Loans, Impaired Loans, and Allowance for Credit Losses (Tables) |
6 Months Ended |
|---|---|
Apr. 30, 2026 | |
| Disclosure of Financial Instruments [Abstract] | |
| Summary of Banks Loans | The following table provides details regarding Loans (millions of Canadian dollars) As at April 30, 2026 October 31, 2025 Residential mortgages $ 299,994 $ 315,063 Consumer instalment and other personal 274,675 259,033 Credit card 40,802 41,662 Business and government 357,237 345,943 972,708 961,701 Loans at FVOCI 1 393 288 Total loans 973,101 961,989 Total allowance for loan losses 8,419 8,689 Total loans, net of allowance $ 964,682 $ 953,300 Included in Financial assets at fair value through other comprehensive income on the Interim Consolidated Balance |
| Summary of Credit Quality | Business and government loans and loans Loans – Business and Government (millions of Canadian dollars) As at April 30, 2026 October 31, 2025 Loans at amortized cost $ 357,237 $ 345,943 Loans at FVOCI 1 393 288 Loans 357,630 346,231 Allowance for loan losses 3,577 3,847 Loans, net of allowance $ 354,053 $ 342,384 Included in Financial assets at fair value through other comprehensive income on the Interim Consolidated Balance |
| 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 rating for credit risk management purposes, Loans by Risk Rating (millions of Canadian dollars) As at April 30, 2026 October 31, 2025 Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Residential mortgages 1,2,3 Low Risk $ 203,804 $ 893 $ n/a $ 204,697 $ 221,168 $ 765 $ n/a $ 221,933 Normal Risk 69,586 9,952 n/a 79,538 70,217 8,391 n/a 78,608 Medium Risk 527 10,047 n/a 10,574 351 9,490 n/a 9,841 High Risk 374 3,786 344 4,504 3 3,700 391 4,094 Default n/a n/a 681 681 n/a n/a 587 587 Total loans 274,291 24,678 1,025 299,994 291,739 22,346 978 315,063 Allowance for loan losses 101 223 96 420 102 175 80 357 Loans, net of allowance 274,190 24,455 929 299,574 291,637 22,171 898 314,706 Consumer instalment and other personal 4 Low Risk 119,366 2,558 n/a 121,924 110,513 2,588 n/a 113,101 Normal Risk 84,273 16,071 n/a 100,344 75,881 19,812 n/a 95,693 Medium Risk 30,455 7,199 n/a 37,654 29,757 6,792 n/a 36,549 High Risk 6,045 7,571 475 14,091 5,407 7,209 448 13,064 Default n/a n/a 662 662 n/a n/a 626 626 Total loans 240,139 33,399 1,137 274,675 221,558 36,401 1,074 259,033 Allowance for loan losses 697 1,171 275 2,143 699 1,220 274 2,193 Loans, net of allowance 239,442 32,228 862 272,532 220,859 35,181 800 256,840 Credit card Low Risk 6,372 4 n/a 6,376 8,011 4 n/a 8,015 Normal Risk 12,024 108 n/a 12,132 12,222 119 n/a 12,341 Medium Risk 13,264 899 n/a 14,163 12,780 902 n/a 13,682 High Risk 2,913 4,665 388 7,966 2,727 4,329 419 7,475 Default n/a n/a 165 165 n/a n/a 149 149 Total loans 34,573 5,676 553 40,802 35,740 5,354 568 41,662 Allowance for loan losses 738 1,093 448 2,279 743 1,089 460 2,292 Loans, net of allowance 33,835 4,583 105 38,523 34,997 4,265 108 39,370 Business and government 1,2,3,5 Investment grade or Low/Normal Risk 147,440 164 n/a 147,604 139,518 152 n/a 139,670 Non-investment grade or Medium Risk 180,474 12,222 n/a 192,696 173,836 13,289 n/a 187,125 Watch and classified or High Risk 670 14,094 112 14,876 538 16,098 77 16,713 Default n/a n/a 2,454 2,454 n/a n/a 2,723 2,723 Total loans 328,584 26,480 2,566 357,630 313,892 29,539 2,800 346,231 Allowance for loan losses 1,200 1,666 711 3,577 1,195 1,878 774 3,847 Loans, net of allowance 327,384 24,814 1,855 354,053 312,697 27,661 2,026 342,384 Total loans 877,587 90,233 5,281 973,101 862,929 93,640 5,420 961,989 Total allowance for loan losses 2,736 4,153 1,530 8,419 2,739 4,362 1,588 8,689 Total loans, net of allowance $ 874,851 $ 86,080 $ 3,751 $ 964,682 $ 860,190 $ 89,278 $ 3,832 $ 953,300 Includes impaired loans with a balance of $ 230 273 exceeded the loan amount. Excludes trading loans and non-trading loans at fair value through profit or loss (FVTPL) with a fair value of $ 31 30 0.8 – $ 0.3 Includes insured mortgages of $ 67 69 4 5 5 Includes loans guaranteed by government agencies of $ 24 24 the borrowers’ credit risk. Loans by Risk Rating (Continued) 1 (millions of Canadian dollars) As at April 30, 2026 October 31, 2025 Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Retail Exposures 2 Low Risk $ 305,100 $ 1,331 $ n/a $ 306,431 $ 318,759 $ 1,464 $ n/a $ 320,223 Normal Risk 71,565 1,227 n/a 72,792 62,564 1,147 n/a 63,711 Medium Risk 17,272 1,155 n/a 18,427 16,381 1,295 n/a 17,676 High Risk 1,422 1,203 – 2,625 1,282 1,092 – 2,374 Default n/a n/a – – n/a n/a – – Non-Retail Exposures 3 Investment grade 326,904 – n/a 326,904 319,274 – n/a 319,274 Non-investment grade 104,133 5,558 n/a 109,691 103,936 5,710 n/a 109,646 Watch and classified 756 4,198 – 4,954 150 4,905 – 5,055 Default n/a n/a 274 274 n/a n/a 343 343 Total off-balance sheet credit instruments 827,152 14,672 274 842,098 822,346 15,613 343 838,302 Allowance for off-balance sheet credit instruments 472 553 5 1,030 470 566 16 1,052 Total off-balance sheet credit instruments, net of allowance $ 826,680 $ 14,119 $ 269 $ 841,068 $ 821,876 $ 15,047 $ 327 $ 837,250 Excludes mortgage commitments. 2 397 401 3 68 67 |
| 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, 2026 April 30, 2025 Residential mortgages $ 383 $ 38 $ (1) $ – $ 420 $ 368 $ (14) $ – $ (6) $ 348 Consumer instalment and other personal 2,207 327 (318) (1) 2,215 2,189 380 (307) (41) 2,221 Credit card 2,796 396 (411) 2 2,783 2,797 451 (435) (97) 2,716 Business and government 4,211 239 (394) (25) 4,031 4,240 523 (360) (104) 4,299 Total allowance for loan losses, including off-balance sheet instruments 9,597 1,000 (1,124) (24) 9,449 9,594 1,340 (1,102) (248) 9,584 Debt securities at amortized cost 2 – – – 2 3 – – – 3 Debt securities at FVOCI 2 1 – – 3 1 1 – – 2 Total allowance for credit losses on debt securities 4 1 – – 5 4 1 – – 5 Total allowance for credit losses $ 9,601 $ 1,001 $ (1,124) $ (24) $ 9,454 $ 9,598 $ 1,341 $ (1,102) $ (248) $ 9,589 Comprising: Allowance for credit losses on loans at amortized cost $ 8,566 $ 8,419 $ 8,654 $ 8,613 Allowance for credit losses on loans at FVOCI 1 – 1 – Allowance for loan losses 8,567 8,419 8,655 8,613 Allowance for off-balance sheet instruments 1,030 1,030 939 971 Allowance for credit losses on debt securities 4 5 4 5 For the six months ended April 30, 2026 April 30, 2025 Residential mortgages $ 357 $ 69 $ (4) $ (2) $ 420 $ 365 $ (15) $ (1) $ (1) $ 348 Consumer instalment and other personal 2,273 628 (661) (25) 2,215 2,133 736 (641) (7) 2,221 Credit card 2,790 879 (831) (55) 2,783 2,699 901 (871) (13) 2,716 Business and government 4,321 463 (630) (123) 4,031 3,940 930 (546) (25) 4,299 Total allowance for loan losses, including off-balance sheet instruments 9,741 2,039 (2,126) (205) 9,449 9,137 2,552 (2,059) (46) 9,584 Debt securities at amortized cost 2 – – – 2 3 – – – 3 Debt securities at FVOCI 2 1 – – 3 1 1 – – 2 Total allowance for credit losses on debt securities 4 1 – – 5 4 1 – – 5 Total allowance for credit losses $ 9,745 $ 2,040 $ (2,126) $ (205) $ 9,454 $ 9,141 $ 2,553 $ (2,059) $ (46) $ 9,589 Comprising: Allowance for credit losses on loans at amortized cost $ 8,689 $ 8,419 $ 8,094 $ 8,613 Allowance for credit losses on loans at FVOCI – – – – Allowance for loan losses 8,689 8,419 8,094 8,613 Allowance for off-balance sheet instruments 1,052 1,030 1,043 971 Allowance for credit losses on debt securities 4 5 4 5 |
| 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, 2026 April 30, 2025 Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Residential Mortgages Balance at beginning of period $ 103 $ 194 $ 86 $ 383 $ 114 $ 181 $ 73 $ 368 Provision for credit losses Transfer to Stage 1 1 23 (21) (2) – 22 (20) (2) – Transfer to Stage 2 (13) 21 (8) – (7) 17 (10) – Transfer to Stage 3 – (10) 10 – – (8) 8 – Net remeasurement due to transfers into stage 2 (5) 4 – (1) (5) 4 – (1) New originations or purchases 3 5 n/a n/a 5 5 n/a n/a 5 Net repayments 4 (1) (1) – (2) (1) (1) – (2) Derecognition of financial assets (excluding disposals and write-offs) 5 (1) (5) (9) (15) (5) (6) (7) (18) Changes to risk, parameters, and models 6 (10) 41 20 51 (15) 8 9 2 Disposals – – – – – – – – Write-offs – – (3) (3) – – (1) (1) Recoveries – – 2 2 – – 1 1 Foreign exchange and other adjustments – – – – (2) (1) (3) (6) Balance at end of period $ 101 $ 223 $ 96 $ 420 $ 106 $ 174 $ 68 $ 348 Consumer Instalment and Other Personal Balance, including off-balance sheet instruments, at beginning of period $ 721 $ 1,211 $ 275 $ 2,207 $ 683 $ 1,224 $ 282 $ 2,189 Provision for credit losses Transfer to Stage 1 1 186 (184) (2) – 139 (137) (2) – Transfer to Stage 2 (65) 87 (22) – (60) 85 (25) – Transfer to Stage 3 (3) (79) 82 – (2) (76) 78 – Net remeasurement due to transfers into stage 2 (82) 72 3 (7) (61) 72 2 13 New originations or purchases 3 81 n/a n/a 81 76 n/a n/a 76 Net repayments 4 (23) (28) (4) (55) (20) (29) (4) (53) Derecognition of financial assets (excluding disposals and write-offs) 5 (23) (26) (11) (60) (21) (27) (10) (58) Changes to risk, parameters, and models 6 (72) 168 272 368 (46) 179 269 402 Disposals – – – – – – – – Write-offs – – (401) (401) – – (399) (399) Recoveries – – 83 83 – – 92 92 Foreign exchange and other adjustments – (1) – (1) (15) (21) (5) (41) Balance, including off-balance sheet instruments, at end of period 720 1,220 275 2,215 673 1,270 278 2,221 Less: Allowance for off-balance sheet instruments 7 23 49 – 72 24 52 – 76 Balance at end of period $ 697 $ 1,171 $ 275 $ 2,143 $ 649 $ 1,218 $ 278 $ 2,145 Credit Card 8 Balance, including off-balance sheet instruments, at beginning of period $ 950 $ 1,395 $ 451 $ 2,796 $ 927 $ 1,372 $ 498 $ 2,797 Provision for credit losses Transfer to Stage 1 1 252 (243) (9) – 235 (224) (11) – Transfer to Stage 2 (92) 116 (24) – (82) 105 (23) – Transfer to Stage 3 (7) (271) 278 – (6) (286) 292 – Net remeasurement due to transfers into stage 2 (101) 128 7 34 (78) 113 6 41 New originations or purchases 3 48 n/a n/a 48 38 n/a n/a 38 Net repayments 4 (10) (3) 17 4 (12) (1) 20 7 Derecognition of financial assets (excluding disposals and write-offs) 5 (12) (27) (106) (145) (9) (21) (104) (134) Changes to risk, parameters, and models 6 (87) 298 244 455 (28) 302 225 499 Disposals – – – – – – – – Write-offs – – (529) (529) – – (532) (532) Recoveries – – 118 118 – – 97 97 Foreign exchange and other adjustments – 1 1 2 (32) (46) (19) (97) Balance, including off-balance sheet instruments, at end of period 941 1,394 448 2,783 953 1,314 449 2,716 Less: Allowance for off-balance sheet instruments 7 203 301 – 504 210 289 – 499 Balance at end of period $ 738 $ 1,093 $ 448 $ 2,279 $ 743 $ 1,025 $ 449 $ 2,217 Transfers represent stage transfer movements prior to ECL remeasurement. 2 described in the “Significant Increase in Credit Risk” section of Note 2 and Note 3 of the Bank’s 2025 change in ECLs constant. 3 4 5 6 subsequent to stage migration. Refer to the “Measurement of Expected Credit Losses”, “Forward-Looking Information Bank’s 2025 Annual Consolidated Financial Statements for further details. 7 8 Consolidated Financial Statements for further details. Allowance for Loan Losses by Stage (Continued) (millions of Canadian dollars) For the three months ended April 30, 2026 April 30, 2025 Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Business and Government Balance, including off-balance sheet instruments, at beginning of period $ 1,418 $ 1,905 $ 888 $ 4,211 $ 1,272 $ 1,997 $ 971 $ 4,240 Provision for credit losses Transfer to Stage 1 1 81 (81) – – 66 (63) (3) – Transfer to Stage 2 (145) 148 (3) – (161) 176 (15) – Transfer to Stage 3 (2) (62) 64 – (1) (72) 73 – Net remeasurement due to transfers into stage 1 (28) 34 2 8 (18) 45 – 27 New originations or purchases 1 376 n/a n/a 376 314 n/a n/a 314 Net repayments 1 – (46) (42) (88) (2) (5) (76) (83) Derecognition of financial assets (excluding disposals and write-offs) 1 (205) (194) (186) (585) (160) (199) (46) (405) Changes to risk, parameters, and models 1 (43) 169 402 528 57 311 302 670 Disposals – – (5) (5) – – – – Write-offs – – (407) (407) – – (383) (383) Recoveries – – 13 13 – – 23 23 Foreign exchange and other adjustments (6) (4) (10) (20) (39) (56) (9) (104) Balance, including off-balance sheet instruments, at end of period 1,446 1,869 716 4,031 1,328 2,134 837 4,299 Less: Allowance for off-balance sheet instruments 2 246 203 5 454 181 211 4 396 Balance at end of period 1,200 1,666 711 3,577 1,147 1,923 833 3,903 Total Allowance, including instruments, at end of period 3,208 4,706 1,535 9,449 3,060 4,892 1,632 9,584 Less: Total Allowance for instruments 2 472 553 5 1,030 415 552 4 971 Total Allowance for Loan Losses $ 2,736 $ 4,153 $ 1,530 $ 8,419 $ 2,645 $ 4,340 $ 1,628 $ 8,613 For explanations regarding this line item, refer to the “Allowance for Loan Losses by Stage” table on the previous 2 The following table provides details on Allowance for Loan Losses by Stage (millions of Canadian dollars) For the six months ended April 30, 2026 April 30, 2025 Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Residential Mortgages Balance at beginning of period $ 102 $ 175 $ 80 $ 357 $ 116 $ 189 $ 60 $ 365 Provision for credit losses Transfer to Stage 1 1 47 (44) (3) – 57 (54) (3) – Transfer to Stage 2 (21) 36 (15) – (13) 28 (15) – Transfer to Stage 3 – (20) 20 – – (19) 19 – Net remeasurement due to transfers into stage 2 (11) 9 – (2) (12) 8 – (4) New originations or purchases 3 11 n/a n/a 11 12 n/a n/a 12 Net repayments 4 (2) (2) – (4) (2) (2) – (4) Derecognition of financial assets (excluding disposals and write-offs) 5 (2) (10) (18) (30) (9) (10) (13) (32) Changes to risk, parameters, and models 6 (22) 79 37 94 (43) 34 22 13 Disposals – – – – – – – – Write-offs – – (7) (7) – – (2) (2) Recoveries – – 3 3 – – 1 1 Foreign exchange and other adjustments (1) – (1) (2) – – (1) (1) Balance at end of period $ 101 $ 223 $ 96 $ 420 $ 106 $ 174 $ 68 $ 348 Consumer Instalment and Other Personal Balance, including off-balance sheet instruments, at beginning of period $ 724 $ 1,275 $ 274 $ 2,273 $ 696 $ 1,175 $ 262 $ 2,133 Provision for credit losses Transfer to Stage 1 1 388 (385) (3) – 324 (321) (3) – Transfer to Stage 2 (125) 167 (42) – (124) 172 (48) – Transfer to Stage 3 (6) (157) 163 – (5) (149) 154 – Net remeasurement due to transfers into stage 2 (166) 142 6 (18) (143) 148 4 9 New originations or purchases 3 173 n/a n/a 173 160 n/a n/a 160 Net repayments 4 (46) (54) (9) (109) (42) (54) (8) (104) Derecognition of financial assets (excluding disposals and write-offs) 5 (45) (55) (24) (124) (42) (57) (20) (119) Changes to risk, parameters, and models 6 (168) 300 574 706 (148) 360 578 790 Disposals – – – – – – – – Write-offs – – (822) (822) – – (811) (811) Recoveries – – 161 161 – – 170 170 Foreign exchange and other adjustments (9) (13) (3) (25) (3) (4) – (7) Balance, including off-balance sheet instruments, at end of period 720 1,220 275 2,215 673 1,270 278 2,221 Less: Allowance for off-balance sheet instruments 7 23 49 – 72 24 52 – 76 Balance at end of period $ 697 $ 1,171 $ 275 $ 2,143 $ 649 $ 1,218 $ 278 $ 2,145 Credit Card 8 Balance, including off-balance sheet instruments, at beginning of period $ 944 $ 1,386 $ 460 $ 2,790 $ 947 $ 1,374 $ 378 $ 2,699 Provision for credit losses Transfer to Stage 1 1 533 (514) (19) – 720 (698) (22) – Transfer to Stage 2 (183) 232 (49) – (168) 212 (44) – Transfer to Stage 3 (16) (544) 560 – (11) (528) 539 – Net remeasurement due to transfers into stage 2 (210) 250 16 56 (300) 225 13 (62) New originations or purchases 3 96 n/a n/a 96 74 n/a n/a 74 Net repayments 4 5 – 34 39 6 3 38 47 Derecognition of financial assets (excluding disposals and write-offs) 5 (23) (56) (223) (302) (36) (43) (179) (258) Changes to risk, parameters, and models 6 (185) 663 512 990 (275) 775 600 1,100 Disposals – – – – – – – – Write-offs – – (1,058) (1,058) – – (1,061) (1,061) Recoveries – – 227 227 – – 190 190 Foreign exchange and other adjustments (20) (23) (12) (55) (4) (6) (3) (13) Balance, including off-balance sheet instruments, at end of period 941 1,394 448 2,783 953 1,314 449 2,716 Less: Allowance for off-balance sheet instruments 7 203 301 – 504 210 289 – 499 Balance at end of period $ 738 $ 1,093 $ 448 $ 2,279 $ 743 $ 1,025 $ 449 $ 2,217 Transfers represent stage transfer movements prior to ECL remeasurement. 2 described in the “Significant Increase in Credit Risk” section of Note 2 and Note 3 of the Bank’s 2025 change in ECLs constant. 3 4 5 6 subsequent to stage migration. Refer to the “Measurement of Expected Credit Losses”, “Forward-Looking Information Bank’s 2025 Annual Consolidated Financial Statements for further details. 7 8 Consolidated Financial Statements for further details. Allowance for Loan Losses by Stage (Continued) (millions of Canadian dollars) For the six months ended April 30, 2026 April 30, 2025 Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Business and Government Balance, including off-balance sheet instruments, at beginning of period $ 1,439 $ 2,092 $ 790 $ 4,321 $ 1,150 $ 1,937 $ 853 $ 3,940 Provision for credit losses Transfer to Stage 1 1 174 (174) – – 154 (151) (3) – Transfer to Stage 2 (283) 290 (7) – (314) 334 (20) – Transfer to Stage 3 (4) (213) 217 – (4) (224) 228 – Net remeasurement due to transfers into stage 1 (59) 79 1 21 (46) 103 1 58 New originations or purchases 1 795 n/a n/a 795 614 n/a n/a 614 Net repayments 1 7 (77) (144) (214) 15 (24) (86) (95) Derecognition of financial assets (excluding disposals and write-offs) 1 (472) (449) (288) (1,209) (329) (395) (122) (846) Changes to risk, parameters, and models 1 (135) 364 841 1,070 86 561 552 1,199 Disposals – – (27) (27) – – (9) (9) Write-offs – – (663) (663) – – (585) (585) Recoveries – – 33 33 – – 39 39 Foreign exchange and other adjustments (16) (43) (37) (96) 2 (7) (11) (16) Balance, including off-balance sheet instruments, at end of period 1,446 1,869 716 4,031 1,328 2,134 837 4,299 Less: Allowance for off-balance sheet instruments 2 246 203 5 454 181 211 4 396 Balance at end of period 1,200 1,666 711 3,577 1,147 1,923 833 3,903 Total Allowance, including instruments, at end of period 3,208 4,706 1,535 9,449 3,060 4,892 1,632 9,584 Less: Total Allowance for instruments 2 472 553 5 1,030 415 552 4 971 Total Allowance for Loan Losses $ 2,736 $ 4,153 $ 1,530 $ 8,419 $ 2,645 $ 4,340 $ 1,628 $ 8,613 For explanations regarding this line item, refer to the “Allowance for Loan Losses by Stage” table on the previous 2 |
| Summary of Macroeconomic Variables impacted in Determining ECLs | The following table sets out average values calendar quarters starting with the current determining the Bank’s ECLs as at April 30, 2026. are anchored on assumptions around structural Middle East and resulting energy shock poses baseline forecast reflects some tempering prolonged Middle East conflict that results in Canadian and U.S. downside scenarios reflect Macroeconomic Variables As at April 30, 2026 Base Forecast Upside Scenario Downside Scenario Average Remaining Average Remaining Average Remaining Q2 2026- 4-year Q2 2026- 4-year Q2 2026- 4-year Q1 2027 1 period 1 Q1 2027 1 period 1 Q1 2027 1 period 1 Unemployment rate Canada 6.6 % 6.0 % 6.1 % 5.6 % 7.6 % 7.2 % United States 4.3 4.0 4.1 3.8 5.5 5.4 Real GDP Canada 1.3 1.8 1.7 1.9 (0.7) 2.1 United States 2.3 2.0 2.6 2.4 (0.2) 2.5 Home prices Canada (average existing price) 2 – 3.7 2.4 4.3 (6.3) 3.0 United States (CoreLogic HPI) 3 2.8 3.5 3.2 4.1 (6.1) 4.4 Central bank policy interest rate Canada 2.25 2.25 2.50 2.50 1.13 1.42 United States 3.44 3.25 3.75 3.75 2.06 2.30 U.S. 10-year treasury yield 4.16 4.10 4.47 4.57 3.67 3.68 U.S. 10-year BBB spread (%-pts) 1.38 1.60 1.18 1.52 2.21 1.90 Exchange rate (U.S. dollar/Canadian dollar) $ 0.74 $ 0.75 $ 0.75 $ 0.76 $ 0.69 $ 0.71 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, 2026 October 31, 2025 Probability-weighted ECLs $ 7,914 $ 8,137 Base ECLs 7,375 7,737 Difference – in amount $ 539 $ 400 Difference – in percentage 7.3 % 5.2 % |
| Schedule of Incremental Lifetime ECL Impact | The following table shows the estimated impact ECLs compared to the current aggregate probability-weighted Incremental Lifetime ECLs Impact (millions of Canadian dollars) As at April 30, 2026 October 31, 2025 Probability-weighted ECLs $ 7,914 $ 8,137 All performing loans and off-balance sheet instruments 6,232 6,435 Incremental lifetime ECLs impact $ 1,682 $ 1,702 |
| Summary of Loans Past Due but Not Impaired | The following table summarizes loans that are due but not impaired. obligations. Loans Past Due but not Impaired 1 (millions of Canadian dollars) As at April 30, 2026 October 31, 2025 31-60 61-89 31-60 61-89 days days Total days days Total Residential mortgages $ 408 $ 178 $ 586 $ 407 $ 129 $ 536 Consumer instalment and other personal 855 295 1,150 930 301 1,231 Credit card 349 244 593 373 253 626 Business and government 186 134 320 247 85 332 Total $ 1,798 $ 851 $ 2,649 $ 1,957 $ 768 $ 2,725 Includes loans that are measured at FVOCI. |