Our objective is to maintain a strong capital position in a cost-effective structure that is appropriate given our target regulatory capital ratios and our internal assessment of required economic capital; underpins our operating segments’ business strategies and considers the market environment; supports depositor, investor and regulator confidence, while building long-term shareholder value; and is consistent with our target credit ratings.

As at July 31, 2026, we met OSFI’s target capital ratio requirements, which include a 2.5% Capital Conservation Buffer, a 1.0% Common Equity Surcharge for Domestic Systemically Important Banks (D-SIBs), a Countercyclical Buffer and a 3.0% Domestic Stability Buffer (DSB) applicable to D-SIBs. On June 19, 2026, OSFI announced the reduction in the DSB level from 3.5% to 3.0%, effective immediately. In addition, OSFI lowered the DSB range from 0% to 4% to 0% to 3%. Our capital position as at July 31, 2026 is further detailed in the Capital Management section of our interim Management’s Discussion and Analysis.


(Canadian $ in millions, except as noted)	July 31, 2026			October 31, 2025
CET1 Capital	$	59,273		$	58,286
Tier 1 Capital	66,864			65,890
Total Capital	75,467			75,562
TLAC	132,620			129,957
Risk-Weighted Assets	454,757			437,945
Leverage Exposures	1,586,178			1,521,813
CET1 Ratio	13.0		%	13.3		%
Tier 1 Capital Ratio	14.7		%	15.0		%
Total Capital Ratio	16.6		%	17.3		%
TLAC Ratio	29.2		%	29.7		%
Leverage Ratio	4.2		%	4.3		%
TLAC Leverage Ratio	8.4		%	8.5		%

(1)Calculated in accordance with OSFI’s Capital Adequacy Requirements Guideline, Leverage Requirements Guideline and Total Loss Absorbing Capacity (TLAC) Guideline.