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Consolidated statement of cash flows - CAD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Apr. 30, 2025
Apr. 30, 2024
Cash flows provided by (used in) operating activities        
Net income $ 2,007 $ 1,749 $ 4,178 $ 3,477
Adjustments to reconcile net income to cash flows provided by (used in) operating activities:        
Provision for credit losses 605 514 1,178 1,099
Amortization and impairment [1] 281 288 567 564
Stock options and restricted shares expense 6 4 8 6
Deferred income taxes (68) (58) 14 (19)
Losses (gains) from debt securities measured at FVOCI and amortized cost (9) (31) (22) (46)
Net losses (gains) on disposal of property and equipment 1   (2)  
Other non-cash items, net 280 201 (211) (489)
Net changes in operating assets and liabilities        
Interest-bearing deposits with banks (1,294) (1,234) 3,924 (3,942)
Loans, net of repayments (4,052) (8,907) (14,149) (8,872)
Deposits, net of withdrawals 1,943 8,869 18,320 4,818
Obligations related to securities sold short (685) 3,311 (1,549) 4,783
Accrued interest receivable (108) (475) 89 (538)
Accrued interest payable (292) 565 (711) 762
Derivative assets 71 (6,787) (2,059) 1,803
Derivative liabilities (1,089) 6,128 3,094 (2,473)
Securities measured at FVTPL 3,512 (5,832) (9,741) (14,109)
Other assets and liabilities measured/designated at FVTPL (190) (472) 494 2,393
Current income taxes 14 1 (239) (68)
Cash collateral on securities lent (2,199) 1,038 (1,282) 548
Obligations related to securities sold under repurchase agreements 5,643 11,399 23,126 13,891
Cash collateral on securities borrowed (336) 6,008 (1,917) 896
Securities purchased under resale agreements (5,118) (13,347) (7,540) (5,858)
Other, net 1,991 511 (3,301) 1,016
Cash flows provided by (used in) operating activities 914 3,443 12,269 (358)
Cash flows provided by (used in) financing activities        
Issue of subordinated indebtedness 1,250   1,250 1,250
Redemption/repurchase/maturity of subordinated indebtedness (14)   (69)  
Issue of preferred shares and limited recourse capital notes, net of issuance cost 598 498 1,287 498
Redemption of preferred shares   (325) (300) (325)
Issue of common shares for cash 8 67 80 124
Purchase of common shares for cancellation (490)   (810)  
Net sale (purchase) of treasury shares 3 (3) 7 (5)
Dividends and distributions paid (988) (606) (1,990) (1,204)
Repayment of lease liabilities (78) (78) (158) (128)
Other, net (9)   (14)  
Cash flows provided by (used in) financing activities 280 (447) (717) 210
Cash flows provided by (used in) investing activities        
Purchase of securities measured/designated at FVOCI and amortized cost (23,425) (19,056) (41,391) (39,567)
Proceeds from sale of securities measured/designated at FVOCI and amortized cost 14,760 10,910 20,279 16,598
Proceeds from maturity of debt securities measured at FVOCI and amortized cost 8,319 6,694 15,453 13,045
Net sale (purchase) of property, equipment and software (246) (212) (439) (421)
Cash flows provided by (used in) investing activities (592) (1,664) (6,098) (10,345)
Effect of exchange rate changes on cash and non-interest-bearing deposits with banks (121) 57 (8) (24)
Net increase (decrease) in cash and non-interest-bearing deposits with banks during the period 481 1,389 5,446 (10,517)
Cash and non-interest-bearing deposits with banks at beginning of period 13,530 8,910 8,565 20,816
Cash and non-interest-bearing deposits with banks at end of period [2] 14,011 10,299 14,011 10,299
Cash interest paid 8,363 8,928 17,700 18,216
Cash interest received 11,304 11,870 23,776 24,146
Cash dividends received 447 428 891 823
Cash income taxes paid $ 645 $ 458 $ 1,475 $ 931
[1] Comprises amortization and impairment of buildings, right-of-use assets, furniture, equipment, leasehold improvements, and software and other intangible assets.
[2] Includes restricted cash of $462 million (April 30, 2024: $522 million) and interest-bearing demand deposits with Bank of Canada.