Check engine light, traction control and loss of engine power all came on.

Which TCS light? The one that comes on when it's engaged, or does it have a line through it? When the lights come on, does it begin driving normally? When you say lose power, is the engine cutting off or is it just not giving the power you'd expect from your petal position? It could be as simple as a wheel bearing. Some you hear go bad before the sensor notices. Sometimes the sensor notices first. A bad beating causes your ABS/TCS system to engage because the car thinks you're skidding. After a while, the sensor will be erratic enough that the car will detect that it's a problem, kick off the systems and your indicators light up like a Christmas tree. By this time if you don't hear the bearing, you'd have to be deaf. That's why I'm going to assume you have a different problem.