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IFRS 7 Market and Liquidity Risk Disclosures (Tables)
 12 Months Ended
Oct. 31, 2025
Text Block [Abstract]  
Summary of Structural Interest Sensitivity
T50
 Structural interest sensitivity*
                
 
   
2025
    
2024
  
   
Economic Value of Equity
    
Net Interest Income
    
Economic
Value of
Equity
    
Net
Interest
Income
  
As at October 31 ($ millions)  
Canadian
dollar
    
Other
currencies
    
Total
    
Canadian
dollar
    
Other
currencies
    
Total
  
Pre-tax
impact of
            
 
    
100bp increase in rates
            
 
    
Non-trading
risk
  
$
 (616
) 
  
$
 (952
) 
  
$
 (1,568
) 
  
$
 247
 
  
$
 (11
) 
  
$
 236
 
   $  (1,338 )    $  (21 ) 
100bp decrease in rates
            
 
    
Non-trading
risk
  
$
530
 
  
$
671
 
  
$
1,201
 
  
$
(224
) 
  
$
(21
) 
  
$
(245
) 
   $ 780     $ (31 ) 
Summary of Market Risk Measures
T51
 Market risk measures*
                  
 
   
2025
          
2024
  
   
($ millions)  
Year end
    
Avg
    
High
    
Low
           
Year end
    
Avg
    
High
    
Low
  
Credit Spread plus Interest Rate
  
$
9.5
 
  
$
14.3
 
  
$
22.2
 
  
$
8.8
 
     $ 12.5     $ 13.6     $ 34.3     $ 6.8  
Credit Spread
(1)
  
 
8.1
 
  
 
10.3
 
  
 
18.7
 
  
 
6.6
 
       7.3       8.4       13.6       5.9  
Interest Rate
  
 
9.6
 
  
 
13.7
 
  
 
28.5
 
  
 
6.0
 
       17.5       12.3       26.9       5.8  
Equities
  
 
3.4
 
  
 
4.8
 
  
 
9.9
 
  
 
1.9
 
       5.4       5.1       10.1       3.0  
Foreign Exchange
  
 
3.5
 
  
 
2.6
 
  
 
5.9
 
  
 
0.7
 
       2.9       3.2       9.4       1.1  
Commodities
  
 
3.2
 
  
 
3.5
 
  
 
6.7
 
  
 
2.2
 
       2.8       2.6       4.6       1.3  
Debt Specific
  
 
n/a
 
  
 
n/a
 
  
 
n/a
 
  
 
n/a
 
  
 
 
 
     3.6       3.4       4.8       2.3  
Diversification Effect
  
 
(10.7
) 
  
 
(11.6
) 
  
 
n.m.
 
  
 
n.m.
 
  
 
 
 
     (15.0 )      (13.1 )      n.m.       n.m.  
All-Bank
VaR
  
$
    8.9
 
  
$
   13.6
 
  
$
   21.6
 
  
$
    7.1
 
  
 
 
 
   $    12.1     $    14.9     $    24.2     $     8.3  
 
(1) Effective November 1, 2024, credit spread VaR also captures issuer-specific credit spread volatility which was previously included in debt specific VaR.
n.m. Not meaningful
Summary of the Maturity of Assets and Liabilities as well as the Off-Balance Sheet Commitments
 
Contractual maturities and obligations
The table below provides the maturity of assets and liabilities as well as the
off-balance
sheet commitments as at October 31, 2025, based on the contractual maturity date.
 
 
T59
 Contractual maturities*
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As at October 31, 2025
 
($ millions)
 
Less
than one
month
 
 
One to
three
months
 
 
Three
to six
months
 
 
Six to
nine
months
 
 
Nine to
twelve
months
 
 
One to two
years
 
 
Two to five
years
 
 
Over five
years
 
 
No specific
maturity
 
 
Total
 
Assets
 
 
 
 
 
 
 
 
 
 
Cash and deposits with financial institutions and precious metals
 
$
63,343
 
 
$
846
 
 
$
226
 
 
$
36
 
 
$
34
 
 
$
110
 
 
$
     319
 
 
$
315
 
 
$
   5,894
 
 
$
71,123
 
Trading assets
 
 
2,570
 
 
 
2,275
 
 
 
4,149
 
 
 
1,678
 
 
 
4,065
 
 
 
6,769
 
 
 
 21,163
 
 
 
22,882
 
 
 
86,672
 
 
 
152,223
 
Securities purchased under resale agreements and securities borrowed
 
 
158,225
 
 
 
24,010
 
 
 
15,694
 
 
 
1,286
 
 
 
3,092
 
 
 
–
 
 
 
701
 
 
 
–
 
 
 
–
 
 
 
203,008
 
Derivative financial instruments
 
 
3,431
 
 
 
6,499
 
 
 
3,512
 
 
 
2,718
 
 
 
1,569
 
 
 
6,296
 
 
 
11,182
 
 
 
11,324
 
 
 
–
 
 
 
46,531
 
Investment securities – FVOCI
 
 
1,733
 
 
 
4,356
 
 
 
5,620
 
 
 
7,552
 
 
 
8,698
 
 
 
19,180
 
 
 
43,185
 
 
 
33,408
 
 
 
398
 
 
 
124,130
 
Investment securities – amortized cost
 
 
61
 
 
 
479
 
 
 
895
 
 
 
935
 
 
 
485
 
 
 
1,794
 
 
 
2,966
 
 
 
16,107
 
 
 
–
 
 
 
23,722
 
Investment securities – FVTPL
 
 
2
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
21
 
 
 
–
 
 
 
2,073
 
 
 
2,096
 
Loans
 
 
42,269
 
 
 
45,303
 
 
 
53,987
 
 
 
63,272
 
 
 
 50,092
 
 
 
162,273
 
 
 
225,891
 
 
 
60,354
 
 
 
67,604
 
 
 
771,045
 
Residential mortgages
 
 
5,392
 
 
 
12,473
 
 
 
22,628
 
 
 
28,766
 
 
 
23,226
 
 
 
98,628
 
 
 
130,190
 
 
 
44,097
 
 
 
4,791
(1)
 
 
 
370,191
 
Personal loans
 
 
4,912
 
 
 
3,488
 
 
 
3,591
 
 
 
5,606
 
 
 
3,517
 
 
 
12,881
 
 
 
25,101
 
 
 
6,610
 
 
 
44,861
 
 
 
110,567
 
Credit cards
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
18,045
 
 
 
18,045
 
Business and government
 
 
31,965
 
 
 
29,342
 
 
 
27,768
 
 
 
28,900
 
 
 
23,349
 
 
 
50,764
 
 
 
70,600
 
 
 
9,647
 
 
 
7,370
(2)
 
 
 
279,705
 
Allowance for credit losses
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
(7,463
) 
 
 
(7,463
) 
Customers’ liabilities under acceptances
 
 
67
 
 
 
68
 
 
 
25
 
 
 
11
 
 
 
6
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
177
 
Other assets
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
65,987
 
 
 
65,987
 
Total assets
 
 
271,701
 
 
 
83,836
 
 
 
84,108
 
 
 
77,488
 
 
 
68,041
 
 
 
196,422
 
 
 
305,428
 
 
 
144,390
 
 
 
228,628
 
 
 
1,460,042
 
  
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
Liabilities and equity
 
 
 
 
 
 
 
 
 
 
Deposits
 
$
75,799
 
 
$
 79,361
 
 
$
 68,686
 
 
$
 49,395
 
 
$
 42,403
 
 
$
64,578
 
 
$
75,189
 
 
$
23,097
 
 
$
487,771
 
 
$
966,279
 
Personal
 
 
17,355
 
 
 
22,930
 
 
 
19,913
 
 
 
17,931
 
 
 
16,136
 
 
 
22,151
 
 
 
12,109
 
 
 
155
 
 
 
173,038
 
 
 
301,718
 
Non-personal
 
 
58,444
 
 
 
56,431
 
 
 
48,773
 
 
 
31,464
 
 
 
26,267
 
 
 
42,427
 
 
 
63,080
 
 
 
22,942
 
 
 
314,733
 
 
 
664,561
 
Financial instruments designated at fair value through profit or loss
 
 
1,098
 
 
 
932
 
 
 
2,774
 
 
 
2,454
 
 
 
2,335
 
 
 
5,798
 
 
 
12,103
 
 
 
19,671
 
 
 
–
 
 
 
47,165
 
Acceptances
 
 
68
 
 
 
68
 
 
 
25
 
 
 
11
 
 
 
6
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
178
 
Obligations related to securities sold short
 
 
172
 
 
 
1,750
 
 
 
2,362
 
 
 
1,158
 
 
 
456
 
 
 
3,693
 
 
 
8,311
 
 
 
11,091
 
 
 
9,111
 
 
 
38,104
 
Derivative financial instruments
 
 
3,015
 
 
 
6,702
 
 
 
4,077
 
 
 
3,506
 
 
 
2,311
 
 
 
7,770
 
 
 
11,011
 
 
 
17,639
 
 
 
–
 
 
 
56,031
 
Obligations related to securities sold under repurchase agreements and securities lent
 
 
179,305
 
 
 
7,159
 
 
 
1,894
 
 
 
546
 
 
 
240
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
189,144
 
Subordinated debentures
 
 
–
 
 
 
1,753
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
5,939
 
 
 
–
 
 
 
7,692
 
Other liabilities
 
 
158
 
 
 
494
 
 
 
2,167
 
 
 
1,204
 
 
 
888
 
 
 
2,857
 
 
 
7,042
 
 
 
9,401
 
 
 
42,651
 
 
 
66,862
 
Total equity
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
88,587
 
 
 
88,587
 
Total liabilities and equity
 
 
259,615
 
 
 
98,219
 
 
 
81,985
 
 
 
 58,274
 
 
 
48,639
 
 
 
   84,696
 
 
 
   113,656
 
 
 
 86,838
 
 
 
  628,120
   
 
 
 
1,460,042
 
Off-balance
sheet commitments
 
 
 
 
 
 
 
 
 
 
Credit commitments
(3)
 
$
2,347
 
 
$
9,299
 
 
$
12,846
 
 
$
17,043
 
 
$
14,364
 
 
$
53,723
 
 
$
149,510
 
 
$
21,210
 
 
$
–
 
 
$
280,342
 
Guarantees and letters of credit
(4)
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
86,851
 
 
 
86,851
 
 
(1)
Includes primarily impaired mortgages.
(2)
Includes primarily overdrafts and impaired loans.
 
(3)   Includes the undrawn component of committed credit and liquidity facilities.
(4)   Includes outstanding balances of guarantees, standby letters of credit and commercial letters of credit which may expire undrawn.
 
 
   
$
      
$
      
$
      
$
      
$
      
$
      
$
      
$
      
$
      
$
    
T59
 Contractual maturities*
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As at October 31, 2024
 
                     
($ millions)
 
Less
than one
month
 
 
One to
three
months
 
 
Three
to six
months
 
 
Six to
nine
months
 
 
Nine to
twelve
months
 
 
One to two
years
 
 
Two to five
years
 
 
Over five
years
 
 
No specific
maturity
 
 
Total
 
Assets
 
      
 
      
 
      
 
      
 
      
 
      
 
      
 
      
 
      
 
      
Cash and deposits with financial institutions and precious metals
 
$
59,871
 
 
$
600
 
 
$
100
 
 
$
45
 
 
$
53
 
 
$
152
 
 
$
272
 
 
$
221
 
 
$
5,086
 
 
$
66,400
 
Trading assets
 
 
2,183
 
 
 
3,233
 
 
 
3,782
 
 
 
3,925
 
 
 
3,620
 
 
 
8,484
 
 
 
21,126
 
 
 
22,003
 
 
 
61,371
 
 
 
129,727
 
Securities purchased under resale agreements and securities borrowed
 
 
165,155
 
 
 
19,828
 
 
 
10,573
 
 
 
1,722
 
 
 
2,569
 
 
 
–
 
 
 
696
 
 
 
–
 
 
 
–
 
 
 
200,543
 
Derivative financial instruments
 
 
3,545
 
 
 
5,929
 
 
 
3,118
 
 
 
2,584
 
 
 
1,844
 
 
 
6,774
 
 
 
9,718
 
 
 
10,867
 
 
 
–
 
 
 
44,379
 
Investment securities – FVOCI
 
 
3,404
 
 
 
7,194
 
 
 
6,525
 
 
 
4,316
 
 
 
3,825
 
 
 
19,546
 
 
 
46,178
 
 
 
27,238
 
 
 
3,162
 
 
 
121,388
 
Investment securities – amortized cost
 
 
16
 
 
 
919
 
 
 
706
 
 
 
1,136
 
 
 
994
 
 
 
1,860
 
 
 
4,935
 
 
 
18,846
 
 
 
–
 
 
 
29,412
 
Investment securities – FVTPL
 
 
2
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
26
 
 
 
–
 
 
 
2,004
 
 
 
2,032
 
Loans
 
 
40,996
 
 
 
43,071
 
 
 
49,443
 
 
 
52,476
 
 
 
48,186
 
 
 
163,815
 
 
 
242,835
 
 
 
55,047
 
 
 
64,960
 
 
 
760,829
 
Residential mortgages
 
 
5,215
 
 
 
9,719
 
 
 
17,163
 
 
 
19,002
 
 
 
21,784
 
 
 
97,508
 
 
 
135,961
 
 
 
40,720
 
 
 
3,869
(1)
 
 
 
350,941
 
Personal loans
 
 
3,499
 
 
 
3,470
 
 
 
3,379
 
 
 
4,807
 
 
 
3,598
 
 
 
12,012
 
 
 
25,695
 
 
 
6,582
 
 
 
43,337
 
 
 
106,379
 
Credit cards
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
17,374
 
 
 
17,374
 
Business and government
 
 
32,282
 
 
 
29,882
 
 
 
28,901
 
 
 
28,667
 
 
 
22,804
 
 
 
54,295
 
 
 
81,179
 
 
 
7,745
 
 
 
6,916
(2)
 
 
 
292,671
 
Allowance for credit losses
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
(6,536
) 
 
 
(6,536
) 
Customers’ liabilities under acceptances
 
 
39
 
 
 
57
 
 
 
36
 
 
 
10
 
 
 
6
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
148
 
Other assets
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
57,169
 
 
 
57,169
 
Total assets
 
 
275,211
 
 
 
80,831
 
 
 
74,283
 
 
 
66,214
 
 
 
61,097
 
 
 
200,631
 
 
 
325,786
 
 
 
134,222
 
 
 
193,752
 
 
 
1,412,027
 
                     
  
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
   
$
      
$
      
$
      
$
      
$
      
$
      
$
      
$
      
$
      
$
    
Liabilities and equity
 
      
 
      
 
      
 
      
 
      
 
      
 
      
 
      
 
      
 
      
Deposits
 
$
88,575
 
 
$
77,322
 
 
$
68,891
 
 
$
57,925
 
 
$
43,415
 
 
$
64,530
 
 
$
76,309
 
 
$
24,977
 
 
$
441,905
 
 
$
943,849
 
Personal
 
 
16,273
 
 
 
23,956
 
 
 
24,000
 
 
 
22,746
 
 
 
19,827
 
 
 
19,423
 
 
 
12,430
 
 
 
138
 
 
 
160,028
 
 
 
298,821
 
Non-personal
 
 
72,302
 
 
 
53,366
 
 
 
44,891
 
 
 
35,179
 
 
 
23,588
 
 
 
45,107
 
 
 
63,879
 
 
 
24,839
 
 
 
281,877
  
 
 
645,028
 
Financial instruments designated at fair value through profit or loss
 
 
510
 
 
 
1,045
 
 
 
2,132
 
 
 
1,609
 
 
 
1,833
 
 
 
5,330
 
 
 
8,887
 
 
 
14,995
 
 
 
–
 
 
 
36,341
 
Acceptances
 
 
40
 
 
 
57
 
 
 
36
 
 
 
10
 
 
 
6
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
149
 
Obligations related to securities sold short
 
 
272
 
 
 
1,988
 
 
 
1,120
 
 
 
1,803
 
 
 
816
 
 
 
3,638
 
 
 
7,114
 
 
 
9,413
 
 
 
8,878
 
 
 
35,042
 
Derivative financial instruments
 
 
2,754
 
 
 
4,595
 
 
 
2,429
 
 
 
2,301
 
 
 
1,857
 
 
 
7,647
 
 
 
11,705
 
 
 
17,972
 
 
 
–
 
 
 
51,260
 
Obligations related to securities sold under repurchase agreements and securities lent
 
 
186,240
 
 
 
3,427
 
 
 
93
 
 
 
437
 
 
 
44
 
 
 
208
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
190,449
 
Subordinated debentures
 
 
–
 
 
 
–
 
 
 
–
 
 
 
251
 
 
 
–
 
 
 
1,740
 
 
 
–
 
 
 
5,842
 
 
 
–
 
 
 
7,833
 
Other liabilities
 
 
533
 
 
 
759
 
 
 
1,285
 
 
 
1,267
 
 
 
979
 
 
 
3,142
 
 
 
6,860
 
 
 
8,954
 
 
 
39,249
 
 
 
63,028
 
Total equity
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
84,076
 
 
 
84,076
 
Total liabilities and equity
 
 
 278,924
 
 
 
 89,193
 
 
 
 75,986
 
 
 
 65,603
 
 
 
 48,950
 
 
 
 86,235
 
 
 
 110,875
 
 
 
 82,153
 
 
 
 574,108
 
 
 
 1,412,027
 
Off-balance
sheet commitments
 
      
 
      
 
      
 
      
 
      
 
      
 
      
 
      
 
      
 
      
Credit commitments
(3)
 
$
1,538
 
 
$
9,568
 
 
$
15,403
 
 
$
18,291
 
 
$
12,075
 
 
$
58,806
 
 
$
144,972
 
 
$
8,818
 
 
$
–
 
 
$
269,471
 
Guarantees and letters of credit
(4)
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
–
 
 
 
64,016
 
 
 
64,016
 
 
(1)
Includes primarily impaired mortgages.
(2)
Includes primarily overdrafts and impaired loans.
 
(3)   Includes the undrawn component of committed credit and liquidity facilities.
(4)   Includes outstanding balances of guarantees, standby letters of credit and commercial letters of credit which may expire undrawn.