v3.22.2.2
Subordinated debentures - Summary of Net of Holdings in Debentures (Detail)
$ in Millions, $ in Millions, $ in Millions
 12 Months Ended
Oct. 31, 2022
CAD ($)
Oct. 31, 2022
USD ($)
Oct. 31, 2022
TTD ($)
Oct. 31, 2021
CAD ($)
Disclosure of Detailed Information About Borrowings [Line items]        
Dated subordinated liabilities $ 10,036     $ 9,606
Deferred financing costs (11)     (13)
Subordinated debentures $ 10,025     9,593
July 15, 2022 [member]        
Disclosure of Detailed Information About Borrowings [Line items]        
Maturity [1] July 15, 2022      
Interest rate 5.38% 5.38% 5.38%  
Dated subordinated liabilities $ 0 $ 150   188
June 8, 2023 [member]        
Disclosure of Detailed Information About Borrowings [Line items]        
Maturity June 8, 2023      
Interest rate 9.30% 9.30% 9.30%  
Dated subordinated liabilities $ 110     110
January 27, 2026 [member]        
Disclosure of Detailed Information About Borrowings [Line items]        
Maturity [2] January 27, 2026      
Interest rate 4.65% 4.65% 4.65%  
Dated subordinated liabilities $ 1,884 $ 1,500   1,916
November 1, 2027 [member]        
Disclosure of Detailed Information About Borrowings [Line items]        
Maturity [3] November 1, 2027      
Redemption date Nov. 01, 2022      
Interest rate 4.75% 4.75% 4.75%  
Dated subordinated liabilities $ 60   $ 300 55
July 25, 2029 [Member]        
Disclosure of Detailed Information About Borrowings [Line items]        
Maturity [2] July 25, 2029      
Redemption date Jul. 25, 2024      
Interest rate [4] 2.74% 2.74% 2.74%  
Dated subordinated liabilities $ 1,415     1,499
December 23, 2029 [member]        
Disclosure of Detailed Information About Borrowings [Line items]        
Maturity [2] December 23, 2029      
Redemption date Dec. 23, 2024      
Interest rate [5] 2.88% 2.88% 2.88%  
Dated subordinated liabilities $ 1,412     1,489
June 30, 2030 [Member]        
Disclosure of Detailed Information About Borrowings [Line items]        
Maturity [2] June 30, 2030      
Redemption date Jun. 30, 2025      
Interest rate [6] 2.09% 2.09% 2.09%  
Dated subordinated liabilities $ 1,250     1,250
November 3, 2031 [Member]        
Disclosure of Detailed Information About Borrowings [Line items]        
Maturity [2] November 3, 2031      
Redemption date Nov. 03, 2026      
Interest rate [7] 2.14% 2.14% 2.14%  
Dated subordinated liabilities $ 1,637     1,717
May 3, 2032 [Member]        
Disclosure of Detailed Information About Borrowings [Line items]        
Maturity [2] May 3, 2032      
Redemption date May 03, 2027      
Interest rate [8] 2.94% 2.94% 2.94%  
Dated subordinated liabilities $ 932     0
January 28, 2033 [Member]        
Disclosure of Detailed Information About Borrowings [Line items]        
Maturity [2] January 28, 2033      
Redemption date Jan. 28, 2028      
Interest rate [9] 1.67% 1.67% 1.67%  
Dated subordinated liabilities $ 875     943
October 1, 2083 [member]        
Disclosure of Detailed Information About Borrowings [Line items]        
Maturity October 1, 2083      
Dated subordinated liabilities $ 224     224
Redemption date Any interest payment date      
June 29, 2085 [member]        
Disclosure of Detailed Information About Borrowings [Line items]        
Maturity June 29, 2085      
Dated subordinated liabilities $ 237 $ 174   $ 215
Redemption date Any interest payment date      
[1] On July 15, 2022, all US$150 million of outstanding 5.38% subordinated debentures matured.
[2] The notes include NVCC provisions, necessary for the notes to qualify as Tier 2 regulatory capital under Basel III. NVCC provisions require the conversion of the instrument into a variable number of common shares in the event that OSFI deems the Bank non-viable or a federal or provincial government in Canada publicly announces that the Bank has accepted or agreed to accept a capital injection. In such an event, each note is convertible into common shares pursuant to an automatic conversion formula with a multiplier of 1.5 and a conversion price based on the greater of: (i) a floor price of $5.00 and (ii) the current market price of our common shares based on the volume weighted average trading price of our common shares on the Toronto Stock Exchange. The number of shares issued is determined by dividing the par value of the note (including accrued and unpaid interest on such note) by the conversion price and then times the multiplier.
[3] On November 1, 2022, we redeemed all TT$300 million of outstanding 4.75% subordinated debentures due on November 1, 2027 for 100% of their principal amount plus interest accrued to, but excluding, the redemption date.
[4] Interest at stated interest rate until earliest par value redemption date, and thereafter at a rate of 0.98% above the 3-month CDOR.
[5] Interest at stated interest rate until earliest par value redemption date, and thereafter at a rate of 0.89% above the 3-month CDOR.
[6] Interest at stated interest rate until earliest par value redemption date, and thereafter at a rate of 1.31% above the 3-month CDOR.
[7] Interest at stated interest rate until earliest par value redemption date, and thereafter at a rate of 0.61% above the 3-month CDOR.
[8] Interest at stated interest rate until earliest par value redemption date, and thereafter at a rate of 0.76% above the 3-month CDOR.
[9] Interest at stated interest rate until earliest par value redemption date, and thereafter at a rate of 0.55% above the 3-month CDOR.