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Amazon Prime Day Canada 2020 deals: Live, up-to-the-minute deals, sales and more from Amazon's biggest shopping day of the year – Yahoo Canada Shine On
<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="For more Prime Day sales, deals and must-haves, check out our deals and sales live blog. For more top picks, shopping tips and everything else you need to know, check out all of our coverage here.” data-reactid=”12″>For more Prime Day sales, deals and must-haves, check out our deals and sales live blog. For more top picks, shopping tips and everything else you need to know, check out all of our coverage here.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Yahoo Lifestyle Canada is committed to finding you the best products at the best prices. We may receive a share from purchases made via links on this page. Pricing and availability are subject to change.” data-reactid=”26″>Yahoo Lifestyle Canada is committed to finding you the best products at the best prices. We may receive a share from purchases made via links on this page. Pricing and availability are subject to change.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Canadians, get ready to shop! Amazon Prime Day 2020 is finally here — and we’re bringing you everything you need to take advantage of the two day shopping extravaganza.” data-reactid=”27″>Canadians, get ready to shop! Amazon Prime Day 2020 is finally here — and we’re bringing you everything you need to take advantage of the two day shopping extravaganza.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="ALSO SEE: Amazon Prime Day 2020: A complete list of the best deals to shop on Day 1 of Prime Day in Canada” data-reactid=”28″>ALSO SEE: Amazon Prime Day 2020: A complete list of the best deals to shop on Day 1 of Prime Day in Canada
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Until Wednesday night at 11:59 p.m. PST, Prime members now have access to major savings on everything from laptops to winter clothing must-haves to household essentials. And while Amazon Prime Day usually takes place in the summer, this year’s event was pushed back to October due to COVID-19 — meaning it’s also a great time to start stocking up on holiday gifts and seasonal must-haves.” data-reactid=”29″>Until Wednesday night at 11:59 p.m. PST, Prime members now have access to major savings on everything from laptops to winter clothing must-haves to household essentials. And while Amazon Prime Day usually takes place in the summer, this year’s event was pushed back to October due to COVID-19 — meaning it’s also a great time to start stocking up on holiday gifts and seasonal must-haves.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Don’t have a Prime membership yet? You can sign up for a 30-day free trial here.” data-reactid=”30″>Don’t have a Prime membership yet? You can sign up for a 30-day free trial here.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="It’s no doubt that Amazon Prime Day can be an overwhelming. With thousands of deals across dozens of categories and new lightning sales dropping every few minutes, it it can be hard to find what you’re looking for — not to mention to figure out what’s actually a good deal.” data-reactid=”31″>It’s no doubt that Amazon Prime Day can be an overwhelming. With thousands of deals across dozens of categories and new lightning sales dropping every few minutes, it it can be hard to find what you’re looking for — not to mention to figure out what’s actually a good deal.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="ALSO SEE: What to buy (and what not to buy) on Amazon Prime Day 2020 in Canada” data-reactid=”32″>ALSO SEE: What to buy (and what not to buy) on Amazon Prime Day 2020 in Canada
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="To help, we’ll be guiding you through the next two days by bringing you the best deals, low-stock alerts and lightning deals in real-time. Plus, we’ll let you know what other Yahoo Canada readers are snapping up.” data-reactid=”33″>To help, we’ll be guiding you through the next two days by bringing you the best deals, low-stock alerts and lightning deals in real-time. Plus, we’ll let you know what other Yahoo Canada readers are snapping up.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Check out our up-to-the-minute running deals list below, and feel free to tweet us @YahooStyleCA if you have any questions! Don’t forget to bookmark this page — we’ll be updating it multiple times an hour until Prime Day officially ends!” data-reactid=”34″>Check out our up-to-the-minute running deals list below, and feel free to tweet us @YahooStyleCA if you have any questions! Don’t forget to bookmark this page — we’ll be updating it multiple times an hour until Prime Day officially ends!
<h2 class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Oct. 13 – 3 a.m.: Prime Day is here!” data-reactid=”35″>Oct. 13 – 3 a.m.: Prime Day is here!
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Prime Day is officially here! For a complete list of all the best deals of the day, check out our post on Amazon Prime Day Canada’s best deals of day 1 here.” data-reactid=”36″>Prime Day is officially here! For a complete list of all the best deals of the day, check out our post on Amazon Prime Day Canada’s best deals of day 1 here.
Here are some of the best deals across categories:
Oct. 12: – 9 p.m.: Early Prime Day deals on Amazon devices
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Looking for smart devices? Prime Day is the perfect time to stock up on Amazon‘s best-selling devices — and this year’s savings have started early. From the Echo Dot at just $25 (64% off) to up to 42% off Ring Video Doorbells, check out all the early Prime Day deals on Amazon devices here.” data-reactid=”60″>Looking for smart devices? Prime Day is the perfect time to stock up on Amazon‘s best-selling devices — and this year’s savings have started early. From the Echo Dot at just $25 (64% off) to up to 42% off Ring Video Doorbells, check out all the early Prime Day deals on Amazon devices here.
Oct. 12 – 5 p.m.: Smart shopping tricks
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Wondering what’s worth it and what’s not when it comes to what to buy on Prime Day? Check out our helpful guide, written by tech expert Winston Sih.” data-reactid=”62″>Wondering what’s worth it and what’s not when it comes to what to buy on Prime Day? Check out our helpful guide, written by tech expert Winston Sih.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Speaking of what to buy — and what to stay away from — buying electronics online can be a mixed bag. To make sure you get your money’s worth, Winston Sih also rounded up what to look for when shopping for tech on Prime Day.” data-reactid=”63″>Speaking of what to buy — and what to stay away from — buying electronics online can be a mixed bag. To make sure you get your money’s worth, Winston Sih also rounded up what to look for when shopping for tech on Prime Day.
Oct. 12 – 9 a.m.: Tons of deals already live
It wouldn’t be Prime Day without early deals — these ones have been live for shoppers to take advantage of before the shopping event officially kicked off.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Let us know what you think by commenting below and tweeting @YahooStyleCA! Follow us on Twitter and Instagram.” data-reactid=”77″>Let us know what you think by commenting below and tweeting @YahooStyleCA! Follow us on Twitter and Instagram.
Tesla has promised to start selling cheaper models next year, days after a Reuters report revealed that the company had shelved its plans for an all-new Tesla that would cost only $25,000.
The news that Tesla was scrapping the Model 2 came amid a drop in sales and profits, and a decision to slash a tenth of the company’s global workforce. Reuters also noted increased competition from Chinese EV makers.
Tesla’s deliveries slumped in the first quarter for the first annual drop since the start of the pandemic in 2020, missing analyst forecasts by a mile in a sign that even price cuts haven’t been able to stave off an increasingly heated competition on the EV market.
Profits dropped by 50%, disappointing investors and leading to a slump in the company’s share prices, which made any good news urgently needed. Tesla delivered: it said it would bring forward the date for the release of new, lower-cost models. These would be produced on its existing platform and rolled out in the second half of 2025, per the BBC.
Reuters cited the company as warning that this change of plans could “result in achieving less cost reduction than previously expected,” however. This suggests the price tag of the new models is unlikely to be as small as the $25,000 promised for the Model 2.
The decision is based on a substantially reduced risk appetite in Tesla’s management, likely affected by the recent financial results and the intensifying competition with Chinese EV makers. Shelving the Model 2 and opting instead for cars to be produced on existing manufacturing lines is the safer move in these “uncertain times”, per the company.
Tesla is also cutting prices, as many other EV makers are doing amid a palpable decline in sales in key markets such as Europe, where the phaseout of subsidies has hit demand for EVs seriously. The cut is of about $2,000 on all models that Tesla currently sells.
By Charles Kennedy for Oilprice.com
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Divisions within the Bank of Canada over the timing of a much-anticipated cut to its key overnight interest rate stem from concerns of some members of the central bank’s governing council that progress on taming inflation could stall in the face of stronger domestic demand — or even pick up again in the event of “new surprises.”
“Some members emphasized that, with the economy performing well, the risk had diminished that restrictive monetary policy would slow the economy more than necessary to return inflation to target,” according to a summary of deliberations for the April 10 rate decision that were published Wednesday. “They felt more reassurance was needed to reduce the risk that the downward progress on core inflation would stall, and to avoid jeopardizing the progress made thus far.”
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Others argued that there were additional risks from keeping monetary policy too tight in light of progress already made to tame inflation, which had come down “significantly” across most goods and services.
Some pointed out that the distribution of inflation rates across components of the consumer price index had approached normal, despite outsized price increases and decreases in certain components.
“Coupled with indicators that the economy was in excess supply and with a base case projection showing the output gap starting to close only next year, they felt there was a risk of keeping monetary policy more restrictive than needed.”
In the end, though, the central bankers agreed to hold the rate at five per cent because inflation remained too high and there were still upside risks to the outlook, albeit “less acute” than in the past couple of years.
Despite the “diversity of views” about when conditions will warrant cutting the interest rate, central bank officials agreed that monetary policy easing would probably be gradual, given risks to the outlook and the slow path for returning inflation to target, according to the summary of deliberations.
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They considered a number of potential risks to the outlook for economic growth and inflation, including housing and immigration, according to summary of deliberations.
The central bankers discussed the risk that housing market activity could accelerate and further boost shelter prices and acknowledged that easing monetary policy could increase the likelihood of this risk materializing. They concluded that their focus on measures such as CPI-trim, which strips out extreme movements in price changes, allowed them to effectively look through mortgage interest costs while capturing other shelter prices such as rent that are more reflective of supply and demand in housing.
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They also agreed to keep a close eye on immigration in the coming quarters due to uncertainty around recent announcements by the federal government.
“The projection incorporated continued strong population growth in the first half of 2024 followed by much softer growth, in line with the federal government’s target for reducing the share of non-permanent residents,” the summary said. “But details of how these plans will be implemented had not been announced. Governing council recognized that there was some uncertainty about future population growth and agreed it would be important to update the population forecast each quarter.”
• Email: bshecter@nationalpost.com
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Shares in US tech giant Meta have sunk in US after-hours trading despite better-than-expected earnings.
The Facebook and Instagram owner said expenses would be higher this year as it spends heavily on artificial intelligence (AI).
Its shares fell more than 15% after it said it expected to spend billions of dollars more than it had previously predicted in 2024.
Meta has been updating its ad-buying products with AI tools to boost earnings growth.
It has also been introducing more AI features on its social media platforms such as chat assistants.
The firm said it now expected to spend between $35bn and $40bn, (£28bn-32bn) in 2024, up from an earlier prediction of $30-$37bn.
Its shares fell despite it beating expectations on its earnings.
First quarter revenue rose 27% to $36.46bn, while analysts had expected earnings of $36.16bn.
Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown, said its spending plans were “aggressive”.
She said Meta’s “substantial investment” in AI has helped it get people to spend time on its platforms, so advertisers are willing to spend more money “in a time when digital advertising uncertainty remains rife”.
More than 50 countries are due to have elections this year, she said, “which hugely increases uncertainty” and can spook advertisers.
She added that Meta’s “fortunes are probably also being bolstered by TikTok’s uncertain future in the US”.
Meta’s rival has said it will fight an “unconstitutional” law that could result in TikTok being sold or banned in the US.
President Biden has signed into law a bill which gives the social media platform’s Chinese owner, ByteDance, nine months to sell off the app or it will be blocked in the US.
Ms Lund-Yates said that “looking further ahead, the biggest risk [for Meta] remains regulatory”.
Last year, Meta was fined €1.2bn (£1bn) by Ireland’s data authorities for mishandling people’s data when transferring it between Europe and the US.
And in February of this year, Meta chief executive Mark Zuckerberg faced blistering criticism from US lawmakers and was pushed to apologise to families of victims of child sexual exploitation.
Ms Lund-Yates added that the firm has “more than enough resources to throw at legal challenges, but that doesn’t rule out the risks of ups and downs in market sentiment”.
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