The following table presents the carrying amounts of the Bank’s investment securities per measurement category.

 

		As at
($ millions)		July 31 2026				April 30 2026				October 31 2025
Debt investment securities measured at FVOCI		$	128,066			$	125,491			$	123,732
Debt investment securities measured at amortized cost			22,221				21,988				23,722
Equity investment securities designated at FVOCI			402				313				398
Equity investment securities measured at FVTPL			1,969				2,012				2,073
Debt investment securities measured at FVTPL			23				2				23
Total investment securities		$	152,681			$	149,806			$	149,948

(a) Debt investment securities measured at fair value through other comprehensive income (FVOCI)

 

As at July 31, 2026 ($ millions)		Cost				Gross unrealized gains				Gross unrealized losses				Fair value
Canadian federal government issued or guaranteed debt		$	24,893			$	90			$	192			$	24,791
Canadian provincial and municipal debt			24,258				93				256				24,095
U.S. treasury and other U.S. agency debt			48,608				73				805				47,876
Other foreign government debt			28,336				230				299				28,267
Other debt			3,059				10				32				3,037
Total		$	129,154			$	496			$	1,584			$	128,066
As at April 30, 2026 ($ millions)		Cost				Gross unrealized gains				Gross unrealized losses				Fair value
Canadian federal government issued or guaranteed debt		$	23,492			$	107			$	156			$	23,443
Canadian provincial and municipal debt			24,000				144				151				23,993
U.S. treasury and other U.S. agency debt			47,400				242				552				47,090
Other foreign government debt			27,698				230				215				27,713
Other debt			3,261				15				24				3,252
Total		$	125,851			$	738			$	1,098			$	125,491
As at October 31, 2025 ($ millions)		Cost				Gross unrealized gains				Gross unrealized losses				Fair value
Canadian federal government issued or guaranteed debt		$	22,815			$	359			$	64			$	23,110
Canadian provincial and municipal debt			20,490				430				77				20,843
U.S. treasury and other U.S. agency debt			49,111				483				558				49,036
Other foreign government debt			27,570				358				202				27,726
Other debt			3,007				31				21				3,017
Total		$	122,993			$	1,661			$	922			$	123,732

(b) Debt investment securities measured at amortized cost

 

		As at
		July 31, 2026								April 30, 2026								October 31, 2025
($ millions)		Fair value				Carrying value (1)				Fair value				Carrying value (1)				Fair value				Carrying value (1)
Canadian federal and provincial government issued or guaranteed debt		$	5,792			$	5,759			$	5,733			$	5,698			$	5,553			$	5,467
U.S. treasury and other U.S. agency debt			13,471				14,190				13,596				14,114				15,178				15,758
Other foreign government debt			1,967				1,968				1,907				1,906				2,285				2,281
Corporate debt			307				304				274				270				223				216
Total		$	21,537			$	22,221			$	21,510			$	21,988			$	23,239			$	23,722

 

 

(c) Equity investment securities designated at fair value through other comprehensive income (FVOCI)

As at July 31, 2026 ($ millions)		Cost				Gross unrealized gains				Gross unrealized losses				Fair value
Common shares		$	233			$	170			$	1			$	402
Total		$	233			$	170			$	1			$	402
As at April 30, 2026 ($ millions)		Cost				Gross unrealized gains				Gross unrealized losses				Fair value
Common shares		$	154			$	160			$	1			$	313
Total		$	154			$	160			$	1			$	313
As at October 31, 2025 ($ millions)		Cost				Gross unrealized gains				Gross unrealized losses				Fair value
Common shares		$	178			$	221			$	1			$	398
Total		$	178			$	221			$	1			$	398

Dividend income earned on equity securities designated at FVOCI of $1 million for the three months ended July 31, 2026 (April 30, 2026 – $8 million; July 31, 2025 – $1 million) and for the nine months ended July 31, 2026 – $9 million (July 31, 2025 – $46 million) has been recognized in interest income.

During the three months ended July 31, 2026, the Bank has disposed of certain equity securities designated at FVOCI with a fair value of $6 million (April 30, 2026 – $87 million; July 31, 2025 – $25 million) and for the nine months ended July 31, 2026 – $93 million (July 31, 2025 – $1,839 million) for economic reasons and according to its investment strategy. This has resulted in a realized gain of $0.1 million in the three months ended July 31, $87 million; July 31, $27 million) and for the nine months ended July 31, 2026 – realized gain of $87 million (July 31, $512 million).