Loans, Impaired Loans, and Allowance for Credit Losses (Tables) |
9 Months Ended |
|---|---|
Jul. 31, 2026 | |
| Disclosure of Financial Instruments [Abstract] | |
| Summary of Banks Loans | The following table provides details regarding Loans (millions of Canadian dollars) As at July 31, 2026 October 31, 2025 Residential mortgages $ 292,598 $ 315,063 Consumer instalment and other personal 291,421 259,033 Credit card 42,104 41,662 Business and government 373,421 345,943 999,544 961,701 Loans at FVOCI 1 374 288 Total loans 999,918 961,989 Total allowance for loan losses 8,508 8,689 Total loans, net of allowance $ 991,410 $ 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 July 31, 2026 October 31, 2025 Loans at amortized cost $ 373,421 $ 345,943 Loans at FVOCI 1 374 288 Loans 373,795 346,231 Allowance for loan losses 3,629 3,847 Loans, net of allowance $ 370,166 $ 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 July 31, 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 $ 200,441 $ 801 $ n/a $ 201,242 $ 221,168 $ 765 $ n/a $ 221,933 Normal Risk 64,615 11,337 n/a 75,952 70,217 8,391 n/a 78,608 Medium Risk 408 9,950 n/a 10,358 351 9,490 n/a 9,841 High Risk 7 3,943 369 4,319 3 3,700 391 4,094 Default n/a n/a 727 727 n/a n/a 587 587 Total loans 265,471 26,031 1,096 292,598 291,739 22,346 978 315,063 Allowance for loan losses 99 226 105 430 102 175 80 357 Loans, net of allowance 265,372 25,805 991 292,168 291,637 22,171 898 314,706 Consumer instalment and other personal 4 Low Risk 134,218 2,614 n/a 136,832 110,513 2,588 n/a 113,101 Normal Risk 90,003 16,529 n/a 106,532 75,881 19,812 n/a 95,693 Medium Risk 26,845 7,522 n/a 34,367 29,757 6,792 n/a 36,549 High Risk 5,111 7,427 498 13,036 5,407 7,209 448 13,064 Default n/a n/a 654 654 n/a n/a 626 626 Total loans 256,177 34,092 1,152 291,421 221,558 36,401 1,074 259,033 Allowance for loan losses 746 1,126 262 2,134 699 1,220 274 2,193 Loans, net of allowance 255,431 32,966 890 289,287 220,859 35,181 800 256,840 Credit card Low Risk 7,249 4 n/a 7,253 8,011 4 n/a 8,015 Normal Risk 12,218 107 n/a 12,325 12,222 119 n/a 12,341 Medium Risk 13,434 920 n/a 14,354 12,780 902 n/a 13,682 High Risk 2,865 4,767 371 8,003 2,727 4,329 419 7,475 Default n/a n/a 169 169 n/a n/a 149 149 Total loans 35,766 5,798 540 42,104 35,740 5,354 568 41,662 Allowance for loan losses 753 1,124 438 2,315 743 1,089 460 2,292 Loans, net of allowance 35,013 4,674 102 39,789 34,997 4,265 108 39,370 Business and government 1,2,3,5 Investment grade or Low/Normal Risk 151,636 237 n/a 151,873 139,518 152 n/a 139,670 Non-investment grade or Medium Risk 192,125 12,213 n/a 204,338 173,836 13,289 n/a 187,125 Watch and classified or High Risk 1,403 13,826 111 15,340 538 16,098 77 16,713 Default n/a n/a 2,244 2,244 n/a n/a 2,723 2,723 Total loans 345,164 26,276 2,355 373,795 313,892 29,539 2,800 346,231 Allowance for loan losses 1,264 1,727 638 3,629 1,195 1,878 774 3,847 Loans, net of allowance 343,900 24,549 1,717 370,166 312,697 27,661 2,026 342,384 Total loans 902,578 92,197 5,143 999,918 862,929 93,640 5,420 961,989 Total allowance for loan losses 2,862 4,203 1,443 8,508 2,739 4,362 1,588 8,689 Total loans, net of allowance $ 899,716 $ 87,994 $ 3,700 $ 991,410 $ 860,190 $ 89,278 $ 3,832 $ 953,300 Includes impaired loans with a balance of $ 199 273 exceeded the loan amount. Excludes trading loans and non-trading loans at FVTPL with a fair value of $ 32 30 1 0.3 Includes insured mortgages of $ 66 69 4 5 5 Includes loans guaranteed by government agencies of $ 25 24 the borrowers’ credit risk. Loans by Risk Rating (Continued) 1 (millions of Canadian dollars) As at July 31, 2026 October 31, 2025 Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Retail Exposures 2 Low Risk $ 313,013 $ 1,333 $ n/a $ 314,346 $ 318,759 $ 1,464 $ n/a $ 320,223 Normal Risk 72,005 1,220 n/a 73,225 62,564 1,147 n/a 63,711 Medium Risk 17,341 1,106 n/a 18,447 16,381 1,295 n/a 17,676 High Risk 1,458 1,103 – 2,561 1,282 1,092 – 2,374 Default n/a n/a – – n/a n/a – – Non-Retail Exposures 3 Investment grade 353,009 – n/a 353,009 319,274 – n/a 319,274 Non-investment grade 108,189 6,109 n/a 114,298 103,936 5,710 n/a 109,646 Watch and classified 1,044 4,520 – 5,564 150 4,905 – 5,055 Default n/a n/a 406 406 n/a n/a 343 343 Total off-balance sheet credit instruments 866,059 15,391 406 881,856 822,346 15,613 343 838,302 Allowance for off-balance sheet credit instruments 471 570 5 1,046 470 566 16 1,052 Total off-balance sheet credit instruments, net of allowance $ 865,588 $ 14,821 $ 401 $ 880,810 $ 821,876 $ 15,047 $ 327 $ 837,250 Excludes mortgage commitments. 2 406 401 3 71 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 July 31, 2026 July 31, 2025 Residential mortgages $ 420 $ 12 $ (4) $ 2 $ 430 $ 348 $ 1 $ (5) $ 1 $ 345 Consumer instalment and other personal 2,215 307 (342) 26 2,206 2,221 280 (293) 3 2,211 Credit card 2,783 425 (436) 56 2,828 2,716 401 (394) 5 2,728 Business and government 4,031 174 (187) 72 4,090 4,299 290 (141) (31) 4,417 Total allowance for loan losses, including off-balance sheet instruments 9,449 918 (969) 156 9,554 9,584 972 (833) (22) 9,701 Debt securities at amortized cost 2 (1) – 1 2 3 (1) – – 2 Debt securities at FVOCI 3 – – – 3 2 – – – 2 Total allowance for credit losses on debt securities 5 (1) – 1 5 5 (1) – – 4 Total allowance for credit losses $ 9,454 $ 917 $ (969) $ 157 $ 9,559 $ 9,589 $ 971 $ (833) $ (22) $ 9,705 Comprising: Allowance for credit losses on loans at amortized cost $ 8,419 $ 8,508 $ 8,613 $ 8,682 Allowance for credit losses on loans at FVOCI – – – – Allowance for loan losses 8,419 8,508 8,613 8,682 Allowance for off-balance sheet instruments 1,030 1,046 971 1,019 Allowance for credit losses on debt securities 5 5 5 4 For the nine months ended July 31, 2026 July 31, 2025 Residential mortgages $ 357 $ 81 $ (8) $ – $ 430 $ 365 $ (14) $ (6) $ – $ 345 Consumer instalment and other personal 2,273 935 (1,003) 1 2,206 2,133 1,016 (934) (4) 2,211 Credit card 2,790 1,304 (1,267) 1 2,828 2,699 1,302 (1,265) (8) 2,728 Business and government 4,321 637 (817) (51) 4,090 3,940 1,220 (687) (56) 4,417 Total allowance for loan losses, including off-balance sheet instruments 9,741 2,957 (3,095) (49) 9,554 9,137 3,524 (2,892) (68) 9,701 Debt securities at amortized cost 2 (1) – 1 2 3 (1) – – 2 Debt securities at FVOCI 2 1 – – 3 1 1 – – 2 Total allowance for credit losses on debt securities 4 – – 1 5 4 – – – 4 Total allowance for credit losses $ 9,745 $ 2,957 $ (3,095) $ (48) $ 9,559 $ 9,141 $ 3,524 $ (2,892) $ (68) $ 9,705 Comprising: Allowance for credit losses on loans at amortized cost $ 8,689 $ 8,508 $ 8,094 $ 8,682 Allowance for credit losses on loans at FVOCI – – – – Allowance for loan losses 8,689 8,508 8,094 8,682 Allowance for off-balance sheet instruments 1,052 1,046 1,043 1,019 Allowance for credit losses on debt securities 4 5 4 4 |
| 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 July 31, 2026 July 31, 2025 Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Residential Mortgages Balance at beginning of period $ 101 $ 223 $ 96 $ 420 $ 106 $ 174 $ 68 $ 348 Provision for credit losses Transfer to Stage 1 1 33 (31) (2) – 28 (27) (1) – Transfer to Stage 2 (19) 27 (8) – (7) 15 (8) – Transfer to Stage 3 – (16) 16 – – (13) 13 – Net remeasurement due to transfers into stage 2 (8) 4 – (4) (7) 4 – (3) New originations or purchases 3 10 n/a n/a 10 7 n/a n/a 7 Net repayments 4 (1) (1) – (2) (1) (1) – (2) Derecognition of financial assets (excluding disposals and write-offs) 5 (2) (12) (11) (25) (3) (5) (8) (16) Changes to risk, parameters, and models 6 (15) 31 17 33 (22) 24 13 15 Disposals – – – – – – – – Write-offs – – (4) (4) – – (5) (5) Recoveries – – – – – – – – Foreign exchange and other adjustments – 1 1 2 – – 1 1 Balance at end of period $ 99 $ 226 $ 105 $ 430 $ 101 $ 171 $ 73 $ 345 Consumer Instalment and Other Personal Balance, including off-balance sheet instruments, at beginning of period $ 720 $ 1,220 $ 275 $ 2,215 $ 673 $ 1,270 $ 278 $ 2,221 Provision for credit losses Transfer to Stage 1 1 259 (258) (1) – 213 (212) (1) – Transfer to Stage 2 (55) 76 (21) – (54) 77 (23) – Transfer to Stage 3 (3) (75) 78 – (2) (71) 73 – Net remeasurement due to transfers into stage 2 (123) 64 3 (56) (91) 67 2 (22) New originations or purchases 3 104 n/a n/a 104 91 n/a n/a 91 Net repayments 4 (31) (26) (9) (66) (23) (27) (5) (55) Derecognition of financial assets (excluding disposals and write-offs) 5 (24) (29) (11) (64) (22) (29) (16) (67) Changes to risk, parameters, and models 6 (87) 189 287 389 (79) 165 247 333 Disposals – – – – – – – – Write-offs – – (425) (425) – – (385) (385) Recoveries – – 83 83 – – 92 92 Foreign exchange and other adjustments 10 13 3 26 2 1 – 3 Balance, including off-balance sheet instruments, at end of period 770 1,174 262 2,206 708 1,241 262 2,211 Less: Allowance for off-balance sheet instruments 7 24 48 – 72 25 54 – 79 Balance at end of period $ 746 $ 1,126 $ 262 $ 2,134 $ 683 $ 1,187 $ 262 $ 2,132 Credit Card 8 Balance, including off-balance sheet instruments, at beginning of period $ 941 $ 1,394 $ 448 $ 2,783 $ 953 $ 1,314 $ 449 $ 2,716 Provision for credit losses Transfer to Stage 1 1 289 (280) (9) – 280 (269) (11) – Transfer to Stage 2 (77) 105 (28) – (88) 113 (25) – Transfer to Stage 3 (6) (243) 249 – (7) (240) 247 – Net remeasurement due to transfers into stage 2 (115) 117 7 9 (98) 118 7 27 New originations or purchases 3 40 n/a n/a 40 39 n/a n/a 39 Net repayments 4 4 (1) 15 18 (13) 2 16 5 Derecognition of financial assets (excluding disposals and write-offs) 5 (15) (27) (110) (152) (13) (31) (61) (105) Changes to risk, parameters, and models 6 (121) 341 290 510 (125) 345 215 435 Disposals – – – – – – – – Write-offs – – (540) (540) – – (497) (497) Recoveries – – 104 104 – – 103 103 Foreign exchange and other adjustments 20 24 12 56 1 4 – 5 Balance, including off-balance sheet instruments, at end of period 960 1,430 438 2,828 929 1,356 443 2,728 Less: Allowance for off-balance sheet instruments 7 207 306 – 513 201 295 – 496 Balance at end of period $ 753 $ 1,124 $ 438 $ 2,315 $ 728 $ 1,061 $ 443 $ 2,232 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 July 31, 2026 July 31, 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 $ 1,446 $ 1,869 $ 716 $ 4,031 $ 1,328 $ 2,134 $ 837 $ 4,299 Provision for credit losses Transfer to Stage 1 1 111 (111) – – 123 (122) (1) – Transfer to Stage 2 (172) 176 (4) – (203) 214 (11) – Transfer to Stage 3 (2) (41) 43 – (2) (181) 183 – Net remeasurement due to transfers into stage 1 (28) 44 1 17 (29) 42 (1) 12 New originations or purchases 1 421 n/a n/a 421 438 n/a n/a 438 Net repayments 1 11 (8) (30) (27) 2 2 (30) (26) Derecognition of financial assets (excluding disposals and write-offs) 1 (226) (219) (110) (555) (217) (314) (121) (652) Changes to risk, parameters, and models 1 (83) 188 213 318 (4) 311 211 518 Disposals – – – – – – (13) (13) Write-offs – – (221) (221) – – (158) (158) Recoveries – – 34 34 – – 17 17 Foreign exchange and other adjustments 26 45 1 72 7 (5) (20) (18) Balance, including off-balance sheet instruments, at end of period 1,504 1,943 643 4,090 1,443 2,081 893 4,417 Less: Allowance for off-balance sheet instruments 2 240 216 5 461 223 212 9 444 Balance at end of period 1,264 1,727 638 3,629 1,220 1,869 884 3,973 Total Allowance, including instruments, at end of period 3,333 4,773 1,448 9,554 3,181 4,849 1,671 9,701 Less: Total Allowance for instruments 2 471 570 5 1,046 449 561 9 1,019 Total Allowance for Loan Losses $ 2,862 $ 4,203 $ 1,443 $ 8,508 $ 2,732 $ 4,288 $ 1,662 $ 8,682 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 nine months ended July 31, 2026 July 31, 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 80 (75) (5) – 85 (81) (4) – Transfer to Stage 2 (40) 63 (23) – (20) 43 (23) – Transfer to Stage 3 – (36) 36 – – (32) 32 – Net remeasurement due to transfers into stage 2 (19) 13 – (6) (19) 12 – (7) New originations or purchases 3 21 n/a n/a 21 19 n/a n/a 19 Net repayments 4 (3) (3) – (6) (3) (3) – (6) Derecognition of financial assets (excluding disposals and write-offs) 5 (4) (22) (29) (55) (12) (15) (21) (48) Changes to risk, parameters, and models 6 (37) 110 54 127 (65) 58 35 28 Disposals – – – – – – – – Write-offs – – (11) (11) – – (7) (7) Recoveries – – 3 3 – – 1 1 Foreign exchange and other adjustments (1) 1 – – – – – – Balance at end of period $ 99 $ 226 $ 105 $ 430 $ 101 $ 171 $ 73 $ 345 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 1 647 (643) (4) – 537 (533) (4) – Transfer to Stage 2 (180) 243 (63) – (178) 249 (71) – Transfer to Stage 3 (9) (232) 241 – (7) (220) 227 – Net remeasurement due to transfers into stage 2 (289) 206 9 (74) (234) 215 6 (13) New originations or purchases 3 277 n/a n/a 277 251 n/a n/a 251 Net repayments 4 (77) (80) (18) (175) (65) (81) (13) (159) Derecognition of financial assets (excluding disposals and write-offs) 5 (69) (84) (35) (188) (64) (86) (36) (186) Changes to risk, parameters, and models 6 (255) 489 861 1,095 (227) 525 825 1,123 Disposals – – – – – – – – Write-offs – – (1,247) (1,247) – – (1,196) (1,196) Recoveries – – 244 244 – – 262 262 Foreign exchange and other adjustments 1 – – 1 (1) (3) – (4) Balance, including off-balance sheet instruments, at end of period 770 1,174 262 2,206 708 1,241 262 2,211 Less: Allowance for off-balance sheet instruments 7 24 48 – 72 25 54 – 79 Balance at end of period $ 746 $ 1,126 $ 262 $ 2,134 $ 683 $ 1,187 $ 262 $ 2,132 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 1 822 (794) (28) – 1,000 (967) (33) – Transfer to Stage 2 (260) 337 (77) – (256) 325 (69) – Transfer to Stage 3 (22) (787) 809 – (18) (768) 786 – Net remeasurement due to transfers into stage 2 (325) 367 23 65 (398) 343 20 (35) New originations or purchases 3 136 n/a n/a 136 113 n/a n/a 113 Net repayments 4 9 (1) 49 57 (7) 5 54 52 Derecognition of financial assets (excluding disposals and write-offs) 5 (38) (83) (333) (454) (49) (74) (240) (363) Changes to risk, parameters, and models 6 (306) 1,004 802 1,500 (400) 1,120 815 1,535 Disposals – – – – – – – – Write-offs – – (1,598) (1,598) – – (1,558) (1,558) Recoveries – – 331 331 – – 293 293 Foreign exchange and other adjustments – 1 – 1 (3) (2) (3) (8) Balance, including off-balance sheet instruments, at end of period 960 1,430 438 2,828 929 1,356 443 2,728 Less: Allowance for off-balance sheet instruments 7 207 306 – 513 201 295 – 496 Balance at end of period $ 753 $ 1,124 $ 438 $ 2,315 $ 728 $ 1,061 $ 443 $ 2,232 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 nine months ended July 31, 2026 July 31, 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 1 285 (285) – – 277 (273) (4) – Transfer to Stage 2 (455) 466 (11) – (517) 548 (31) – Transfer to Stage 3 (6) (254) 260 – (6) (405) 411 – Net remeasurement due to transfers into stage 1 (87) 123 2 38 (75) 145 – 70 New originations or purchases 1 1,216 n/a n/a 1,216 1,052 n/a n/a 1,052 Net repayments 1 18 (85) (174) (241) 17 (22) (116) (121) Derecognition of financial assets (excluding disposals and write-offs) 1 (698) (668) (398) (1,764) (546) (709) (243) (1,498) Changes to risk, parameters, and models 1 (218) 552 1,054 1,388 82 872 763 1,717 Disposals – – (27) (27) – – (22) (22) Write-offs – – (884) (884) – – (743) (743) Recoveries – – 67 67 – – 56 56 Foreign exchange and other adjustments 10 2 (36) (24) 9 (12) (31) (34) Balance, including off-balance sheet instruments, at end of period 1,504 1,943 643 4,090 1,443 2,081 893 4,417 Less: Allowance for off-balance sheet instruments 2 240 216 5 461 223 212 9 444 Balance at end of period 1,264 1,727 638 3,629 1,220 1,869 884 3,973 Total Allowance, including instruments, at end of period 3,333 4,773 1,448 9,554 3,181 4,849 1,671 9,701 Less: Total Allowance for instruments 2 471 570 5 1,046 449 561 9 1,019 Total Allowance for Loan Losses $ 2,862 $ 4,203 $ 1,443 $ 8,508 $ 2,732 $ 4,288 $ 1,662 $ 8,682 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 July 31, 2026. anchored on assumptions around structural relationships elevated amid several key risks affecting the escalation or a prolonged Middle East However, the Bank’s Canadian and U.S. downside scenarios already Macroeconomic Variables As at July 31, 2026 Base Forecast Upside Scenario Downside Scenario Average Remaining Average Remaining Average Remaining Q3 2026- 4-year Q3 2026- 4-year Q3 2026- 4-year Q2 2027 1 period 1 Q2 2027 1 period 1 Q2 2027 1 period 1 Unemployment rate Canada 6.4 % 5.9 % 6.1 % 5.7 % 7.7 % 7.2 % United States 4.2 4.0 4.0 3.7 5.5 5.4 Real GDP Canada 1.4 1.8 1.9 2.1 (0.8) 2.1 United States 2.1 2.0 2.5 2.4 (0.3) 2.4 Home prices Canada (average existing price) 2 1.1 3.6 3.0 3.8 (4.1) 2.8 United States (CoreLogic HPI) 3 1.3 3.5 1.7 4.1 (6.0) 4.0 Central bank policy interest rate Canada 2.25 2.25 2.75 2.75 1.13 1.42 United States 3.56 3.25 3.75 3.75 2.06 2.30 U.S. 10-year treasury yield 4.20 4.10 4.58 4.58 3.77 3.70 U.S. 10-year BBB spread (%-pts) 1.53 1.60 1.24 1.53 2.33 1.91 Exchange rate (U.S. dollar/Canadian dollar) $ 0.74 $ 0.75 $ 0.75 $ 0.76 $ 0.68 $ 0.70 The numbers represent average values for the quoted periods and the average of year-on-year growth for real GDP 2 3 |
| 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 July 31, 2026 October 31, 2025 Probability-weighted ECLs $ 8,106 $ 8,137 Base ECLs 7,563 7,737 Difference – in amount $ 543 $ 400 Difference – in percentage 7.2 % 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 July 31, 2026 October 31, 2025 Probability-weighted ECLs $ 8,106 $ 8,137 All performing loans and off-balance sheet instruments 6,309 6,435 Incremental lifetime ECLs impact $ 1,797 $ 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 July 31, 2026 October 31, 2025 31-60 61-89 31-60 61-89 days days Total days days Total Residential mortgages $ 485 $ 146 $ 631 $ 407 $ 129 $ 536 Consumer instalment and other personal 1,004 287 1,291 930 301 1,231 Credit card 362 251 613 373 253 626 Business and government 258 91 349 247 85 332 Total $ 2,109 $ 775 $ 2,884 $ 1,957 $ 768 $ 2,725 Includes loans that are measured at FVOCI. |