Fair Value Measurements (Tables) |
6 Months Ended |
|---|---|
Apr. 30, 2024 | |
| Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |
| Schedule of Financial Assets and Liabilities not Carried at Fair Value | The following table reflects the fair value Financial Assets and Liabilities not carried 1 (millions of Canadian dollars) As at April 30, 2024 October 31, 2023 Carrying Fair Carrying Fair value value value value FINANCIAL ASSETS Debt securities at amortized cost, net of allowance Government and government-related $ 222,786 $ 216,565 $ 232,093 $ 222,699 Other debt securities 70,808 68,531 75,923 72,511 Total debt securities at amortized cost, net of allowance for credit losses 293,594 285,096 308,016 295,210 Total loans, net of allowance for loan losses 928,124 917,578 895,947 877,763 Total financial assets not carried at fair value $ 1,221,718 $ 1,202,674 $ 1,203,963 $ 1,172,973 FINANCIAL LIABILITIES Deposits $ 1,203,771 $ 1,197,933 $ 1,198,190 $ 1,188,585 Securitization liabilities at amortized 12,581 12,107 12,710 12,035 Subordinated notes and debentures 11,318 11,294 9,620 9,389 Total financial liabilities not carried at fair value $ 1,227,670 $ 1,221,334 $ 1,220,520 $ 1,210,009 This table excludes financial assets and liabilities where the carrying value approximates their fair value. |
| Schedule of Reconciliation of Changes in Fair Value for Level 3 Assets and Liabilities | The following tables set out changes in fair six months ended April 30, 2024 and April 30, Reconciliation of Changes in Fair Value for Level 3 Assets and Liabilities (millions of Canadian dollars) Change in unrealized Fair Total realized and Fair gains value as at unrealized gains (losses) Movements 1 Transfers value as at (losses) on February 1 Included Included Purchases/ Sales/ Into Out of April 30 instruments 2024 in income 2 in OCI 3,4 Issuances Settlements Level 3 Level 3 2024 still held 5 FINANCIAL ASSETS Trading loans, securities, and other Government and government- related securities $ 34 $ – $ – $ – $ (34) $ – $ – $ – $ – Other debt securities 61 (2) – 18 (4) 5 (49) 29 (1) Equity securities 7 – – 2 – – – 9 (1) 102 (2) – 20 (38) 5 (49) 38 (2) Non-trading financial assets at fair value through profit or loss Securities 1,079 49 – 33 (10) – (1) 1,150 45 1,079 49 – 33 (10) – (1) 1,150 45 Financial assets at fair value through other comprehensive income Other debt securities 26 – (1) – (11) – – 14 3 Equity securities 2,142 – (2) 122 45 – – 2,307 (13) $ 2,168 $ – $ (3) $ 122 $ 34 $ – $ – $ 2,321 $ (10) FINANCIAL LIABILITIES Trading deposits 6 $ (1,039) $ 34 $ – $ (18) $ 97 $ – $ 16 $ (910) $ 44 Derivatives 7 Interest rate contracts (137) (18) – – 7 – – (148) (10) Foreign exchange contracts (1) (1) – – 1 (6) – (7) (1) Equity contracts (28) 5 – – (1) – 1 (23) 4 Commodity contracts (10) (14) – – 30 – – 6 8 (176) (28) – – 37 (6) 1 (172) 1 Financial liabilities designated at fair value through profit or loss (24) (37) – (79) 66 – – (74) (37) Change in unrealized Fair Total realized and Fair gains value as at unrealized gains (losses) Movements 1 Transfers value as at (losses) on November 1 Included Included Purchases/ Sales/ Into Out of April 30 instruments 2023 in income 2 in OCI 4 Issuances Settlements Level 3 Level 3 2024 still held 5 FINANCIAL ASSETS Trading loans, securities, and other Government and government- related securities $ 67 $ – $ – $ – $ (67) $ – $ – $ – $ – Other debt securities 65 1 – 90 (85) 7 (49) 29 (2) Equity securities 10 (1) – 2 (2) – – 9 – 142 – – 92 (154) 7 (49) 38 (2) Non-trading financial assets at fair value through profit or loss Securities 980 62 – 124 (15) – (1) 1,150 62 980 62 – 124 (15) – (1) 1,150 62 Financial assets at fair value through other comprehensive income Other debt securities 27 – (4) 3 (12) – – 14 – Equity securities 2,377 – (12) 128 (186) – – 2,307 (11) $ 2,404 $ – $ (16) $ 131 $ (198) $ – $ – $ 2,321 $ (11) FINANCIAL LIABILITIES Trading deposits 6 $ (985) $ 10 $ – $ (74) $ 118 $ – $ 21 $ (910) $ 2 Derivatives 7 Interest rate contracts (126) (41) – – 19 – – (148) (23) Foreign exchange contracts (6) 1 – – 1 (6) 3 (7) (2) Equity contracts (21) (1) – – (1) (1) 1 (23) (1) Commodity contracts (1) (4) – – 11 – – 6 (5) (154) (45) – – 30 (7) 4 (172) (31) Financial liabilities designated at fair value through profit or loss (22) 1 – (133) 80 – – (74) – Includes foreign exchange. 2 3 4 details. 5 6 7 20 10 22 192 (January 31, 2024/February 1, 2024 – $ 186 176 Reconciliation of Changes in Fair Value for Level 3 Assets and Liabilities (millions of Canadian dollars) Change in unrealized Fair Total realized and Fair gains value as at unrealized gains (losses) Movements 1 Transfers value as at (losses) on February 1 Included Included Purchases/ Sales/ Into Out of April 30 instruments 2023 in income 2 in OCI 3 Issuances Settlements Level 3 Level 3 2023 still held 4 FINANCIAL ASSETS Trading loans, securities, and other Government and government- related securities $ – $ – $ – $ – $ – $ – $ – $ – $ – Other debt securities 85 (3) – 9 (44) – (25) 22 (27) Equity securities – (4) – 39 (5) – – 30 (2) 85 (7) – 48 (49) – (25) 52 (29) Non-trading financial assets at fair value through profit or loss Securities 927 40 – 79 (45) – – 1,001 21 927 40 – 79 (45) – – 1,001 21 Financial assets at fair value through other comprehensive income Other debt securities 63 – (15) 21 (8) – – 61 – Equity securities 3,240 – (189) 1,269 (635) – – 3,685 (183) $ 3,303 $ – $ (204) $ 1,290 $ (643) $ – $ – $ 3,746 $ (183) FINANCIAL LIABILITIES Trading deposits 5 $ (486) $ (17) $ – $ (89) $ 4 $ (6) $ 2 $ (592) $ (14) Derivatives 6 Interest rate contracts (164) (6) – – 1 – – (169) 5 Foreign exchange contracts 2 (1) – – – – – 1 – Equity contracts (51) 14 – 26 (9) – (7) (27) 16 Commodity contracts 5 11 – – (18) – – (2) (1) (208) 18 – 26 (26) – (7) (197) 20 Financial liabilities designated at fair value through profit or loss (22) 20 – (127) 80 – – (49) (21) Change in unrealized Fair Total realized and Fair gains value as at unrealized gains (losses) Movements 1 Transfers value as at (losses) on November 1 Included Included Purchases/ Sales/ Into Out of April 30 instruments 2022 in income 2 in OCI 3 Issuances Settlements Level 3 Level 3 2023 still held 4 FINANCIAL ASSETS Trading loans, securities, and other Government and government- related securities $ – $ – $ – $ – $ – $ – $ – $ – $ – Other debt securities 49 6 – 23 (59) 35 (32) 22 (23) Equity securities – (4) – 39 (5) – – 30 (2) 49 2 – 62 (64) 35 (32) 52 (25) Non-trading financial assets at fair value through profit or loss Securities 845 83 – 121 (48) – – 1,001 56 845 83 – 121 (48) – – 1,001 56 Financial assets at fair value through other comprehensive income Other debt securities 60 – (8) 21 (12) – – 61 – Equity securities 2,477 – (211) 2,093 (674) – – 3,685 (205) $ 2,537 $ – $ (219) $ 2,114 $ (686) $ – $ – $ 3,746 $ (205) FINANCIAL LIABILITIES Trading deposits 5 $ (416) $ (29) $ – $ (148) $ 8 $ (9) $ 2 $ (592) $ (24) Derivatives 6 Interest rate contracts (156) (30) – – 17 – – (169) (5) Foreign exchange contracts 4 (4) – – – – 1 1 (1) Equity contracts (59) 43 – 26 (7) (2) (28) (27) 17 Commodity contracts 27 40 – – (69) – – (2) (4) (184) 49 – 26 (59) (2) (27) (197) 7 Financial liabilities designated at fair value through profit or loss (44) 70 – (187) 112 – – (49) 72 Includes foreign exchange. 2 3 4 5 6 20 31 50 217 (January 31, 2023/ February 1, 2023 – $ 239 234 |
| At fair value [member] | |
| Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |
| Schedule of Fair Value Hierarchy for Assets and Liabilities | The following table presents the levels within April 30, 2024 and October 31, 2023. Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value on a Recurring Basis (millions of Canadian dollars) As at April 30, 2024 October 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total FINANCIAL ASSETS AND COMMODITIES Trading loans, securities, and other 1 Government and government-related securities Canadian government debt Federal $ 39 $ 7,513 $ – $ 7,552 $ 72 $ 9,073 $ – $ 9,145 Provinces – 7,482 – 7,482 – 7,445 – 7,445 U.S. federal, state, municipal governments, – 22,575 – 22,575 2 24,325 67 24,394 Other OECD 2 – 9,390 – 9,390 – 8,811 – 8,811 Mortgage-backed securities – 1,964 – 1,964 – 1,698 – 1,698 Other debt securities Canadian issuers – 5,888 4 5,892 – 6,067 5 6,072 Other issuers – 14,579 25 14,604 – 14,553 60 14,613 Equity securities 65,210 18 9 65,237 54,186 41 10 54,237 Trading loans – 19,092 – 19,092 – 17,261 – 17,261 Commodities 11,749 807 – 12,556 7,620 791 – 8,411 Retained interests – 2 – 2 – 3 – 3 76,998 89,310 38 166,346 61,880 90,068 142 152,090 Non-trading financial assets at fair value through profit or loss Securities 278 1,555 1,150 2,983 269 2,596 980 3,845 Loans – 2,663 – 2,663 – 3,495 – 3,495 278 4,218 1,150 5,646 269 6,091 980 7,340 Derivatives Interest rate contracts – 21,091 – 21,091 17 22,893 – 22,910 Foreign exchange contracts 47 52,061 5 52,113 26 57,380 7 57,413 Credit contracts – 81 – 81 – 54 – 54 Equity contracts 58 4,901 – 4,959 58 4,839 – 4,897 Commodity contracts 556 3,375 15 3,946 306 1,787 15 2,108 661 81,509 20 82,190 407 86,953 22 87,382 Financial assets designated at fair value through profit or loss Securities 1 – 5,925 – 5,925 – 5,818 – 5,818 – 5,925 – 5,925 – 5,818 – 5,818 Financial assets at fair value through other comprehensive income Government and government-related securities Canadian government debt Federal – 18,607 – 18,607 – 18,210 – 18,210 Provinces – 20,586 – 20,586 – 19,940 – 19,940 U.S. federal, state, municipal governments, – 15,624 – 15,624 – 11,002 – 11,002 Other OECD government-guaranteed debt – 1,683 – 1,683 – 1,498 – 1,498 Mortgage-backed securities – 2,211 – 2,211 – 2,277 – 2,277 Other debt securities Asset-backed securities – 3,458 – 3,458 – 4,114 – 4,114 Corporate and other debt – 9,161 14 9,175 – 8,863 27 8,890 Equity securities 1,388 1 2,307 3,696 1,133 3 2,377 3,513 Loans – 206 – 206 – 421 – 421 1,388 71,537 2,321 75,246 1,133 66,328 2,404 69,865 Securities purchased under reverse repurchase agreements – 8,920 – 8,920 – 9,649 – 9,649 FINANCIAL LIABILITIES Trading deposits – 30,311 910 31,221 – 29,995 985 30,980 Derivatives Interest rate contracts 1 13,403 148 13,552 16 21,064 126 21,206 Foreign exchange contracts 49 46,370 12 46,431 19 44,841 13 44,873 Credit contracts – 799 – 799 – 172 – 172 Equity contracts – 5,207 23 5,230 7 3,251 21 3,279 Commodity contracts 644 3,077 9 3,730 248 1,846 16 2,110 694 68,856 192 69,742 290 71,174 176 71,640 Securitization liabilities at fair value – 17,653 – 17,653 – 14,422 – 14,422 Financial liabilities designated at fair value through profit or loss – 188,031 74 188,105 – 192,108 22 192,130 Obligations related to securities sold short 1 2,117 36,028 – 38,145 1,329 43,332 – 44,661 Obligations related to securities sold under repurchase agreements – 11,747 – 11,747 – 12,641 – 12,641 Balances reflect the reduction of securities owned (long positions) by the amount of identical securities sold but 2 Organisation for Economic Cooperation and Development (OECD). |