Apple shares hit all-time high ahead of developer conference
People arrive before an Apple event on the campus of Apple's headquarters in Cupertino, Calif., on Sept. 7, 2022. (Jeff Chiu / AP)
Apple Inc shares hit a record high for the first time in 17 months on Monday, ahead of an annual software developer conference, although their market value remained short of an all-time peak of US$3 trillion.
Apple is expected to launch a mixed-reality headset later in the day, which would be its first big move into a new product category since the introduction of the Apple Watch nine years ago.
Shares of the world's most valuable listed company were last up 1.5% at $183.70.They have jumped nearly 40% in 2023, compared with an 11.5% rise in the benchmark S&P 500.
Apple became the only company to hit $3 trillion in market capitalization early last year. It was last valued at $2.89 trillion.
The iPhone maker's forward 12-month price-to-earnings ratio is 28.39, compared with the sector median of 12.79.
Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta and Anil D'Silva
YOUR FINANCES
Statistics Canada says household debt ratio down in Q2 as income grew
Statistics Canada says the amount Canadians owe relative to how much they earn fell in the second quarter as disposable income comfortably outpaced the growth in debt and demand for mortgages fell.
How electric vehicle insurance compares to gasoline-powered vehicles
As Canada ushers in the era of electric vehicles, here's what costs and factors you should consider before making the switch.
OPINION
OPINION 6 ways to prepare your finances for a potential recession
Despite Canada's economic resilience in the face of rising interest rates, it's still important to be prepared in case a recession hits. In a column for CTVNews.ca, personal finance contributor Christopher Liew shares some practical tips and actionable advice to better weather any economic storm.
Back-to-school: Parents offer tips on how they save during annual shopping spree
A new survey found 46 per cent of Canadians are more worried about their finances during this back-to-school season than in previous years.
opinion
opinion Canada can dodge a recession, but it could still happen; here's why
In his column for CTVNews.ca, personal finance contributor Christopher Liew outlines how Canada might avoid a recession, as well as some risks that could contribute to one.
Budgeting important part of RESP spending plan as students head to school
Parents across the country are getting ready to tap into registered education savings plans to help pay for their children's post-secondary schooling this fall.
Turning to dollar stores for groceries? Here's what a dietician recommends
As Canadians continue to feel the financial toll of inflation while grocery shopping, one registered dietitian offers practical tips for cutting costs at dollar stores, without compromising nutrition.
OPINION
OPINION Financial tips for newcomers to Canada, from an expert
For those who have recently immigrated to Canada, it's important to learn the basics of how the country's financial system works. Personal finance contributor Christopher Liew shares some financial tips around how to open a bank account, build your credit and file your taxes as a newcomer.
CTVNews.ca Top Stories
House of Commons to elect new Speaker as Rota's resignation takes effect
The resignation of House of Commons Speaker Anthony Rota is set to take effect this evening and procedure dictates MPs must go through the process of electing a new Speaker before they can continue with their normal business.
U.S. judge rules Donald Trump defrauded banks, insurers while building real estate empire
A U.S. judge ruled Tuesday that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House, and he ordered some of the former president's companies removed from his control and dissolved.
Details leading up to Hardeep Singh Nijjar's death revealed
A long-time, close friend of Hardeep Singh Nijjar says the Sikh activist found a tracking device underneath his car before he was killed outside the Guru Nanak Sikh Gurdwara in June.
ER doctor challenging 'toxic environment' in Ontario hospital after secret investigation based on unfounded murder allegation
After more than 30 years of caring for critically ill patients in emergency and intensive care, Dr. Scott Anderson is preparing to face off against the hospital where he works in London, Ont., in a case described as "unusual" by lawyers and potentially costly for Ontario taxpayers.
Health Canada is recalling these smart plugs over an electric shock risk
Health Canada has issued a recall notice for certain smart plugs due to the risk of electric shock.
Poilievre's Conservatives maintain summer lead over Trudeau's Liberals: poll
The Conservatives have maintained their summer lead in the polls, according to fresh numbers from Leger. Among decided voters, Pierre Poilievre's party has the support of 39 per cent of respondents, which is 12 points ahead of the federal Liberals.
OPINION
OPINION Tom Mulcair: Why Anthony Rota had no choice but to resign
Anthony Rota had no choice but to resign as House Speaker after he invited a Nazi veteran to Parliament. But, as former NDP leader Tom Mulcair writes in a column for CTVNews.ca, if history is going to retain the profound embarrassment caused by his mistake, it should also recognize the contributions Rota has made to democratic life.
Nygard used secret bedroom in his company's Toronto HQ for sexual assaults: Crown
Former fashion mogul Peter Nygard had a private bedroom constructed within the walls of the Toronto headquarters of his fashion empire, where he sexually assaulted five women starting in the 1980s, prosecutors said in their opening statement in a Toronto courtroom Tuesday.
How was veteran Yaroslav Hunka's military unit linked to the Nazis?
During the height of the Second World War, Nazi Germany formed a division of Ukrainian volunteers to fight against Soviet Russia. One of its members was controversially honoured with two standing ovations in Canada's Parliament this week.
Canada
-
B.C. family rallying around little girls who lost their firefighter dad in highway crash
Blain Sonnenberg's daughters — seven-year-old Brooklyn and four-year-old Trezley — were the light of his life.
-
Details leading up to Hardeep Singh Nijjar's death revealed
A long-time, close friend of Hardeep Singh Nijjar says the Sikh activist found a tracking device underneath his car before he was killed outside the Guru Nanak Sikh Gurdwara in June.
-
How was veteran Yaroslav Hunka's military unit linked to the Nazis?
During the height of the Second World War, Nazi Germany formed a division of Ukrainian volunteers to fight against Soviet Russia. One of its members was controversially honoured with two standing ovations in Canada's Parliament this week.
-
Nygard used secret bedroom in his company's Toronto HQ for sexual assaults: Crown
Former fashion mogul Peter Nygard had a private bedroom constructed within the walls of the Toronto headquarters of his fashion empire, where he sexually assaulted five women starting in the 1980s, prosecutors said in their opening statement in a Toronto courtroom Tuesday.
-
15 potential gravesites found near former Yukon residential school
Yukon First Nation elder Sandra Johnson says the discovery of 15 potential graves near the site of a former residential school has "uncovered long-buried wounds."
-
B.C. sets housing targets for 10 municipalities, including Victoria, Saanich, Oak Bay
British Columbia has announced its first set of targets for new homes to be built in 10 municipalities in a provincial strategy to tackle the ongoing housing crisis.
World
-
North Korea says it will expel the U.S. soldier who crossed into the country in July
North Korea says it has decided to expel a U.S. soldier who crossed into the country through the heavily armed inter-Korean border in July.
-
Giant panda Fan Xing leaves a Dutch zoo for her home country China
Giant panda Fan Xing began a long journey home on Wednesday -- to a country she has never visited. The three-year-old was given a ceremonial send off Wednesday from Ouwehands Zoo in the Netherlands, where she was born.
-
Former Speaker Paul Ryan says Republicans will lose if Donald Trump is nominee
Former House Speaker Paul Ryan said Tuesday that Republicans will lose the presidential election if Donald Trump is the nominee and that he expects hard-right followers of Trump to force a government shutdown within days.
-
A fire at a wedding hall in northern Iraq has killed around 100 people and injured 150
A fire at a wedding hall in northern Iraq killed at least 100 people and injured 150 others, authorities said Wednesday.
-
As mental health worsens among Afghanistan's women, the UN is asked to declare 'gender apartheid'
The UN's most powerful body must support governments seeking to legally declare the intensifying crackdown by Afghanistan's Taliban rulers on women and girls 'gender apartheid,' the head of the UN agency promoting gender equality said Tuesday.
-
Mexican mother bravely shields son as bear leaps on picnic table, devours tacos, enchiladas
Mexican mother bravely shielded her son after a bear leapt on a picnic table and devoured the tacos and enchiladas meant for the boy's birthday dinner, inches from his face.
Politics
-
Anthony Rota resigns as House Speaker amid condemnation for inviting Nazi veteran to Parliament
Anthony Rota has resigned from his prestigious position as Speaker of the House of Commons over his invitation to, and the House's subsequent recognition of, a man who fought for a Nazi unit during the Second World War. Now, Prime Minister Justin Trudeau is facing calls to apologize, and investigate.
-
Poilievre's Conservatives maintain summer lead over Trudeau's Liberals: poll
The Conservatives have maintained their summer lead in the polls, according to fresh numbers from Leger. Among decided voters, Pierre Poilievre's party has the support of 39 per cent of respondents, which is 12 points ahead of the federal Liberals.
-
After briefing on intel, Singh says 'clear evidence' India involved in B.C. killing
Federal NDP Leader Jagmeet Singh said Tuesday he received an intelligence briefing about allegations that the Indian government could be behind the killing of a Sikh gurdwara leader in British Columbia.
Health
-
ER doctor challenging 'toxic environment' in Ontario hospital after secret investigation based on unfounded murder allegation
After more than 30 years of caring for critically ill patients in emergency and intensive care, Dr. Scott Anderson is preparing to face off against the hospital where he works in London, Ont., in a case described as "unusual" by lawyers and potentially costly for Ontario taxpayers.
-
Health Canada is recalling these smart plugs over an electric shock risk
Health Canada has issued a recall notice for certain smart plugs due to the risk of electric shock.
-
Cough syrup deaths overseas prompt U.S. crackdown on toxic testing
The U.S. FDA is cracking down on lax testing practices by dozens of makers of health-care products following hundreds of deaths overseas from contaminated cough syrups, a Reuters review of regulatory alerts found.
Sci-Tech
-
The next tool in Canada's wildfire fight could be eyes in the sky watching around the clock
A joint initiative from three government agencies aims to monitor wildfires across Canada from space. Here's how they'll do it.
-
We carry DNA from extinct cousins like Neanderthals. Science is now revealing their genetic legacy
Using the new and rapidly improving ability to piece together fragments of ancient DNA, scientists are finding that traits inherited from Neanderthals are still with us now, affecting our fertility, our immune systems, even how our bodies handled the COVID-19 virus.
-
Photo giant Getty took a leading AI image-maker to court. Now it's also embracing the technology
Seattle-based Getty Images is taking a two-pronged approach to the threat and opportunity that AI poses to its business. First, it sued a leading purveyor of AI-generated images earlier this year for what it alleged was 'brazen infringement' of Getty's image collection 'on a staggering scale.' Now, it's embracing the technology.
Entertainment
-
Hollywood writers strike declared over after boards vote to approve contract with studios
Hollywood's writers strike was declared over after nearly five months Tuesday night when board members from their union approved a contract agreement with studios, bringing the industry at least partly back from a historic halt in production.
-
Coldplay frontman performs impromptu birthday song for 10-year-old in Vancouver
Among the thousands of satisfied Coldplay fans who attended the band's two Vancouver shows last weekend, a 10-year-old named Leo may have had the most memorable night of all.
-
Taylor Swift is a fan and suddenly, so is everyone else. Travis Kelce jersey sales jump nearly 400 per cent
Taylor Swift's trip to watch the Kansas City Chiefs' Travis Kelce play football on Sunday didn't just have the internet talking nonstop. Following the 12-time Grammy Award winner's appearance at Arrowhead Stadium, jersey sales for the All-Pro tight-end seemingly skyrocketed.
