Fair Value Measurements (Tables) |
9 Months Ended |
|---|---|
Jul. 31, 2026 | |
| Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |
| Schedule of Financial Assets and Liabilities not Carried at Fair Value | The following table reflects the fair value Financial Assets and Liabilities not carried 1 (millions of Canadian dollars) As at July 31, 2026 October 31, 2025 Carrying Fair Carrying Fair value value value value FINANCIAL ASSETS Debt securities at amortized cost, net of allowance Government and government-related $ 169,806 $ 168,522 $ 183,593 $ 182,478 Other debt securities 67,049 66,668 56,846 56,679 Total debt securities at amortized cost, net of allowance for credit losses 236,855 235,190 240,439 239,157 Total loans, net of allowance for loan losses 991,036 992,309 953,012 956,424 Total financial assets not carried at fair value $ 1,227,891 $ 1,227,499 $ 1,193,451 $ 1,195,581 FINANCIAL LIABILITIES Deposits $ 1,260,724 $ 1,259,446 $ 1,267,104 $ 1,267,466 Securitization liabilities at amortized 16,990 16,978 14,841 14,805 Subordinated notes and debentures 10,523 10,536 10,733 10,929 Total financial liabilities not carried at fair value $ 1,288,237 $ 1,286,960 $ 1,292,678 $ 1,293,200 This table excludes financial assets and liabilities where the carrying value approximates their fair value. |
| Schedule of Transfers Between Fair Value Hierarchy Levels | Transfers Between Fair Value Hierarchy Levels (millions of Canadian dollars) For the three months ended July 31, 2026 July 31, 2025 Level 1 to Level 2 Level 2 to Level 1 Level 1 to Level 2 Level 2 to Level 1 Trading loans, securities, and other $ 1,613 $ 1,569 $ 4,599 $ 850 Financial assets at fair value through other income 2 – 111 149 Obligations related to securities sold 2,010 1,097 3,543 556 For the nine months ended July 31, 2026 July 31, 2025 Level 1 to Level 2 Level 2 to Level 1 Level 1 to Level 2 Level 2 to Level 1 Trading loans, securities, and other $ 2,071 $ 430 $ 139 $ 666 Financial assets at fair value through other income 996 514 156 1,653 Obligations related to securities sold 2,305 874 – 717 |
| Schedule of Reconciliation of Changes in Fair Value for Level 3 Assets and Liabilities | The following tables set out changes in fair nine months ended July 31, 2026 and July Reconciliation of Changes in Fair Value for Level 3 Assets and Liabilities (millions of Canadian dollars) Change in unrealized Fair Total realized and Fair gains value as at unrealized gains (losses) Movements 1 Transfers value as at (losses) on May 1 Included Included Purchases/ Sales/ Into Out of July 31 instruments 2026 in income 2 in OCI 3,4 Issuances Settlements Level 3 Level 3 2026 still held 5 FINANCIAL ASSETS Trading loans, securities, and other Other debt securities $ 48 $ – $ – $ – $ 4 $ 6 $ – $ 58 $ – Equity securities 25 1 – 19 (19) – – 26 – Trading loans 426 (43) – – – – – 383 – 499 (42) – 19 (15) 6 – 467 – Non-trading financial assets at fair value through profit or loss Securities 1,529 33 – 46 (38) – (2) 1,568 3 Loans 1 – – – – – – 1 – 1,530 33 – 46 (38) – (2) 1,569 3 Financial assets at fair value through other comprehensive income Other debt securities – – – – – – – – – Equity securities 2,143 9 14 425 (9) – – 2,582 12 $ 2,143 $ 9 $ 14 $ 425 $ (9) $ – $ – $ 2,582 $ 12 FINANCIAL LIABILITIES Trading deposits 6 $ (158) $ (3) $ – $ (16) $ 33 $ – $ (121) $ (265) $ 12 Derivatives 7 Interest rate contracts (77) 11 – – 2 – – (64) (8) Foreign exchange contracts (1) 1 – – – (3) 1 (2) 2 Equity contracts (107) – – 1 – – 117 11 118 Commodity and other contracts 36 (12) – – (5) – (18) 1 (18) (149) – – 1 (3) (3) 100 (54) 94 Financial liabilities designated at fair value through profit or loss (4) (3) – (4) 8 – – (3) – Change in unrealized Fair Total realized and Fair gains value as at unrealized gains (losses) Movements 1 Transfers value as at (losses) on November 1 Included Included Purchases/ Sales/ Into Out of July 31 instruments 2025 in income 2 in OCI 4 Issuances Settlements Level 3 Level 3 2026 still held 5 FINANCIAL ASSETS Trading loans, securities, and other Other debt securities $ 67 $ (1) $ – $ – $ (18) $ 11 $ (1) $ 58 $ (4) Equity securities 25 1 – 19 (19) – – 26 – Trading loans – (166) – 549 – – – 383 – 92 (166) – 568 (37) 11 (1) 467 (4) Non-trading financial assets at fair value through profit or loss Securities 1,567 70 – 165 (236) 4 (2) 1,568 35 Loans – – – 1 – – – 1 – 1,567 70 – 166 (236) 4 (2) 1,569 35 Financial assets at fair value through other comprehensive income Other debt securities – – – – – – – – – Equity securities 1,911 9 24 735 (97) – – 2,582 20 $ 1,911 $ 9 $ 24 $ 735 $ (97) $ – $ – $ 2,582 $ 20 FINANCIAL LIABILITIES Trading deposits 6 $ (273) $ 36 $ – $ (22) $ 107 $ – $ (113) $ (265) $ 56 Derivatives 7 Interest rate contracts (68) – – – 4 – – (64) (3) Foreign exchange contracts (2) 5 – – – (3) (2) (2) 3 Equity contracts (155) 21 – 1 (5) 1 148 11 144 Commodity and other contracts (55) 52 – 4 (6) 24 (18) 1 45 (280) 78 – 5 (7) 22 128 (54) 189 Financial liabilities designated at fair value through profit or loss (2) (5) – (13) 17 – – (3) (9) Includes foreign exchange. 2 3 4 5 6 7 48 76 11 102 (April 30, 2026/May 1, 2026 – $ 225 291 Reconciliation of Changes in Fair Value for Level 3 Assets and Liabilities (millions of Canadian dollars) Change in unrealized Fair Total realized and Fair gains value as at unrealized gains (losses) Movements 1 Transfers value as at (losses) on May 1 Included Included Purchases/ Sales/ Into Out of July 31 instruments 2025 in income 2 in OCI 3 Issuances Settlements Level 3 Level 3 2025 still held 4 FINANCIAL ASSETS Trading loans, securities, and other Other debt securities $ 6 $ (1) $ – $ – $ (1) $ 5 $ (2) $ 7 $ (1) Equity securities 28 – – – – – – 28 – 34 (1) – – (1) 5 (2) 35 (1) Non-trading financial assets at fair value through profit or loss Securities 1,253 22 – 220 (11) – – 1,484 12 1,253 22 – 220 (11) – – 1,484 12 Financial assets at fair value through other comprehensive income Other debt securities – – – – – – – – – Equity securities 2,808 – 2 2 (659) – – 2,153 2 $ 2,808 $ – $ 2 $ 2 $ (659) $ – $ – $ 2,153 $ 2 FINANCIAL LIABILITIES Trading deposits 5 $ (384) $ 3 $ – $ (45) $ 27 $ – $ 1 $ (398) $ 4 Derivatives 6 Interest rate contracts (81) 15 – – 2 – – (64) (5) Foreign exchange contracts (1) 4 – – (1) (1) 1 2 6 Equity contracts (131) (3) – – (1) – 3 (132) (4) Commodity and other contracts (20) 31 – – 1 – – 12 26 (233) 47 – – 1 (1) 4 (182) 23 Financial liabilities designated at fair value through profit or loss (1) – – (5) 4 – – (2) – Change in unrealized Fair Total realized and Fair gains value as at unrealized gains (losses) Movements 1 Transfers value as at (losses) on November 1 Included Included Purchases/ Sales/ Into Out of July 31 instruments 2024 in income 2 in OCI 3 Issuances Settlements Level 3 Level 3 2025 still held 4 FINANCIAL ASSETS Trading loans, securities, and other Other debt securities $ 26 $ (1) $ – $ 1 $ (23) $ 6 $ (2) $ 7 $ (2) Equity securities 12 1 – 22 (7) – – 28 (1) 38 – – 23 (30) 6 (2) 35 (3) Non-trading financial assets at fair value through profit or loss Securities 1,233 12 – 296 (47) – (10) 1,484 (16) 1,233 12 – 296 (47) – (10) 1,484 (16) Financial assets at fair value through other comprehensive income Other debt securities 7 – – – (7) – – – – Equity securities 3,355 – 5 4 (1,211) – – 2,153 – $ 3,362 $ – $ 5 $ 4 $ (1,218) $ – $ – $ 2,153 $ – FINANCIAL LIABILITIES Trading deposits 5 $ (505) $ 31 $ – $ (169) $ 243 $ – $ 2 $ (398) $ 38 Derivatives 6 Interest rate contracts (158) 83 – – 11 – – (64) 85 Foreign exchange contracts 1 (13) – – 2 8 4 2 2 Equity contracts (24) (106) – – (3) (2) 3 (132) (106) Commodity and other contracts (10) 22 – – – – – 12 20 (191) (14) – – 10 6 7 (182) 1 Financial liabilities designated at fair value through profit or loss (24) 7 – (19) 34 – – (2) 1 Includes foreign exchange. 2 3 4 5 6 49 32 30 231 (April 30, 2025/May 1, 2025 – $ 265 221 |
| At fair value [member] | |
| Disclosure Of Fair Value Measurement Of Assets And Liabilities [Line Items] | |
| Schedule of Fair Value Hierarchy for Assets and Liabilities | The following table presents the levels within July 31, 2026 and October 31, 2025. Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value on a Recurring Basis (millions of Canadian dollars) As at July 31, 2026 October 31, 2025 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total FINANCIAL ASSETS AND COMMODITIES Trading loans, securities, and other 1 Government and government-related securities Canadian government debt Federal $ 4,750 $ 2,957 $ – $ 7,707 $ 4,892 $ 3,875 $ – $ 8,767 Provinces – 5,994 – 5,994 – 4,537 – 4,537 U.S. federal, state, municipal governments, 2,215 21,461 – 23,676 2,973 20,811 – 23,784 Other OECD 2 504 5,388 – 5,892 283 5,818 – 6,101 Mortgage-backed securities – 699 – 699 – 768 – 768 Other debt securities Canadian issuers – 7,279 53 7,332 – 6,695 67 6,762 Other issuers – 17,383 5 17,388 – 16,508 – 16,508 Equity securities 92,128 229 26 92,383 87,713 171 25 87,909 Trading loans – 31,997 383 32,380 – 30,032 – 30,032 Commodities 23,143 1,539 – 24,682 33,446 1,521 – 34,967 Retained interests – – – – – 1 – 1 122,740 94,926 467 218,133 129,307 90,737 92 220,136 Non-trading financial assets at fair value through profit or loss Securities 704 6,023 1,568 8,295 465 5,019 1,567 7,051 Loans – 1,238 1 1,239 – 344 – 344 704 7,261 1,569 9,534 465 5,363 1,567 7,395 Derivatives Interest rate contracts 3 12,084 12 12,099 6 10,990 8 11,004 Foreign exchange contracts 73 42,448 5 42,526 30 53,576 3 53,609 Credit contracts – 99 – 99 – 44 – 44 Equity contracts 115 19,781 11 19,907 162 12,534 – 12,696 Commodity and other contracts 345 5,059 20 5,424 752 4,867 – 5,619 536 79,471 48 80,055 950 82,011 11 82,972 Financial assets designated at fair value through profit or loss Securities 1 – 7,071 – 7,071 – 6,986 – 6,986 – 7,071 – 7,071 – 6,986 – 6,986 Financial assets at fair value through other comprehensive income Government and government-related securities Canadian government debt Federal 99 16,379 – 16,478 100 15,791 – 15,891 Provinces – 24,931 – 24,931 – 21,080 – 21,080 U.S. federal, state, municipal governments, 521 53,749 – 54,270 851 53,641 – 54,492 Other OECD government-guaranteed debt – 9,791 – 9,791 – 7,875 – 7,875 Mortgage-backed securities – 1,646 – 1,646 – 1,896 – 1,896 Other debt securities Asset-backed securities – 8,374 – 8,374 – 8,709 – 8,709 Corporate and other debt – 15,464 – 15,464 – 13,091 – 13,091 Equity securities 1,153 29 2,582 3,764 1,136 – 1,911 3,047 Loans – 374 – 374 – 288 – 288 1,773 130,737 2,582 135,092 2,087 122,371 1,911 126,369 Securities purchased under reverse repurchase agreements – 146,167 – 146,167 – 7,574 – 7,574 FINANCIAL LIABILITIES Trading deposits – 43,221 265 43,486 – 37,609 273 37,882 Derivatives Interest rate contracts 3 11,899 76 11,978 6 9,572 76 9,654 Foreign exchange contracts 68 32,295 7 32,370 24 42,496 5 42,525 Credit contracts – 349 – 349 – 440 – 440 Equity contracts – 25,409 – 25,409 – 19,528 155 19,683 Commodity and other contracts 640 4,543 19 5,202 806 6,193 55 7,054 711 74,495 102 75,308 836 78,229 291 79,356 Securitization liabilities at fair value – 26,491 – 26,491 – 25,283 – 25,283 Financial liabilities designated at fair value through profit or loss – 213,019 3 213,022 – 197,633 2 197,635 Obligations related to securities sold short 1 14,451 27,473 – 41,924 15,342 28,453 – 43,795 Obligations related to securities sold under repurchase agreements – 172,099 – 172,099 – 11,557 – 11,557 Balances reflect the reduction of securities owned (long positions) by the amount of identical securities sold but 2 Organisation for Economic Co-operation and Development (OECD). |