Loans, Impaired Loans, and Allowance for Credit Losses (Tables) |
6 Months Ended |
---|---|
Apr. 30, 2024 | |
Disclosure of Financial Instruments [Abstract] | |
Summary of Banks Loans and Acceptances | The following table provides details regarding Loans and Acceptances (millions of Canadian dollars) As at April 30, 2024 October 31, 2023 Residential mortgages $ 326,032 $ 320,341 Consumer instalment and other personal 221,197 217,554 Credit card 39,421 38,660 Business and government 349,019 326,528 935,669 903,083 Customers’ liability under acceptances 4,183 17,569 Loans at FVOCI 206 421 Total loans 940,058 921,073 Total allowance for loan losses 7,545 7,136 Total loans $ 932,513 $ 913,937 |
Summary of Credit Quality | Business and government loans (including the “Loans and Acceptances by Risk Ratings” Loans and Acceptances (millions of Canadian dollars) As at April 30, 2024 October 31, 2023 Loans at amortized cost $ 349,019 $ 326,528 Customers’ liability under acceptances 4,183 17,569 Loans at FVOCI 206 421 Loans and acceptances 353,408 344,518 Allowance for loan losses 3,125 2,990 Loans and acceptances, net of allowance $ 350,283 $ 341,528 |
Summary of Gross Carrying Amounts of Loans, Acceptances and Credit Risk Exposures on Loan Commitments and Financial Guarantee Contracts by Internal Risk Ratings | The following table provides the gross carrying by internal risk ratings for credit risk management Loans and Acceptances by Risk Ratings (millions of Canadian dollars) As at April 30, 2024 October 31, 2023 Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Residential mortgages 1,2,3 Low Risk $ 228,023 $ 769 $ n/a $ 228,792 $ 225,596 $ 46 $ n/a $ 225,642 Normal Risk 69,156 13,473 n/a 82,629 70,423 11,324 n/a 81,747 Medium Risk 382 10,446 n/a 10,828 110 9,581 n/a 9,691 High Risk 4 3,096 308 3,408 10 2,573 325 2,908 Default n/a n/a 375 375 n/a n/a 353 353 Total loans 297,565 27,784 683 326,032 296,139 23,524 678 320,341 Allowance for loan losses 129 214 60 403 154 192 57 403 Loans, net of allowance 297,436 27,570 623 325,629 295,985 23,332 621 319,938 Consumer instalment and other personal 4 Low Risk 98,382 2,637 n/a 101,019 100,102 2,278 n/a 102,380 Normal Risk 61,842 12,648 n/a 74,490 60,613 13,410 n/a 74,023 Medium Risk 26,283 6,376 n/a 32,659 24,705 5,816 n/a 30,521 High Risk 4,607 7,533 365 12,505 4,122 5,700 323 10,145 Default n/a n/a 524 524 n/a n/a 485 485 Total loans 191,114 29,194 889 221,197 189,542 27,204 808 217,554 Allowance for loan losses 658 1,091 238 1,987 653 959 197 1,809 Loans, net of allowance 190,456 28,103 651 219,210 188,889 26,245 611 215,745 Credit card Low Risk 6,320 16 n/a 6,336 6,499 12 n/a 6,511 Normal Risk 11,126 182 n/a 11,308 11,171 134 n/a 11,305 Medium Risk 12,736 1,126 n/a 13,862 12,311 1,163 n/a 13,474 High Risk 2,767 4,605 427 7,799 2,567 4,289 401 7,257 Default n/a n/a 116 116 n/a n/a 113 113 Total loans 32,949 5,929 543 39,421 32,548 5,598 514 38,660 Allowance for loan losses 667 979 384 2,030 709 913 312 1,934 Loans, net of allowance 32,282 4,950 159 37,391 31,839 4,685 202 36,726 Business and government 1,2,3,5 Investment grade or Low/Normal Risk 163,179 112 n/a 163,291 159,477 101 n/a 159,578 Non-investment grade or Medium Risk 162,642 10,685 n/a 173,327 161,651 10,278 n/a 171,929 Watch and classified or High Risk 698 14,312 69 15,079 604 11,017 75 11,696 Default n/a n/a 1,711 1,711 n/a n/a 1,315 1,315 Total loans and acceptances 326,519 25,109 1,780 353,408 321,732 21,396 1,390 344,518 Allowance for loan and acceptances 1,025 1,631 469 3,125 1,157 1,371 462 2,990 Loans and acceptances, net of allowance 325,494 23,478 1,311 350,283 320,575 20,025 928 341,528 Total loans and acceptances 6 848,147 88,016 3,895 940,058 839,961 77,722 3,390 921,073 Total allowance for loan losses 6,7 2,479 3,915 1,151 7,545 2,673 3,435 1,028 7,136 Total loans and acceptances, net of allowance 6 $ 845,668 $ 84,101 $ 2,744 $ 932,513 $ 837,288 $ 74,287 $ 2,362 $ 913,937 Includes impaired loans with a balance of $ 192 271 exceeded the loan amount. Excludes trading loans and non-trading loans at fair value through profit or loss (FVTPL) with a fair value of $ 19 17 3 $ 3 Includes insured mortgages of $ 73 74 4 6 7 Includes loans guaranteed by government agencies of $ 25 26 the borrowers’ credit risk. 6 nil 91 nil 6 been included in the “Default” 7 nil nil ). Loans and Acceptances by Risk Ratings (Continued) 1 (millions of Canadian dollars) As at April 30, 2024 October 31, 2023 Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Retail Exposures 2 Low Risk $ 256,848 $ 1,397 $ n/a $ 258,245 $ 254,231 $ 1,093 $ n/a $ 255,324 Normal Risk 92,179 1,301 n/a 93,480 91,474 1,112 n/a 92,586 Medium Risk 19,866 1,235 n/a 21,101 19,774 1,079 n/a 20,853 High Risk 1,229 1,278 – 2,507 1,209 1,198 – 2,407 Default n/a n/a – – n/a n/a – – Non-Retail Exposures 3 Investment grade 275,384 – n/a 275,384 264,029 – n/a 264,029 Non-investment grade 97,750 5,328 n/a 103,078 98,068 4,396 n/a 102,464 Watch and classified 305 4,533 – 4,838 218 4,158 – 4,376 Default n/a n/a 204 204 n/a n/a 107 107 Total off-balance sheet credit instruments 743,561 15,072 204 758,837 729,003 13,036 107 742,146 Allowance for off-balance sheet credit instruments 423 568 11 1,002 476 565 8 1,049 Total off-balance sheet credit instruments, net of allowance $ 743,138 $ 14,504 $ 193 $ 757,835 $ 728,527 $ 12,471 $ 99 $ 741,097 Excludes mortgage commitments. 2 373 369 3 64 62 |
Summary of Allowance for Credit Losses | The following table provides details on including allowance for off-balance sheet instruments Allowance for Credit Losses (millions of Canadian dollars) Foreign Foreign exchange, exchange, Balance at Provision Write-offs, disposals, Balance Balance at Provision Write-offs, disposals, Balance beginning for credit net of and other at end of beginning for credit net of and other at end of of period losses recoveries adjustments period of period losses recoveries adjustments period For the three months ended April 30, 2024 April 30, 2023 Residential mortgages $ 410 $ (8) $ (1) $ 2 $ 403 $ 330 $ 4 $ (3) $ 3 $ 334 Consumer instalment and other personal 1,979 361 (288) 20 2,072 1,753 183 (181) 11 1,766 Credit card 2,577 423 (403) 47 2,644 2,407 327 (283) 29 2,480 Business and government 3,299 296 (207) 40 3,428 2,987 86 (57) 48 3,064 Total allowance for loan losses, including off-balance sheet instruments 8,265 1,072 (899) 109 8,547 7,477 600 (524) 91 7,644 Debt securities at amortized cost 2 – – – 2 1 – – 1 2 Debt securities at FVOCI 1 (1) – 1 1 1 (1) – 1 1 Total allowance for credit losses on debt securities 3 (1) – 1 3 2 (1) – 2 3 Total allowance for credit losses $ 8,268 $ 1,071 $ (899) $ 110 $ 8,550 $ 7,479 $ 599 $ (524) $ 93 $ 7,647 Comprising: Allowance for credit losses on loans at amortized cost $ 7,265 $ 7,545 $ 6,492 $ 6,644 Allowance for credit losses on loans at FVOCI – – – – Allowance for loan losses 7,265 7,545 6,492 6,644 Allowance for off-balance sheet instruments 1,000 1,002 985 1,000 Allowance for credit losses on debt securities 3 3 2 3 For the six months ended April 30, 2024 April 30, 2023 Residential mortgages $ 403 $ – $ (3) $ 3 $ 403 $ 323 $ 16 $ (4) $ (1) $ 334 Consumer instalment and other personal 1,895 743 (563) (3) 2,072 1,704 445 (377) (6) 1,766 Credit card 2,577 853 (772) (14) 2,644 2,352 664 (528) (8) 2,480 Business and government 3,310 477 (320) (39) 3,428 2,984 165 (88) 3 3,064 Total allowance for loan losses, including off-balance sheet instruments 8,185 2,073 (1,658) (53) 8,547 7,363 1,290 (997) (12) 7,644 Debt securities at amortized cost 2 – – – 2 1 – – 1 2 Debt securities at FVOCI 2 (1) – – 1 2 (1) – – 1 Total allowance for credit losses on debt securities 4 (1) – – 3 3 (1) – 1 3 Total allowance for credit losses $ 8,189 $ 2,072 $ (1,658) $ (53) $ 8,550 $ 7,366 $ 1,289 $ (997) $ (11) $ 7,647 Comprising: Allowance for credit losses on loans at amortized cost $ 7,136 $ 7,545 $ 6,432 $ 6,644 Allowance for credit losses on loans at FVOCI – – – – Allowance for loan losses 7,136 7,545 6,432 6,644 Allowance for off-balance sheet instruments 1,049 1,002 931 1,000 Allowance for credit losses on debt securities 4 3 3 3 |
Summary of Allowance for Loan Losses | The following table provides details on Allowance for Loan Losses by Stage (millions of Canadian dollars) For the three months ended April 30, 2024 April 30, 2023 Stage 1 Stage 2 Stage 3 1 Total Stage 1 Stage 2 Stage 3 1 Total Residential Mortgages Balance at beginning of period $ 137 $ 212 $ 61 $ 410 $ 129 $ 150 $ 51 $ 330 Provision for credit losses Transfer to Stage 1 2 32 (32) – – 21 (21) – – Transfer to Stage 2 (7) 13 (6) – (8) 12 (4) – Transfer to Stage 3 – (8) 8 – (1) (3) 4 – Net remeasurement due to transfers into stage 3 (8) 6 – (2) (4) 5 – 1 New originations or purchases 4 7 n/a n/a 7 8 n/a n/a 8 Net repayments 5 (1) – – (1) (1) (1) – (2) Derecognition of financial assets (excluding disposals and write-offs) 6 (1) (7) (19) (27) (1) (4) (3) (8) Changes to risk, parameters, and models 7 (31) 29 17 15 (28) 30 3 5 Disposals – – – – – – – – Write-offs – – (2) (2) – – (3) (3) Recoveries – – 1 1 – – – – Foreign exchange and other adjustments 1 1 – 2 1 1 1 3 Balance at end of period $ 129 $ 214 $ 60 $ 403 $ 116 $ 169 $ 49 $ 334 Consumer Instalment and Other Personal Balance, including off-balance sheet instruments, at beginning of period $ 664 $ 1,090 $ 225 $ 1,979 $ 675 $ 916 $ 162 $ 1,753 Provision for credit losses Transfer to Stage 1 2 142 (141) (1) – 136 (135) (1) – Transfer to Stage 2 (58) 81 (23) – (48) 67 (19) – Transfer to Stage 3 (3) (62) 65 – (2) (49) 51 – Net remeasurement due to transfers into stage 3 (63) 71 2 10 (48) 49 3 4 New originations or purchases 4 87 n/a n/a 87 99 n/a n/a 99 Net repayments 5 (18) (24) (4) (46) (1) (26) (3) (30) Derecognition of financial assets (excluding disposals and write-offs) 6 (16) (26) (16) (58) (17) (23) (8) (48) Changes to risk, parameters, and models 7 (55) 148 275 368 (124) 117 165 158 Disposals – – – – – – – – Write-offs – – (370) (370) – – (254) (254) Recoveries – – 82 82 – – 73 73 Foreign exchange and other adjustments 8 9 3 20 5 5 1 11 Balance, including off-balance sheet instruments, at end of period 688 1,146 238 2,072 675 921 170 1,766 Less: Allowance for off-balance sheet instruments 8 30 55 – 85 37 51 – 88 Balance at end of period $ 658 $ 1,091 $ 238 $ 1,987 $ 638 $ 870 $ 170 $ 1,678 Credit Card 9 Balance, including off-balance sheet instruments, at beginning of period $ 880 $ 1,325 $ 372 $ 2,577 $ 956 $ 1,198 $ 253 $ 2,407 Provision for credit losses Transfer to Stage 1 2 263 (255) (8) – 270 (264) (6) – Transfer to Stage 2 (81) 101 (20) – (76) 90 (14) – Transfer to Stage 3 (5) (239) 244 – (5) (179) 184 – Net remeasurement due to transfers into stage 3 (118) 121 6 9 (127) 121 5 (1) New originations or purchases 4 40 n/a n/a 40 46 n/a n/a 46 Net repayments 5 (8) 1 18 11 34 (6) 15 43 Derecognition of financial assets (excluding disposals and write-offs) 6 (10) (18) (88) (116) (10) (23) (65) (98) Changes to risk, parameters, and models 7 (61) 286 254 479 (135) 284 188 337 Disposals – – – – – – – – Write-offs – – (486) (486) – – (357) (357) Recoveries – – 83 83 – – 74 74 Foreign exchange and other adjustments 15 23 9 47 11 14 4 29 Balance, including off-balance sheet instruments, at end of period 915 1,345 384 2,644 964 1,235 281 2,480 Less: Allowance for off-balance sheet instruments 8 248 366 – 614 278 361 – 639 Balance at end of period $ 667 $ 979 $ 384 $ 2,030 $ 686 $ 874 $ 281 $ 1,841 Includes allowance for loan losses related to ACI loans. 2 3 described in the “Significant Increase in Credit Risk” section of Note 2 and Note 3 of the Bank’s 2023 change in ECLs constant. 4 5 6 7 subsequent to stage migration. Refer to the “Measurement of Expected Credit Losses”, “Forward-Looking Information Bank’s 2023 Annual Consolidated Financial Statements for further details. 8 9 Consolidated Financial Statements for further details. Allowance for Loan Losses by Stage (Continued) (millions of Canadian dollars) For the three months ended April 30, 2024 April 30, 2023 Stage 1 Stage 2 Stage 3 1 Total Stage 1 Stage 2 Stage 3 1 Total Business and Government 2 Balance, including off-balance sheet instruments, at beginning of period $ 1,139 $ 1,631 $ 529 $ 3,299 $ 1,265 $ 1,356 $ 366 $ 2,987 Provision for credit losses Transfer to Stage 1 3 52 (52) – – 122 (122) – – Transfer to Stage 2 (166) 170 (4) – (124) 127 (3) – Transfer to Stage 3 (2) (80) 82 – (4) (18) 22 – Net remeasurement due to transfers into stage 3 (18) 51 1 34 (36) 27 – (9) New originations or purchases 3 297 n/a n/a 297 265 n/a n/a 265 Net repayments 3 9 (11) (3) (5) 28 (18) (19) (9) Derecognition of financial assets (excluding disposals and write-offs) 3 (161) (155) (100) (416) (163) (121) (106) (390) Changes to risk, parameters, and models 3 2 194 190 386 (125) 192 162 229 Disposals – – – – – – – – Write-offs – – (222) (222) – – (65) (65) Recoveries – – 15 15 – – 8 8 Foreign exchange and other adjustments 18 30 (8) 40 33 18 (3) 48 Balance, including off-balance sheet instruments, at end of period 1,170 1,778 480 3,428 1,261 1,441 362 3,064 Less: Allowance for off-balance sheet instruments 4 145 147 11 303 150 120 3 273 Balance at end of period 1,025 1,631 469 3,125 1,111 1,321 359 2,791 Total Allowance, including instruments, at end of period 2,902 4,483 1,162 8,547 3,016 3,766 862 7,644 Less: Total Allowance for instruments 4 423 568 11 1,002 465 532 3 1,000 Total Allowance for Loan Losses $ 2,479 $ 3,915 $ 1,151 $ 7,545 $ 2,551 $ 3,234 $ 859 $ 6,644 Includes allowance for loan losses related to ACI loans. 2 3 4 The following table provides details on Allowance for Loan Losses by Stage (millions of Canadian dollars) For the six months ended April 30, 2024 April 30, 2023 Stage 1 Stage 2 Stage 3 1 Total Stage 1 Stage 2 Stage 3 1 Total Residential Mortgages Balance at beginning of period $ 154 $ 192 $ 57 $ 403 $ 127 $ 140 $ 56 $ 323 Provision for credit losses Transfer to Stage 1 2 68 (65) (3) – 56 (55) (1) – Transfer to Stage 2 (17) 28 (11) – (14) 23 (9) – Transfer to Stage 3 – (17) 17 – (1) (8) 9 – Net remeasurement due to transfers into stage 3 (14) 13 – (1) (11) 11 – – New originations or purchases 4 15 n/a n/a 15 16 n/a n/a 16 Net repayments 5 (2) – – (2) (2) (2) – (4) Derecognition of financial assets (excluding disposals and write-offs) 6 (3) (12) (23) (38) (2) (8) (6) (16) Changes to risk, parameters, and models 7 (71) 74 23 26 (52) 68 4 20 Disposals – – – – – – – – Write-offs – – (4) (4) – – (5) (5) Recoveries – – 1 1 – – 1 1 Foreign exchange and other adjustments (1) 1 3 3 (1) – – (1) Balance at end of period $ 129 $ 214 $ 60 $ 403 $ 116 $ 169 $ 49 $ 334 Consumer Instalment and Other Personal Balance, including off-balance sheet instruments, at beginning of period $ 688 $ 1,010 $ 197 $ 1,895 $ 654 $ 896 $ 154 $ 1,704 Provision for credit losses Transfer to Stage 1 2 273 (271) (2) – 306 (303) (3) – Transfer to Stage 2 (130) 172 (42) – (100) 137 (37) – Transfer to Stage 3 (6) (122) 128 – (4) (95) 99 – Net remeasurement due to transfers into stage 3 (117) 157 4 44 (101) 103 5 7 New originations or purchases 4 176 n/a n/a 176 198 n/a n/a 198 Net repayments 5 (36) (45) (7) (88) (23) (44) (6) (73) Derecognition of financial assets (excluding disposals and write-offs) 6 (33) (46) (26) (105) (35) (47) (17) (99) Changes to risk, parameters, and models 7 (126) 294 548 716 (218) 277 353 412 Disposals – – – – – – – – Write-offs – – (717) (717) – – (520) (520) Recoveries – – 154 154 – – 143 143 Foreign exchange and other adjustments (1) (3) 1 (3) (2) (3) (1) (6) Balance, including off-balance sheet instruments, at end of period 688 1,146 238 2,072 675 921 170 1,766 Less: Allowance for off-balance sheet instruments 8 30 55 – 85 37 51 – 88 Balance at end of period $ 658 $ 1,091 $ 238 $ 1,987 $ 638 $ 870 $ 170 $ 1,678 Credit Card 9 Balance, including off-balance sheet instruments, at beginning of period $ 988 $ 1,277 $ 312 $ 2,577 $ 954 $ 1,191 $ 207 $ 2,352 Provision for credit losses Transfer to Stage 1 2 509 (494) (15) – 569 (558) (11) – Transfer to Stage 2 (176) 212 (36) – (162) 188 (26) – Transfer to Stage 3 (11) (462) 473 – (10) (343) 353 – Net remeasurement due to transfers into stage 3 (226) 260 13 47 (266) 248 10 (8) New originations or purchases 4 79 n/a n/a 79 97 n/a n/a 97 Net repayments 5 14 6 35 55 62 1 28 91 Derecognition of financial assets (excluding disposals and write-offs) 6 (20) (34) (172) (226) (22) (41) (111) (174) Changes to risk, parameters, and models 7 (236) 586 548 898 (255) 554 359 658 Disposals – – – – – – – – Write-offs – – (930) (930) – – (671) (671) Recoveries – – 158 158 – – 143 143 Foreign exchange and other adjustments (6) (6) (2) (14) (3) (5) – (8) Balance, including off-balance sheet instruments, at end of period 915 1,345 384 2,644 964 1,235 281 2,480 Less: Allowance for off-balance sheet instruments 8 248 366 – 614 278 361 – 639 Balance at end of period $ 667 $ 979 $ 384 $ 2,030 $ 686 $ 874 $ 281 $ 1,841 Includes allowance for loan losses related to ACI loans. 2 3 described in the “Significant Increase in Credit Risk” section of Note 2 and Note 3 of the Bank’s 2023 change in ECLs constant. 4 5 6 7 subsequent to stage migration. Refer to the “Measurement of Expected Credit Losses”, “Forward-Looking Information Bank’s 2023 Annual Consolidated Financial Statements for further details. 8 9 Consolidated Financial Statements for further details. Allowance for Loan Losses by Stage (Continued) (millions of Canadian dollars) For the six months ended April 30, 2024 April 30, 2023 Stage 1 Stage 2 Stage 3 1 Total Stage 1 Stage 2 Stage 3 1 Total Business and Government 2 Balance, including off-balance sheet instruments, at beginning of period $ 1,319 $ 1,521 $ 470 $ 3,310 $ 1,220 $ 1,417 $ 347 $ 2,984 Provision for credit losses Transfer to Stage 1 3 114 (114) – – 222 (220) (2) – Transfer to Stage 2 (283) 290 (7) – (283) 289 (6) – Transfer to Stage 3 (16) (135) 151 – (9) (39) 48 – Net remeasurement due to transfers into stage 3 (39) 93 5 59 (64) 51 – (13) New originations or purchases 3 568 n/a n/a 568 597 n/a n/a 597 Net repayments 3 17 (19) (29) (31) 32 (39) (43) (50) Derecognition of financial assets (excluding disposals and write-offs) 3 (333) (254) (145) (732) (351) (272) (239) (862) Changes to risk, parameters, and models 3 (160) 396 377 613 (116) 256 353 493 Disposals – – – – – – – – Write-offs – – (346) (346) – – (108) (108) Recoveries – – 26 26 – – 20 20 Foreign exchange and other adjustments (17) – (22) (39) 13 (2) (8) 3 Balance, including off-balance sheet instruments, at end of period 1,170 1,778 480 3,428 1,261 1,441 362 3,064 Less: Allowance for off-balance sheet instruments 4 145 147 11 303 150 120 3 273 Balance at end of period 1,025 1,631 469 3,125 1,111 1,321 359 2,791 Total Allowance, including instruments, at end of period 2,902 4,483 1,162 8,547 3,016 3,766 862 7,644 Less: Total Allowance for instruments 4 423 568 11 1,002 465 532 3 1,000 Total Allowance for Loan Losses $ 2,479 $ 3,915 $ 1,151 $ 7,545 $ 2,551 $ 3,234 $ 859 $ 6,644 Includes allowance for loan losses related to ACI loans. 2 3 4 |
Summary of Macroeconomic Variables impacted in Determining ECLs | Macroeconomic Variables As at April 30, 2024 Base Forecast Upside Scenario Downside Scenario Average Remaining Average Remaining Average Remaining Q2 2024- 4-year Q2 2024- 4-year Q2 2024- 4-year Q1 2025 1 period 1 Q1 2025 1 period 1 Q1 2025 1 period 1 Unemployment rate Canada 6.5 % 6.1 % 5.8 % 5.8 % 7.3 % 7.3 % United States 4.1 4.0 3.8 3.9 5.1 5.3 Real GDP Canada 1.1 1.9 1.5 1.9 (0.8) 2.2 United States 2.0 1.9 2.6 1.9 – 2.2 Home prices Canada (average existing price) 2 1.5 2.9 1.9 2.9 (9.6) 3.2 United States (CoreLogic HPI) 3 3.0 2.7 3.5 2.8 (8.2) 4.0 Central bank policy interest rate Canada 4.25 2.31 4.88 2.44 3.50 1.78 United States 4.94 2.84 5.38 2.94 4.00 2.28 U.S. 10-year treasury yield 3.86 3.21 4.20 3.32 3.67 3.17 U.S. 10-year BBB spread (%-pts) 1.70 1.81 1.49 1.74 2.40 2.09 Exchange rate (U.S. dollar/Canadian dollar) $ 0.74 $ 0.80 $ 0.77 $ 0.81 $ 0.71 $ 0.74 The numbers represent average values for the quoted periods, and average of year-on-year growth for real GDP and home prices. 2 The average home price is the average transacted sale price of homes sold via the Multiple Listing Service; data is collected by the Canadian Real Estate Association. 3 The CoreLogic home price index (HPI) is a repeat-sales index which tracks increases and decreases in the same home’s sales price over time. |
Schedule of Change from Base to Probability-Weighted ECL | The following table presents the base ECL loans and off-balance sheet instruments. The difference to non-linearity and sensitivity to using Change from Base to Probability-Weighted (millions of Canadian dollars, except As at April 30, 2024 October 31, 2023 Probability-weighted ECLs $ 7,385 $ 7,149 Base ECLs 6,849 6,658 Difference – in amount $ 536 $ 491 Difference – in percentage 7.8 % 7.4 % |
Schedule of Incremental Lifetime ECL Impact | The following table shows the estimated twelve-month ECLs compared to the current Incremental Lifetime ECLs Impact (millions of Canadian dollars) As at April 30, 2024 October 31, 2023 Probability-weighted ECLs $ 7,385 $ 7,149 All performing loans and off-balance sheet instruments 5,403 5,295 Incremental lifetime ECLs impact $ 1,982 $ 1,854 |
Summary of Loans Past Due but Not Impaired | The following table summarizes loans that due but not impaired. obligations. Loans Past Due but not Impaired 1 (millions of Canadian dollars) As at April 30, 2024 October 31, 2023 31-60 61-89 31-60 61-89 days days Total days days Total Residential mortgages $ 284 $ 97 $ 381 $ 286 $ 81 $ 367 Consumer instalment and other personal 862 330 1,192 870 287 1,157 Credit card 337 245 582 359 242 601 Business and government 234 121 355 264 103 367 Total $ 1,717 $ 793 $ 2,510 $ 1,779 $ 713 $ 2,492 Includes loans that are measured at FVOCI. |