MARKET OPEN: SANDISK SLIDES DESPITE PROFIT SURGE, RBI BEATS AS AI MOMENTUM WOBBLES | AUG 6TH

Markets are mixed today as investors digest another wave of earnings while trimming risk in AI momentum names. The TSX is slightly higher, up 0.06%, while the TSX Venture Index is down 0.16%. In the U.S., the Dow is off 0.18% and the Nasdaq is down 0.35% as AI-linked stocks remain under pressure following a volatile earnings season. London’s FTSE 100 is also lower, slipping 0.19%.

Commodities are mixed as well. Gold is moving higher, up 0.50%, supported by renewed defensive demand and war-end optimism, while oil is also firmer, up nearly 1%. Copper is lower as traders pare exposure to industrial metals, and natural gas is down more than 1%. Bitcoin is slightly weaker in Canadian-dollar terms as speculative assets remain choppy.

Market numbers

TSX: Up (+0.06%) 36,167.96

TSXV: Down (‑0.16%) 922.36

DOW: Down (‑0.18%) 54,322.3

NASDAQ: Down (‑0.35%) 29,397.2

FTSE 100: Down (‑0.19%) 10,861.08

In the headlines

・Sandisk slides despite massive profit growth: Sandisk (NDAQ:SNDK), the memory storage and flash technology company, reported explosive 13,500% profit growth, but its outlook sent the highly volatile stock lower. Investors appear focused on whether AI-driven storage demand can keep pace with stretched expectations.

・Restaurant Brands posts higher Q2 profit: Restaurant Brands International (TSX:QSR), the parent company of Tim Hortons, Burger King, Popeyes, and Firehouse Subs, reported higher second-quarter profit. Tim Hortons sales growth slowed, but Burger King helped drive overall system-wide growth.

・AtkinsRéalis profit falls as revenue rises: AtkinsRéalis (TSX:ATRL), the Canadian engineering and infrastructure services company, reported lower second-quarter profit even as revenue rose 10%. The results highlight stronger project activity, but also pressure on margins and year-over-year comparables.

Currencies

USD: Flat (0.00%) $0.7132

GBP: Down (‑0.11%) $0.5290

EUR: Up (+0.08%) $0.61823

JPY: Up (+0.06%) ¥112.668

AUD: Up (+0.18%) $1.0130

Bitcoin (BTC/CAD): Down (‑0.36%) 90,212.5

(Conversion to C$1)

Commodities

Copper: Down (‑0.37%) 6.78321

Gold: Up (+0.50%) 4,268.15

WTI: Up (+0.97%) 74.82

Natural Gas: Down (‑1.23%) 2.643

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2026-08-06T15:06:19Z