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Note 12 Joint ventures and associated companies | We do not have any joint ventures or associated companies that are individually material to our financial results. The following table summarizes the carrying value of our interests in joint ventures and associated companies accounted for under the equity method as well as our share of the income of those entities.
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Joint ventures |
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Associated companies |
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As at and for the year ended |
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(Millions of Canadian dollars) |
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October 31 2023 |
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October 31 2023 |
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Carrying amount |
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$ |
215 |
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$ |
286 |
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Share of: |
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$ |
18 |
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$ |
5 |
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Excludes impairment losses recognized on our interests in joint ventures and associated companies. During the year ended October 31, 2024, we recognized impairment losses of $38 million in Non-interest income – Income (loss) from joint ventures and associates with respect to our interest in an associated company in our Wealth Management segment (October 31, 2023 – $242 million). |
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