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Consolidated statement of cash flows - CAD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Cash flows provided by (used in) operating activities        
Net income $ 2,096 $ 1,795 $ 6,274 $ 5,272
Adjustments to reconcile net income to cash flows provided by (used in) operating activities:        
Provision for credit losses 559 483 1,737 1,582
Amortization and impairment [1] 287 317 854 881
Stock options and restricted shares expense 3 3 11 9
Deferred income taxes (150) (22) (136) (41)
Losses (gains) from debt securities measured at FVOCI and amortized cost 25 (3) 3 (49)
Net losses (gains) on disposal of property and equipment     (2)  
Other non-cash items, net 457 (1,075) 246 (1,564)
Net changes in operating assets and liabilities        
Interest-bearing deposits with banks (511) 2,679 3,413 (1,263)
Loans, net of repayments (10,756) (11,803) (24,905) (20,675)
Deposits, net of withdrawals 5,718 9,523 24,038 14,341
Obligations related to securities sold short 734 591 (815) 5,374
Accrued interest receivable 327 53 416 (485)
Accrued interest payable (292) (130) (1,003) 632
Derivative assets 3,907 1,145 1,848 2,948
Derivative liabilities (7,402) (3,004) (4,308) (5,477)
Securities measured at FVTPL (6,309) (9,337) (16,050) (23,446)
Other assets and liabilities measured/designated at FVTPL 2,703 748 3,197 3,141
Current income taxes (250) (15) (489) (83)
Cash collateral on securities lent (1,411) (114) (2,693) 434
Obligations related to securities sold under repurchase agreements 12,380 14,359 35,506 28,250
Cash collateral on securities borrowed (2,745) (2,740) (4,662) (1,844)
Securities purchased under resale agreements 5,051 6,721 (2,489) 863
Other, net 1,440 2,115 (1,861) 3,131
Cash flows provided by (used in) operating activities 5,861 12,289 18,130 11,931
Cash flows provided by (used in) financing activities        
Issue of subordinated indebtedness   1,000 1,250 2,250
Redemption/repurchase/maturity of subordinated indebtedness (1,000) (1,536) (1,069) (1,536)
Issue of preferred shares and limited recourse capital notes, net of issuance cost 1,024 498 2,311 996
Redemption of preferred shares (300) (650) (600) (975)
Issue of common shares for cash 43 57 123 181
Purchase of common shares for cancellation (528)   (1,338)  
Net sale (purchase) of treasury shares (8) 4 (1) (1)
Dividends and distributions paid (986) (867) (2,976) (2,071)
Repayment of lease liabilities (77) (79) (235) (207)
Other, net (8)   (22)  
Cash flows provided by (used in) financing activities (1,840) (1,573) (2,557) (1,363)
Cash flows provided by (used in) investing activities        
Purchase of securities measured/designated at FVOCI and amortized cost (26,677) (20,641) (68,068) (60,208)
Proceeds from sale of securities measured/designated at FVOCI and amortized cost 13,745 4,864 34,024 21,462
Proceeds from maturity of debt securities measured at FVOCI and amortized cost 14,255 6,709 29,708 19,754
Net sale (purchase) of property, equipment and software (282) (275) (721) (696)
Cash flows provided by (used in) investing activities 1,041 (9,343) (5,057) (19,688)
Effect of exchange rate changes on cash and non-interest-bearing deposits with banks 28 12 20 (12)
Net increase (decrease) in cash and non-interest-bearing deposits with banks during the period 5,090 1,385 10,536 (9,132)
Cash and non-interest-bearing deposits with banks at beginning of period 14,011 10,299 8,565 20,816
Cash and non-interest-bearing deposits with banks at end of period [2] 19,101 11,684 19,101 11,684
Cash interest paid 8,333 10,045 26,033 28,261
Cash interest received 11,929 13,037 35,705 37,183
Cash dividends received 487 463 1,378 1,286
Cash income taxes paid $ 1,022 $ 679 $ 2,497 $ 1,610
[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 $550 million (July 31, 2024: $465 million) and interest-bearing demand deposits with Bank of Canada.