v3.26.1
Consolidated Statement of Cash Flows - CAD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jul. 31, 2026
Jul. 31, 2025
Jul. 31, 2026
Jul. 31, 2025
Cash flows from (used in) operating activities        
Net income $ 4,615 $ 3,336 $ 12,909 $ 17,258
Adjustments to determine net cash flows from (used in) operating activities        
Gain on sale of Schwab shares 0 0 0 (9,159)
Provision for (recovery of) credit losses 917 971 2,957 3,524
Depreciation 357 327 1,041 1,012
Amortization of other intangibles 234 201 657 582
Net securities loss/(gain) (12) 372 (14) 1,574
Share of net income from investment in Schwab 0 0 0 (305)
Deferred taxes (453) (440) (302) (967)
Changes in operating assets and liabilities        
Interest receivable and payable 110 (284) (117) (1,129)
Obligations related to securities sold under repurchase agreements 10,540 20,456 7,782 5,958
Securities purchased under reverse repurchase agreements (11,248) (11,804) 15,710 (20,063)
Obligations related to securities sold short (369) (2,895) (1,871) 1,143
Trading loans, securities, and other 13,547 (10,677) 2,003 (29,909)
Loans net of securitization and sales (27,681) (635) (41,015) 9,875
Deposits 21,471 (6,485) (776) (9,068)
Derivatives (4,444) 1,805 (1,131) 5,773
Non-trading financial assets at fair value through profit or loss (1,439) 1,159 (2,139) (500)
Financial assets and liabilities designated at fair value through profit or loss (9,253) 633 15,302 (13,447)
Securitization liabilities 1,436 1,385 3,357 4,255
Current income taxes 32 129 (695) 370
Amounts receivable and payable from brokers, dealers, and clients 1,943 (283) 1,372 (3,935)
Other, including unrealized foreign currency translation loss/(gain) (6,163) (18,963) 1,936 (23,075)
Net cash from (used in) operating activities (5,860) (21,692) 16,966 (60,233)
Cash flows from (used in) financing activities        
Issuance of subordinated notes and debentures 0 27 1,000 2,156
Redemption or repurchase of subordinated notes and debentures 0 (194) (1,263) (3,188)
Common shares issued, net of issuance costs 47 57 183 119
Repurchase of common shares, including tax on net value of share repurchases (2,394) (1,561) (7,445) (4,132)
Preferred shares and other equity instruments issued, net of issuance costs 1,246 0 1,246 748
Redemption of preferred shares and other equity instruments 0 (350) 0 (850)
Sale of treasury shares and other equity instruments 4,972 3,269 11,651 11,010
Purchase of treasury shares and other equity instruments (4,971) (3,295) (11,699) (11,066)
Dividends paid on shares and distributions paid on other equity instruments (1,934) (1,886) (5,834) (5,693)
Repayment of lease liabilities (186) (504) (517) (1,013)
Net cash from (used in) financing activities (3,220) (4,437) (12,678) (11,909)
Cash flows from (used in) investing activities        
Interest-bearing deposits with banks 9,101 24,672 5,642 53,801
Activities in financial assets at fair value through other comprehensive income        
Purchases (14,003) (25,139) (35,765) (67,952)
Proceeds from maturities 7,928 8,413 21,192 26,536
Proceeds from sales 1,305 10,755 4,017 13,125
Activities in debt securities at amortized cost        
Purchases (7,640) (12,460) (33,885) (41,797)
Proceeds from maturities 12,431 12,520 33,838 38,532
Proceeds from sales 1,456 7,808 1,859 29,743
Net purchases of land, buildings, equipment, other depreciable assets, and other intangibles (731) (575) (1,886) (1,508)
Net cash acquired from divestitures 0 133 0 20,760
Net cash from (used in) investing activities 9,847 26,127 (4,988) 71,240
Effect of exchange rate changes on cash and due from banks 187 18 0 (18)
Net increase (decrease) in cash and due from banks 954 16 (700) (920)
Cash and due from banks at beginning of period 5,858 5,501 7,512 6,437
Cash and due from banks at end of period 6,812 5,517 6,812 5,517
Supplementary disclosure of cash flows from operating activities        
Amount of income taxes paid (refunded) during the period 759 1,081 3,571 3,868
Amount of interest paid during the period 11,291 13,228 34,893 42,684
Amount of interest received during the period 19,940 20,824 59,438 64,055
Amount of dividends received during the period $ 903 $ 758 $ 2,367 $ 2,105