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Winter Tires: Essential Insights for Safe Winter Driving

  Life as a driver in Canada can be costly, and the debate over the necessity of winter tires is ongoing. Here are some key points to consider: Winter Tire Benefits : Winter tires, marked with the alpine symbol, offer superior traction in icy and snowy conditions. They have wide tread grooves and soft rubber compounds that remain pliable in freezing temperatures, significantly improving safety. Cost and Usage : While winter tires can be expensive, ranging from $800 to $2,000, they are a worthwhile investment for those who drive frequently in winter conditions. All-season tires lose traction below 7°C, making winter tires a safer choice. Legal Requirements : Quebec mandates winter tires from Dec. 1 to March 15, and British Columbia requires them on most routes from Oct. 1 to April 30. Other provinces recommend but do not require them. Performance : Studies show that winter tires can reduce stopping distances by up to 30% compared to all-season tires, enhancing overall vehicle safety dur

Wall Street Slightly Lower as Airlines Report Earnings Ahead of GDP Data


Wall Street leaned toward losses before the opening bell today as more earnings poured in while investors awaited the latest data on how the U.S. economy fared in the second quarter. Here are the key highlights:

  • S&P 500 Futures: Fell 0.2% before the bell.
  • Dow Jones Industrial Average Futures: Close to unchanged.
  • Nasdaq: Down 0.3%.

Airlines in Focus:

  • Southwest Airlines: Tumbled early after reporting a steep drop in second-quarter profit despite higher revenue. The airline also announced it was doing away with its 50-year-old practice of open seating, opting for assigned seats and premium seating options.
  • American Airlines: Also reported earnings, and Wall Street predicts a release of earnings per share.

Additionally, Ford Motor Co. fell more than 13% in premarket trading after reporting a second-quarter net income decline due to rising warranty and recall costs.

Stay tuned for the latest GDP report, which will provide insights into the overall economic performance in Q2. Investors are closely monitoring these developments as market volatility continues.


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