v3.26.1
Consolidated Statement of Cash Flows - CAD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Apr. 30, 2026
Apr. 30, 2025
Cash flows from operating activities        
Net income $ 2,632 $ 2,032 $ 4,931 $ 3,025
Adjustment for:        
Net interest income [1] (5,521) (5,270) (11,103) (10,443)
Depreciation and amortization 410 393 795 796
Provision for credit losses 1,217 1,398 2,393 2,560
Equity-settled share-based payment expense 2 3 10 11
Net gain on sale of investment securities (14) (7) (33) (38)
Net (gain)/loss on divestitures   35 434 1,397
Net income from investments in associated corporations (222) (159) (411) (272)
Income tax expense 799 540 1,671 1,266
Changes in operating assets and liabilities:        
Trading assets 2,954 5,211 (8,223) 934
Securities purchased under resale agreements and securities borrowed (38,571) (2,684) (54,729) 7,604
Loans (5,998) (1,239) (10,498) 1,633
Deposits 14,390 (2,863) 47,242 5,187
Obligations related to securities sold short 4,990 2,147 345 1,420
Obligations related to securities sold under repurchase agreements and securities lent 34,756 1,520 54,775 (12,208)
Net derivative financial instruments (1,525) 4,962 (631) 9,529
Other, net 2,213 (8,165) (5,835) (13,513)
Interest and dividends received 12,960 14,374 26,537 29,829
Interest paid (7,422) (9,074) (15,838) (19,585)
Income tax paid (974) (675) (1,881) (1,919)
Net cash from/(used in) operating activities 17,076 2,479 29,951 7,213
Cash flows from investing activities        
Interest-bearing deposits with financial institutions (5,507) 5,548 (16,892) 1,483
Purchase of investment securities (30,786) (25,564) (45,696) (42,679)
Proceeds from sale and maturity of investment securities 22,364 20,833 39,606 40,900
Acquisition/divestiture of subsidiaries, associated corporations or business units, net of cash acquired   211 (1,239) (2,637)
Property and equipment, net of disposals (125) (120) (356) (128)
Other, net 2 (56) 59 (199)
Net cash from/(used in) investing activities (14,052) 852 (24,518) (3,260)
Cash flows from financing activities        
Redemption of subordinated debentures     (1,786)  
Proceeds from preferred shares and other equity instruments issued       1,453
Proceeds from common shares issued 29 2 140 84
Common shares purchased for cancellation (642)   (1,127)  
Cash dividends and distributions paid (1,479) (1,456) (2,969) (2,898)
Distributions to non-controlling interests (26) (31) (52) (47)
Payment of lease liabilities (78) (73) (148) (149)
Other, net (400) (550) (520) (957)
Net cash from/(used in) financing activities (2,596) (2,108) (6,462) (2,514)
Effect of exchange rate changes on cash and cash equivalents (57) (312) (124) (37)
Net change in cash and cash equivalents 371 911 (1,153) 1,402
Cash and cash equivalents at beginning of period [2] 8,732 9,897 10,256 9,406
Cash and cash equivalents at end of period [2] $ 9,103 $ 10,808 $ 9,103 $ 10,808
[1] Interest income is reported net of interest expense as management relies primarily on net interest income as a performance measure.
[2] Represents cash and non-interest-bearing deposits with financial institutions (refer to Note 5).