Long story short, I had to call Cathay Pacific Holidays in Vancouver because I had booked a hotel room with my flight through the Cathay website. I called right at 9 am and got through immediately.
The agent told me that the flight is still on but they are not selling anymore tickets because the situation right now is fluid and we will be informed immediately if there are any changes. That was all she was able to tell me at the moment.
In my case it's a pleasure trip so if it gets cancelled then fine by me as long as I get a refund. I suppose I will just have to wait and see.