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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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Tesla Raises Prices in Canada by Up to $9,000 Starting February 1

 

Tesla Inc. has announced a significant price increase for its vehicles in Canada, effective February 1. The price hike will impact all trims of the Model 3, Model Y, Model S, and Model X. The most substantial increase will be seen in the Model 3, with prices rising by up to $9,000. Other models, including the Model Y, Model S, and Model X, will see increases of up to $4,000.

Tesla has not provided a specific reason for the price increase, but it coincides with the potential imposition of tariffs by the U.S. government. Additionally, the weakening Canadian dollar and higher costs compared to U.S. pricing have been cited as contributing factors.

This price adjustment comes on the heels of an earlier $1,000 increase in January, which pushed the Model 3 and Model Y out of eligibility for federal electric vehicle incentives. With the federal iZEV rebate program also running out of funds, the cost of purchasing a new Tesla in Canada is set to rise even further.

Tesla enthusiasts and potential buyers are now faced with higher price tags, raising questions about the affordability and demand for electric vehicles in the Canadian market.




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