27 points or 0.51%

  • Crude (CL=F): -$1.13 (-2.78%) to $39.54 a barrel

  • Gold (GC=F): -$22.40 (-1.17%) to $1,886.40 per ounce

  • 10-year Treasury (^TNX): +3.5 bps to yield 0.775%

7:00 a.m. ET Wednesday: Weekly mortgage applications as record low rates support housing market

The Mortgage Bankers Association’s (MBA) weekly index tracking mortgage application volume jumped 4.6% for the week ended Oct. 2, following a 4.8% drop during the prior week.

Refinances led the gain, with this index increasing 8% over last week to the highest level since mid-August. The refinance index was up 50% over last year. However, an index tracking purchases fell 2% week-over-week, seasonally adjusted, but was still 21% higher than the same period last week on an unadjusted basis.

“Mortgage rates declined across the board last week – with most falling to record lows – and borrowers responded,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said in a statement. ““Continuing the trend seen in recent months, the purchase market is growing at a strong clip, with activity last week up 21 percent from a year ago. The average loan size increased again to a new record at $371,500, as activity in the higher loan size categories continues to lead growth.”

6:08 p.m. ET Tuesday: Stock futures open lower as stimulus hopes wane

Here were the main moves in equity markets, as of 6:08 p.m. ET Tuesday:

  • S&P 500 futures (ES=F): 3,338.00, down 15.25 points or 0.45%

  • Dow futures (YM=F): 27,588.00, down 112 points or 0.4%

  • Nasdaq futures (NQ=F): 11,230.00, down 43.75 points or 0.39%

Traders work on the floor of the New York Stock Exchange, October 2, 2008. U.S. stocks slid on Thursday as tight credit markets and bleak economic data forced investors to focus on the rocky road still ahead for the U.S. economy even if Congress passes a $700 billion rescue package. REUTERS/Brendan McDermid (UNITED STATES)
Traders work on the floor of the New York Stock Exchange, October 2, 2008. U.S. stocks slid on Thursday as tight credit markets and bleak economic data forced investors to focus on the rocky road still ahead for the U.S. economy even if Congress passes a $700 billion rescue package. REUTERS/Brendan McDermid (UNITED STATES)

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Flight to Kamloops last weekend had COVID-19 positive person – Kamloops News – Castanet.net

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Another COVID-19 exposure occurred on a flight to Kamloops last weekend. 

The British Columbia Centre for Disease Control on Friday added six more Vancouver flights to its COVID-19 public exposures list, including an Air Canada flight from Vancouver to Kamloops on Oct. 24.

The public health agency is warning passengers who recently travelled aboard the following Air Canada flights that they may have been exposed to the virus.

  • Oct. 23 – Air Canada flight 123, Toronto to Vancouver (Affected rows 26-30)
  • Oct. 24 – Air Canada flight 215, Calgary to Vancouver (Affected rows 24-29)
  • Oct. 24 – Air Canada flight 8198, Vancouver to Kamloops (Affected rows 8-14)
  • Oct. 25 – Air Canada flight 248, Vancouver to Edmonton (Affected rows 16-22)
  • Oct. 25 – Air Canada flight 855, London to Vancouver (Affected rows 18-23)
  • Oct. 28 – Air Canada flight 551, Los Angeles to Vancouver (Affected rows 22-28)

The update comes following Thursday’s additions to the BCCDC’s list, which included the flights: 

  • Oct. 18 – Air Canada 8209, Vancouver to Prince George (Affected rows 8-14)
  • Oct. 18 – Air Canada 8575, Saskatoon to Vancouver (Affected rows 1-4 and 12-14)
  • Oct. 25 – Air Canada 192, Victoria to Toronto (Affected rows 1-4)

The health agency asks any passengers who travelled on a domestic flight flagged for carrying a COVID-19 case to self-monitor for symptoms for 14 days following their potential exposure. 

Any passengers who have travelled outside of Canada, meanwhile, are required to self-isolate and self-monitor for symptoms for 14 days upon their arrival. The government continues to discourage international travel at this time. 

Any returning travellers who develop symptoms following their arrival in Canada should get tested for COVID-19. These individuals will also be required to self-isolate for a minimum of 14 days from their arrival date, or 10 days after onset of symptoms, whichever is longer.

While self-monitoring for symptoms of COVID-19— i.e. fever, cough, chills, sore throat, loss of sense of smell or taste and many more—individuals should take and record their temperature daily, and avoid taking fever-reducing medications like acetaminophen or ibuprofen if possible, for 14 days following their return to Canada or last known exposure to a confirmed COVID-19 case. The average normal body temperature taken orally is about 37°C, according to the BCCDC. 

For more information about self-monitoring and self-isolation, head to the BCCDC’s website

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What you need to know about COVID-19 in Alberta on Saturday, Oct. 31 – CBC.ca

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The latest:

  • Halloween is going ahead amidst the pandemic, and Alberta’s chief medical officer of health says there are ways to ensure you have a safe and happy holiday.
  • Alberta’s data system will be undergoing some maintenance over the weekend, meaning no new numbers will be reported this weekend or on Monday. Data updates are set to resume on Tuesday.
  • Starting next Monday (Nov. 2), the COVID-19 symptom list for Albertans under the age of 18 is changing. Runny nose and sore throat will be removed from the list of symptoms that require mandatory isolation for children.
  • Alberta reported 622 new cases on Friday, bringing the total active cases in the province to 5,172 — another new high after hitting record numbers nearly every day for the past week.
  • Five more people have died, bringing total deaths in the province to 323. 
  • There are 140 people in hospital, 25 of whom are in intensive care.
  • If you’re wondering how to handle Halloween this year amid the COVID-19 pandemic, here are some ideas on how to trick-or-treat, give out candy or celebrate in a different way — without the fear of catching or spreading the coronavirus.
  • The province has brought in new mandatory limits of 15 people at most social gatherings in Edmonton and Calgary.
  • The province is also recommending voluntary measures in both cities: wearing non-medical masks in all indoor work settings, except where people are alone in an office or cubicle, or a barrier is in place, and limiting themselves to no more than three cohorts. 
  • It also recommends that people in Edmonton and Calgary limit themselves to no more than three social cohorts.

(CBC)

What you need to know today in Alberta:

Alberta set another record on Friday with 5,172 active cases of COVID-19, an increase of 251 from the day before.

The death toll now sits at 323, up five from Thursday.

Five more deaths were reported on Friday. They involved:

  • A man in his 70s from Edmonton zone, not linked to continuing care.
  • Two men, one in his 80s and another in his 90s, linked to the outbreak at the Edmonton General Continuing Care Centre in Edmonton.
  • A man in his 80s linked to the South Terrace Continuing Care Centre in Edmonton Zone.
  • A man in his 70s linked to the outbreak at the Peter Lougheed Centre in Calgary.

Starting Monday, the COVID-19 symptom list for Albertans under the age of 18 is changing. Runny nose and sore throat will be removed from the list of symptoms that require mandatory isolation for children.

Dr. Deena Hinshaw, Alberta’s chief medical officer of health, said the changes to the symptom list are intended to get children and teenagers back into child care or classrooms as quickly and safely as possible, while minimizing the risk of COVID-19.

In the last week, she said, more than 3,400 children and youth who were tested for COVID-19 reported having a sore throat. Just over 700 of them had a sore throat as their only symptom, and less than one per cent of their tests came back positive.

Meanwhile, the number of cases of COVID-19 among school-aged children in Alberta has again surged to a new high, while the number of kids and teens being tested continues to decline.

Data from Alberta Health shows the number of new daily cases has continued to rise among five- to nine-year-olds and has again shot up, especially, among 10- to 19-year-olds.

Over the past week on record, an average of 85 cases were recorded per day among school-aged kids and teens.

Alberta has reported a total of 27,664 cases since the pandemic began. Before this past week, which set new records on multiple days in a row, the highest active case total was 3,022, which was reported on April 30 at the peak of the first wave.

The active case rate per 100,000 people is 130.8 in Calgary and 185 in Edmonton. 

A snapshot of the active COVID-19 cases by health district in Calgary as of Oct. 28. (CBC)

A new temporary measure, which caps attendance at 15 for events where people will be “mixing and mingling” like parties and baby showers, applies in the Calgary and Edmonton areas.

The province is also recommending two voluntary measures in both cities: wearing non-medical masks in all indoor work settings, except where people are alone in an office or cubicle, or a barrier is in place, and limiting themselves to no more than three cohorts. 

The federal minimum security Pê Sâkâstêw Centre in Maskwacis has been locked down after two staff members tested positive for COVID-19. Another three staff members are self-isolating at home. 

A spokesperson for Correctional Service Canada told CBC News they don’t believe the infected employees were in close contact with any of the inmates.

An outbreak at the Calgary Correctional Centre has gotten bigger, according to new numbers provided by Alberta Health Services. As of Friday, 104 inmates and 20 staff members have tested positive.

Albertans have been administered more than 597,000 doses of the flu shot so far this year, an increase of more than 50,000 when compared to the same time period last year.

“Thank you for doing your part to help stop the spread of influenza, and helping our health system stay focused on the pandemic response,” Hinshaw said Thursday.

Health officials have said this year it is more important than ever to get the flu shot because of the pandemic. 

Here’s the regional breakdown of active cases reported on Friday.

  • Edmonton zone: 2,312,  an increase from 2,277 the day before.
  • Calgary zone: 2,034, an increase from 1,879 the day before.
  • North zone: 353, an increase from 325 the day before.
  • South zone: 276, an increase from 256 the day before.
  • Central zone: 178 an increase from 162 the day before.
  • Unknown: 19, a decrease from 22 the day before.  

Find out which neighbourhoods or communities have the most cases, how hard people of different ages have been hit, the ages of people in hospital, how Alberta compares to other provinces and more in: Here are the latest COVID-19 statistics for Alberta — and what they mean

Dr. Neil Collins gives CBC Calgary’s Rob Brown an update on the hospital capacity in the city. 4:50

What you need to know today in Canada:

As of 11:20 a.m. ET on Saturday, Canada had 234,083 confirmed or presumptive coronavirus cases, with 28,230 of those active. Provinces and territories listed 195,719 as recovered or resolved. A CBC News tally of deaths based on provincial reports, regional health information and CBC’s reporting stood at 10,134.

On Friday, health officials in Canada reported a record-breaking number of new cases, totalling 3,457.

Manitoba saw 480 new cases on Friday, representing its highest single-day spike. Winnipeg will be placed under “red alert” pandemic restrictions starting on Monday.

Saskatchewan reported 82 new cases of COVID-19 on Thursday, breaking the record for the highest single-day jump in new cases since the beginning of the pandemic.

Quebec reported 1,064 new cases on Saturday, which was down from 1,108 new cases on Friday.

The province will receive about 453,000 in total, with a little less than half of that order expected to arrive by the end of this week. That means Quebec will receive about 37 per cent of the 1.2 million kits being deployed across Canada by the federal government.

The COVID-19 pandemic has wreaked havoc on Canadians suffering from mental illness, opioid addiction and other substance abuse problems, says a new study released today by the Public Health Agency of Canada (PHAC) which confirms anecdotal reports warning that the pandemic’s health consequences extend well beyond the novel coronavirus itself.

(CBC News)

Self-assessment and supports:

With winter cold and influenza season approaching, Alberta Health Services will prioritize Albertans for testing who have symptoms, and those groups which are at higher risk of getting or spreading the virus.

General asymptomatic testing is no longer available to anyone, but voluntary asymptomatic testing is available to:

  • School teachers and staff.
  • Health-care workers.
  • Staff and residents at long-term care and congregate living facilities.
  • Any Albertans experiencing homelessness.
  • Travellers requiring a test before departure.

Additional groups can also access asymptomatic testing if required.

The province says Albertans who have returned to Canada from other countries must self-isolate. Unless your situation is critical and requires a call to 911, Albertans are advised to call Health Link at 811 before visiting a physician, hospital or other health-care facility.

If you have symptoms, even mild, you are to self-isolate for at least 10 days from the onset of symptoms, until the symptoms have disappeared. 

You can find Alberta Health Services’ latest coronavirus updates here.

The province also operates a confidential mental health support line at 1-877-303-2642 and addiction help line at 1-866-332-2322, both available 24 hours a day. 

Online resources are available for advice on handling stressful situations and ways to talk with children.

There is a 24-hour family violence information line at 310-1818 to get anonymous help in more than 170 languages, and Alberta’s One Line for Sexual Violence is available at 1-866-403-8000, from 9 a.m. to 9 p.m.

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Coronavirus exposure warning issued for Japanese restaurant in Surrey | Dished – Daily Hive

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Fraser Health has issued a warning about a possible coronavirus exposure at a restaurant in Surrey.

A warning has been issued to those who were at Hanaya Japanese Restaurant at #106 2828 152 Street in Surrey on October 16, 17, and 19.

The specific times for possible exposure are as follows:

  • October 16 from 11 am to 10 pm
  • October 17 from 11 am to 10 pm 
  • October 19 from 4 to 9:30 pm

While this exposure is believed to be low risk according to Fraser Health, the authority is asking anyone who may have visited this restaurant on these specified dates and times to monitor themselves for symptoms.

  • See also: 

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