Apple, Meta Formally Oppose Canada's Bill C-22 Over Encryption Risks; AAPL at $287.44

Apple and Meta have formally opposed Canada’s Bill C-22, warning it could force weakening of encryption or installation of government spyware, threatening services like iMessage and WhatsApp amid limited oversight. This escalates from Apple's May 7 public stance against the Liberal Party's bill—advanced post-parliamentary majority—that could mandate backdoors, a line the company vows never to cross, citing a 2025 UK order that prompted withdrawal of an end-to-end cloud encryption feature. Meta executives are set to testify. Regulatory risks persist for privacy features, but AAPL saw minimal moves at $287.44 (-0.02%), premarket $288.12 (+0.23%).