Royal Bank of Canada (RY) 6-K 24 Aug 23 2023 Q3 Current report (foreign) Financial data

Cover Page

Cover Page	9 Months Ended
	Jul. 31, 2023
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jul. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Registrant Name	Royal Bank of Canada
Entity Central Index Key	0001000275
Current Fiscal Year End Date	--10-31

Interim Condensed Consolidated

Interim Condensed Consolidated Balance Sheets (unaudited) - CAD ($) $ in Millions		Jul. 31, 2023	Oct. 31, 2022
Assets
Cash and due from banks	[1]	$ 80,358	$ 72,397
Interest-bearing deposits with banks		87,650	108,011
Securities
Trading		176,603	148,205
Investment, net of applicable allowance (Note 4)		196,022	170,018
Securities		372,625	318,223
Assets purchased under reverse repurchase agreements and securities borrowed		347,151	317,845
Loans (Note 5)
Retail		561,212	549,751
Wholesale		278,997	273,967
Loans		840,209	823,718
Allowance for loan losses (Note 5)		(4,495)	(3,753)
Loans, net		835,714	819,965
Segregated fund net assets		2,921	2,638
Other
Customers' liability under acceptances		19,365	17,827
Derivatives		115,914	154,439
Premises and equipment		6,793	7,214
Goodwill		12,299	12,277
Other intangibles		5,892	6,083
Other assets (Note 6)		71,052	80,300
Total other assets		231,315	278,140
Total assets		1,957,734	1,917,219
Deposits (Note 7)
Personal		434,047	404,932
Business and government		736,730	759,870
Bank		44,894	44,012
Total deposits		1,215,671	1,208,814
Segregated fund net liabilities		2,921	2,638
Other
Acceptances		19,407	17,872
Obligations related to securities sold short		36,653	35,511
Obligations related to assets sold under repurchase agreements and securities loaned		334,465	273,947
Derivatives		117,244	153,491
Insurance claims and policy benefit liabilities		12,700	11,511
Other liabilities (Note 6)		95,042	95,235
Total other liabilities		615,511	587,567
Subordinated debentures (Note 10)		11,202	10,025
Total liabilities		1,845,305	1,809,044
Equity attributable to shareholders
Retained earnings		82,011	78,037
Other components of equity		4,481	5,725
Total equity attributable to shareholders		112,334	108,064
Non-controlling interests		95	111
Total equity		112,429	108,175
Total liabilities and equity		1,957,734	1,917,219
Preferred shares and other equity instruments [member]
Equity attributable to shareholders
Issued capital (Note 10)		7,330	7,318
Common shares [member]
Equity attributable to shareholders
Issued capital (Note 10)		$ 18,512	$ 16,984
[1]We are required to maintain balances due to regulatory requirements or contractual restrictions from central banks, other regulatory authorities, and other counterparties. The total balances were $2 billion as at July 31, 2023 (April 30, 2023 – $3 billion; October 31, 2022 – $2 billion; July 31, 2022 – $2 billion; October 31, 2021 – $2 billion).

Interim Condensed Consolidate_2

Interim Condensed Consolidated Statements of Income (unaudited) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Interest and dividend income (Note 3)
Loans	$ 11,219	$ 6,761	$ 31,600	$ 18,025
Securities	3,751	1,822	9,932	4,597
Assets purchased under reverse repurchase agreements and securities borrowed	6,063	1,601	15,736	2,506
Deposits and other	1,801	553	5,221	745
Interest and dividend income	22,834	10,737	62,489	25,873
Interest expense (Note 3)
Deposits and other	9,775	2,786	26,203	5,554
Other liabilities	6,599	1,984	17,218	3,707
Subordinated debentures	174	77	481	177
Interest expense	16,548	4,847	43,902	9,438
Net interest income	6,286	5,890	18,587	16,435
Non-interest income
Insurance premiums, investment and fee income	1,848	1,233	5,086	2,866
Trading revenue	485	(128)	1,984	475
Investment management and custodial fees	2,099	1,857	6,238	5,710
Mutual fund revenue	1,034	1,028	3,049	3,279
Securities brokerage commissions	362	344	1,100	1,132
Service charges	529	499	1,551	1,464
Underwriting and other advisory fees	472	369	1,442	1,577
Foreign exchange revenue, other than trading	289	250	1,044	772
Card service revenue	334	314	938	893
Credit fees	342	301	1,078	1,175
Net gains on investment securities	27	28	191	66
Share of profit in joint ventures and associates	(37)	33	4	86
Other	419	114	811	488
Non-interest income	8,203	6,242	24,516	19,983
Total revenue	14,489	12,132	43,103	36,418
Provision for credit losses (Notes 4 and 5)	616	340	1,748	103
Insurance policyholder benefits, claims and acquisition expense	1,379	850	3,930	1,667
Non-interest expense
Human resources (Note 8)	4,794	3,858	14,270	12,145
Equipment	611	514	1,769	1,528
Occupancy	411	381	1,230	1,153
Communications	324	277	923	763
Professional fees	592	373	1,517	1,039
Amortization of other intangibles	369	342	1,118	1,015
Other	760	641	2,203	1,757
Non-interest expense	7,861	6,386	23,030	19,400
Income before income taxes	4,633	4,556	14,395	15,248
Income taxes (Note 9)	761	979	3,660	3,323
Net income	3,872	3,577	10,735	11,925
Net income attributable to:
Shareholders	3,870	3,575	10,730	11,918
Non-controlling interests	2	2	5	7
Net income	$ 3,872	$ 3,577	$ 10,735	$ 11,925
Basic earnings per share (in dollars) (Note 11)	$ 2.74	$ 2.52	$ 7.61	$ 8.33
Diluted earnings per share (in dollars) (Note 11)	2.73	2.51	7.6	8.31
Dividends per common share (in dollars)	$ 1.35	$ 1.28	$ 3.99	$ 3.68

Interim Condensed Consolidate_3

Interim Condensed Consolidated Statements of Comprehensive Income (unaudited) - CAD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Statement of comprehensive income [abstract]
Net income		$ 3,872	$ 3,577	$ 10,735	$ 11,925
Net change in unrealized gains (losses) on debt securities and loans at fair value through other comprehensive income
Net unrealized gains (losses) on debt securities and loans at fair value through other comprehensive income		(85)	(247)	527	(1,392)
Provision for credit losses recognized in income		(3)	(2)	(3)	(13)
Reclassification of net losses (gains) on debt securities and loans at fair value through other comprehensive income to income		(21)	(5)	(134)	(34)
Net change in unrealized gains (losses) on debt securities and loans at fair value through other comprehensive income		(109)	(254)	390	(1,439)
Foreign currency translation adjustments
Unrealized foreign currency translation gains (losses)		(1,878)	(459)	(1,296)	1,213
Net foreign currency translation gains (losses) from hedging activities		722	213	175	(157)
Reclassification of losses (gains) on foreign currency translation to income		(160)		(160)	(18)
Reclassification of losses (gains) on net investment hedging activities to income		146		146	17
Foreign currency translation adjustments		(1,170)	(246)	(1,135)	1,055
Net change in cash flow hedges
Net gains (losses) on derivatives designated as cash flow hedges		10	(296)	(581)	671
Reclassification of losses (gains) on derivatives designated as cash flow hedges to income		(7)	46	79	194
Net change in cash flow hedges		3	(250)	(502)	865
Items that will not be reclassified subsequently to income:
Remeasurement gains (losses) on employee benefit plans (Note 8)	[1]	147	(319)	(212)	729
Net gains (losses) from fair value changes due to credit risk on financial liabilities designated at fair value through profit or loss		(388)	324	(875)	1,357
Net gains (losses) on equity securities designated at fair value through other comprehensive income			10	18	53
Total items that will not be reclassified subsequently to income		(241)	15	(1,069)	2,139
Total other comprehensive income (loss), net of taxes		(1,517)	(735)	(2,316)	2,620
Total comprehensive income (loss)		2,355	2,842	8,419	14,545
Total comprehensive income attributable to:
Shareholders		2,356	2,841	8,417	14,536
Non-controlling interests		(1)	1	2	9
Total comprehensive income (loss)		2,355	2,842	8,419	14,545
Income taxes on other comprehensive income
Net unrealized gains (losses) on debt securities and loans at fair value through other comprehensive income		(71)	(20)	120	(388)
Provision for credit losses recognized in income		(1)			(2)
Reclassification of net losses (gains) on debt securities and loans at fair value through other comprehensive income to income		(8)	(3)	(38)	(7)
Unrealized foreign currency translation gains (losses)		(1)
Net foreign currency translation gains (losses) from hedging activities		267	75	203	(43)
Reclassification of losses (gains) on net investment hedging activities to income		45		45	6
Net gains (losses) on derivatives designated as cash flow hedges		10	(112)	(130)	251
Reclassification of losses (gains) on derivatives designated as cash flow hedges to income		(2)	17	32	70
Remeasurement gains (losses) on employee benefit plans		55	(115)	(17)	252
Net gains (losses) from fair value changes due to credit risk on financial liabilities designated at fair value through profit or loss		(150)	114	(337)	480
Net gains (losses) on equity securities designated at fair value through other comprehensive income		(1)	(7)	14	(8)
Total income tax expenses (recoveries)		$ 143	$ (51)	$ (108)	$ 611
[1]Includes $(9) million that was reclassified from other comprehensive income to retained earnings.

Interim Condensed Consolidate_4

Interim Condensed Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Statement of comprehensive income [abstract]
Reclassification adjustments from other comprehensive income to retained earnings	$ (9)	$ (9)	$ (9)	$ (9)

Interim Condensed Consolidate_5

Interim Condensed Consolidated Statements of Changes in Equity (unaudited) - CAD ($) $ in Millions	Total	Common shares [member]	Issued capital [member] Preferred shares and other equity instruments [member]	Issued capital [member] Common shares [member]	Treasury instruments [member] Preferred shares and other equity instruments [member]	Treasury instruments [member] Common shares [member]	Retained earnings [member]	Other components of equity [member]	Equity attributable to shareholders [member]	Non-controlling interests [member]	FVOCI securities and loans [member] Other components of equity [member]	Foreign currency translation reserve [member] Other components of equity [member]	Cash flow hedge reserve [member] Other components of equity [member]
Balance at beginning of period at Oct. 31, 2021	$ 98,762		$ 6,723	$ 17,728	$ (39)	$ (73)	$ 71,795	$ 2,533	$ 98,667	$ 95	$ (88)	$ 2,055	$ 566
Changes in equity
Issues of share capital and other equity instruments	799		750	50			(1)		799
Common shares purchased for cancellation	(4,444)	$ (411)		(411)			(4,033)		(4,444)
Redemption of preferred shares and other equity instruments	(155)		(150)				(5)		(155)
Sales of treasury shares and other equity instruments	4,390				502	3,888			4,390
Purchases of treasury shares and other equity instruments	(4,548)				(458)	(4,090)			(4,548)
Share-based compensation awards	2	50					2		2
Dividends on common shares	(5,172)						(5,172)		(5,172)
Dividends on preferred shares and distributions on other equity instruments	(184)						(180)		(180)	(4)
Other	3						3		3
Net income	11,925						11,918		11,918	7
Total other comprehensive income (loss), net of taxes	2,620						2,139	479	2,618	2	(1,439)	1,053	865
Balance at end of period at Jul. 31, 2022	103,998		7,323	17,367	5	(275)	76,466	3,012	103,898	100	(1,527)	3,108	1,431
Balance at beginning of period at Apr. 30, 2022	104,405		7,323	17,488	(25)	(174)	75,931	3,761	104,304	101	(1,273)	3,353	1,681
Changes in equity
Issues of share capital and other equity instruments	8			8					8
Common shares purchased for cancellation	(1,338)	(129)		(129)			(1,209)		(1,338)
Sales of treasury shares and other equity instruments	1,375				194	1,181			1,375
Purchases of treasury shares and other equity instruments	(1,446)				(164)	(1,282)			(1,446)
Share-based compensation awards		8
Dividends on common shares	(1,784)						(1,784)		(1,784)
Dividends on preferred shares and distributions on other equity instruments	(60)						(58)		(58)	(2)
Other	(4)						(4)		(4)
Net income	3,577						3,575		3,575	2
Total other comprehensive income (loss), net of taxes	(735)						15	(749)	(734)	(1)	(254)	(245)	(250)
Balance at end of period at Jul. 31, 2022	103,998		7,323	17,367	5	(275)	76,466	3,012	103,898	100	(1,527)	3,108	1,431
Balance at beginning of period at Oct. 31, 2022	108,175		7,323	17,318	(5)	(334)	78,037	5,725	108,064	111	(2,357)	5,688	2,394
Changes in equity
Issues of share capital and other equity instruments	1,353			1,352			1		1,353
Sales of treasury shares and other equity instruments	3,421				461	2,960			3,421
Purchases of treasury shares and other equity instruments	(3,233)				(449)	(2,784)			(3,233)
Share-based compensation awards	4	61					4		4
Dividends on common shares	(5,550)						(5,550)		(5,550)
Dividends on preferred shares and distributions on other equity instruments	(187)						(169)		(169)	(18)
Other	27						27		27
Net income	10,735						10,730		10,730	5
Total other comprehensive income (loss), net of taxes	(2,316)						(1,069)	(1,244)	(2,313)	(3)	390	(1,132)	(502)
Balance at end of period at Jul. 31, 2023	112,429		7,323	18,670	7	(158)	82,011	4,481	112,334	95	(1,967)	4,556	1,892
Balance at beginning of period at Apr. 30, 2023	111,354		7,323	17,984	(4)	(127)	80,326	5,754	111,256	98	(1,858)	5,723	1,889
Changes in equity
Issues of share capital and other equity instruments	686			686					686
Sales of treasury shares and other equity instruments	955				72	883			955
Purchases of treasury shares and other equity instruments	(975)				(61)	(914)			(975)
Share-based compensation awards		$ 16
Dividends on common shares	(1,885)						(1,885)		(1,885)
Dividends on preferred shares and distributions on other equity instruments	(60)						(58)		(58)	(2)
Other	(1)						(1)		(1)
Net income	3,872						3,870		3,870	2
Total other comprehensive income (loss), net of taxes	(1,517)						(241)	(1,273)	(1,514)	(3)	(109)	(1,167)	3
Balance at end of period at Jul. 31, 2023	$ 112,429		$ 7,323	$ 18,670	$ 7	$ (158)	$ 82,011	$ 4,481	$ 112,334	$ 95	$ (1,967)	$ 4,556	$ 1,892

Interim Condensed Consolidate_6

Interim Condensed Consolidated Statements of Cash Flows (unaudited) - CAD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Cash flows from operating activities
Net income		$ 3,872	$ 3,577	$ 10,735	$ 11,925
Adjustments for non-cash items and others
Provision for credit losses		616	340	1,748	103
Depreciation		324	314	952	941
Deferred income taxes		168	(237)	(183)	408
Amortization and impairment of other intangibles		383	343	1,155	1,022
Net changes in investments in joint ventures and associates		37	(33)	(3)	(85)
Losses (Gains) on investment securities		(27)	(28)	(191)	(66)
Losses (Gains) on disposition of businesses		(92)	(11)	(92)	(100)
Adjustments for net changes in operating assets and liabilities
Insurance claims and policy benefit liabilities		457	(40)	1,189	(783)
Net change in accrued interest receivable and payable		(168)	(167)	1,784	(246)
Current income taxes		(749)	29	(158)	(3,061)
Derivative assets		8,235	34,146	38,362	(26,517)
Derivative liabilities		(6,654)	(31,673)	(35,837)	28,429
Trading securities		(40,396)	1,810	(28,398)	(2,716)
Loans, net of securitizations		(4,690)	(21,959)	(17,120)	(78,916)
Assets purchased under reverse repurchase agreements and securities borrowed		(11,912)	(1,867)	(29,306)	(10,662)
Obligations related to assets sold under repurchase agreements and securities loaned		42,907	1,811	60,518	18,948
Obligations related to securities sold short		605	(960)	1,142	663
Deposits, net of securitizations		5,618	26,954	27,974	78,323
Brokers and dealers receivable and payable		1,290	3,032	(1,879)	4,131
Other		9,212	(2,261)	4,810	550
Net cash from (used in) operating activities		9,036	13,120	37,202	22,291
Cash flows from investing activities
Change in interest-bearing deposits with banks		(5,770)	(29,316)	2,179	(18,507)
Proceeds from sales and maturities of investment securities		39,464	25,257	116,661	72,752
Purchases of investment securities		(56,943)	(30,653)	(145,776)	(86,876)
Net acquisitions of premises and equipment and other intangibles		(557)	(586)	(1,962)	(1,729)
Net proceeds from (cash transferred for) dispositions		1,712	(408)	1,712	(313)
Net cash from (used in) investing activities		(22,094)	(35,706)	(27,186)	(34,673)
Cash flows from financing activities
Issuance of subordinated debentures				1,500	1,000
Repayment of subordinated debentures		(110)		(170)
Issue of common shares, net of issuance costs		16	8	58	46
Common shares purchased for cancellation			(1,338)		(4,444)
Issue of preferred shares and other equity instruments, net of issuance costs					749
Redemption of preferred shares and other equity instruments					(155)
Sales of treasury shares and other equity instruments		955	1,375	3,421	4,390
Purchases of treasury shares and other equity instruments		(975)	(1,446)	(3,233)	(4,548)
Dividends paid on shares and distributions paid on other equity instruments		(1,234)	(1,754)	(4,327)	(5,118)
Dividends/distributions paid to non-controlling interests		(2)	(2)	(18)	(4)
Change in short-term borrowings of subsidiaries		(2,758)	128	(376)	129
Repayment of lease liabilities		(167)	(166)	(496)	(483)
Net cash from (used in) financing activities		(4,275)	(3,195)	(3,641)	(8,438)
Effect of exchange rate changes on cash and due from banks		(1,508)	(1,038)	1,586	(3,916)
Net change in cash and due from banks		(18,841)	(26,819)	7,961	(24,736)
Cash and due from banks at beginning of period	[1]	99,199	115,929	72,397	113,846
Cash and due from banks at end of period	[1]	80,358	89,110	80,358	89,110
Cash flows from operating activities include:
Amount of interest paid		16,018	3,705	39,040	7,233
Amount of interest received		21,696	9,223	58,252	22,824
Amount of dividends received		921	746	2,541	2,291
Amount of income taxes paid		$ 1,470	$ 1,130	$ 3,878	$ 6,466
[1]We are required to maintain balances due to regulatory requirements or contractual restrictions from central banks, other regulatory authorities, and other counterparties. The total balances were $2 billion as at July 31, 2023 (April 30, 2023 – $3 billion; October 31, 2022 – $2 billion; July 31, 2022 – $2 billion; October 31, 2021 – $2 billion).

Interim Condensed Consolidate_7

Interim Condensed Consolidated Statements of Cash Flows (unaudited) (Parenthetical) - CAD ($) $ in Billions	Jul. 31, 2023	Apr. 30, 2023	Oct. 31, 2022	Jul. 31, 2022	Oct. 31, 2021
Statement of cash flows [abstract]
Mandatory reserve deposits at central banks	$ 2	$ 3	$ 2	$ 2	$ 2

General information

General information	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
General information	Note 1 General information Royal Bank of Canada and its subsidiaries (the Bank) provide diversified financial services including Personal & Commercial Banking, Wealth Management, Insurance and Capital Markets products and services on a global basis. Refer to Note 13 for further details on our business segments. Our unaudited Interim Condensed Consolidated Financial Statements (Condensed Financial Statements) are presented in compliance with International Accounting Standard (IAS) 34 Interim Financial Reporting

Summary of significant accounti

Summary of significant accounting policies, estimates and judgments	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Summary of significant accounting policies, estimates and judgments	Note 2 Summary of significant accounting policies, estimates and judgments The Condensed Financial Statements have been prepared using the same accounting policies and methods used in the preparation of our audited 2022 Annual Consolidated Financial Statements. Our significant accounting policies and future changes in accounting policies and disclosures that are not yet effective for us are described in Note 2 of our audited 2022 Annual Consolidated Financial Statements and updates are provided below. Future changes in accounting policy and disclosure IFRS 17 Insurance Contracts (IFRS 17) In May 2017, the IASB issued IFRS 17 to establish a comprehensive insurance standard which provides guidance on the recognition, measurement, presentation and disclosure of insurance contracts issued and reinsurance contracts held and will replace the existing IFRS 4 Insurance Contracts Under IFRS 17, insurance contracts are contracts under which we accept significant insurance risk from a policyholder by agreeing to compensate the policyholder if a specified uncertain future event adversely affects the policyholder. Embedded derivatives, investment components and promises to provide non-insurance services, provided specific criteria are met, are separated from the measurement of insurance and reinsurance contracts. Insurance and reinsurance contracts are aggregated into portfolios that are subject to similar risks and are managed together, and then divided into groups based on the period of issuance and profitability. Groups are separately recognized and measured using one of three measurement models depending on the characteristics of the contracts: • For insurance contracts with direct participating features, the contracts are measured using the variable fee approach (VFA). • For insurance contracts and reinsurance contracts held with a short duration of one year or less, the premium allocation approach (PAA) may be elected. • The general measurement method (GMM) is applied to all remaining contracts. Under the GMM and VFA, the liabilities for remaining coverage and incurred claims for groups of contracts are measured as the sum of the fulfilment cash flows and the contractual service margin (CSM), which are recalculated at the end of each reporting period. The fulfilment cash flows consist of the present value of future cash flows and a risk adjustment for non-financial risk. For insurance contracts, the CSM represents the unearned profit for providing insurance coverage. For reinsurance contracts held, the CSM represents the net cost or net gain of purchasing reinsurance. Under the PAA, the liability for remaining coverage for each group is measured as the premiums received less insurance revenue recognized for services provided, while the liability for incurred claims is measured as the fulfillment cash flows for incurred claims plus adjustment on any financing components. Losses from the recognition of onerous groups of insurance contracts, regardless of the measurement model applied, are recognized in the Consolidated Statements of Income immediately. The following are key differences between IFRS 17 and IFRS 4: • New business profits are deferred and measured as the CSM component of the insurance contract liabilities and amortized into income as insurance contract services are provided, while losses are recognized into income immediately. Under IFRS 4, gains and losses are recognized in income immediately. On July 18, 2023, OSFI released regulatory guidance to allow the inclusion of the CSM in calculating CET1 capital and related ratios, and therefore, we expect no impact on the capital metrics from such reduction in retained earnings resulting from the CSM. • Discount rates used in calculating the present value of insurance contract liabilities are based on the characteristics of the insurance contracts unlike IFRS 4 which is based on the assets supporting the liabilities. • Presentation and disclosure changes are expected due to the new requirements. The overall impact of establishing the CSM, as well as other measurement impacts on our assets and liabilities, is expected to result in a reduction to retained earnings on adoption of IFRS 17. While IFRS 17 impacts the timing of profit recognition of insurance contracts, it will have no impact on total profit recognized over the lifetime of these contracts. Transition Upon the adoption of IFRS 17, we will apply IFRS 17 retrospectively by adjusting our Consolidated Balance Sheets as at November 1, 2022 and restating the comparative information as at and for the year ended October 31, 2023. The full retrospective approach will be applied for all insurance and reinsurance contracts unless it is impracticable to do so. When impracticable, the fair value approach will be applied, which calculates the CSM or loss component of the liability for remaining coverage as the difference between the fair value of a group of contracts and the fulfillment cash flows measured at the date of transition. As permitted by IFRS 17, we also expect to change the classification and measurement of certain eligible financial assets held in respect of an activity that relates to insurance contracts upon the adoption of IFRS 17. We will apply these changes retrospectively by adjusting our Consolidated Balance Sheets as at November 1, 2023, the date of the initial application of IFRS 17, with no restatement of comparative information. The quantification of the transition impacts is in progress, and we expect to provide an estimate in our 2023 Annual Report. Interest Rate Benchmark Reform As part of the interest rate benchmark reform, the publication of all remaining USD London Interbank Offered Rate (LIBOR) settings ceased on June 30, 2023. As at July 31, 2023, and consistent with our transition plan, our exposure to financial instruments referencing USD LIBOR is no longer material to our Condensed Financial Statements.

Fair value of financial instrum

Fair value of financial instruments	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Fair value of financial instruments	Note 3 Fair value of financial instruments Carrying value and fair value of financial instruments The following tables provide a comparison of the carrying values and fair values for financial instruments classified or designated as fair value through profit or loss (FVTPL) and fair value through other comprehensive income (FVOCI). Embedded derivatives are presented on a combined basis with the host contracts. Refer to Note 2 and Note 3 of our audited 2022 Annual Consolidated Financial Statements for a description of the valuation techniques and inputs used in the fair value measurement of our financial instruments. There have been no significant changes to our determination of fair value during the quarter. As at July 31, 2023 Carrying value and fair value Carrying value Fair value (Millions of Canadian dollars) Financial Financial Financial Financial Financial Financial Total carrying Total fair value Financial assets Interest-bearing deposits with banks $ – $ 81,356 $ – $ – $ 6,294 $ 6,294 $ 87,650 $ 87,650 Securities Trading 165,913 10,690 – – – – 176,603 176,603 Investment, net of applicable allowance – – 116,382 942 78,698 72,692 196,022 190,016 165,913 10,690 116,382 942 78,698 72,692 372,625 366,619 Assets purchased under reverse repurchase agreements and securities borrowed 296,430 – – – 50,721 50,721 347,151 347,151 Loans, net of applicable allowance Retail 94 378 277 – 557,876 534,243 558,625 534,992 Wholesale 5,851 3,069 571 – 267,598 261,382 277,089 270,873 5,945 3,447 848 – 825,474 795,625 835,714 805,865 Other Derivatives 115,914 – – – – – 115,914 115,914 Other assets (1) 4,365 5 – – 61,594 61,594 65,964 65,964 Financial liabilities Deposits Personal $ 309 $ 26,452 $ 407,286 $ 405,156 $ 434,047 $ 431,917 Business and government (2) 201 139,696 596,833 595,211 736,730 735,108 Bank (3) – 10,517 34,377 34,323 44,894 44,840 510 176,665 1,038,496 1,034,690 1,215,671 1,211,865 Other Obligations related to securities sold short 36,653 – – – 36,653 36,653 Obligations related to assets sold under repurchase agreements and securities loaned – 301,752 32,713 32,713 334,465 334,465 Derivatives 117,244 – – – 117,244 117,244 Other liabilities (4) (877 ) 19 89,225 89,193 88,367 88,335 Subordinated debentures – – 11,202 11,072 11,202 11,072 As at October 31, 2022 Carrying value and fair value Carrying value Fair value (Millions of Canadian dollars) Financial Financial Financial Financial Financial Financial Total carrying Total fair value Financial assets Interest-bearing deposits with banks $ – $ 84,468 $ – $ – $ 23,543 $ 23,543 $ 108,011 $ 108,011 Securities Trading 138,507 9,698 – – – – 148,205 148,205 Investment, net of applicable allowance – – 92,063 828 77,127 70,073 170,018 162,964 138,507 9,698 92,063 828 77,127 70,073 318,223 311,169 Assets purchased under reverse repurchase agreements and 264,665 – – – 53,180 53,180 317,845 317,845 Loans, net of applicable allowance Retail 73 375 218 – 546,767 521,428 547,433 522,094 Wholesale 6,914 3,222 563 – 261,833 253,816 272,532 264,515 6,987 3,597 781 – 808,600 775,244 819,965 786,609 Other Derivatives 154,439 – – – – – 154,439 154,439 Other assets (1) 3,377 – – – 73,084 73,084 76,461 76,461 Financial liabilities Deposits Personal $ 298 $ 21,959 $ 382,675 $ 380,396 $ 404,932 $ 402,653 Business and government (2) 447 152,119 607,304 605,102 759,870 757,668 Bank (3) – 7,196 36,816 36,758 44,012 43,954 745 181,274 1,026,795 1,022,256 1,208,814 1,204,275 Other Obligations related to securities sold short 35,511 – – – 35,511 35,511 Obligations related to assets sold under repurchase agreements and securities loaned – 248,835 25,112 25,112 273,947 273,947 Derivatives 153,491 – – – 153,491 153,491 Other liabilities (4) (360 ) 69 90,348 90,160 90,057 89,869 Subordinated debentures – – 10,025 9,668 10,025 9,668 (1) Includes Customers’ liability under acceptances and financial instruments recognized in Other assets. (2) Business and government deposits include deposits from regulated deposit-taking institutions other than banks. (3) Bank deposits refer to deposits from regulated banks and central banks. (4) Includes Acceptances and financial instruments recognized in Other liabilities. Fair value of assets and liabilities measured at fair value on a recurring basis and classified using the fair value hierarchy As at July 31, 2023 October 31, 2022 Fair value measurements using Netting adjustments Fair value measurements using Netting adjustments (Millions of Canadian dollars) Level 1 Level 2 Level 3 Fair value Level 1 Level 2 Level 3 Fair value Financial assets Interest-bearing deposits with banks $ – $ 81,356 $ – $ $ 81,356 $ – $ 84,468 $ – $ $ 84,468 Securities Trading Debt issued or guaranteed by: Canadian government (1) Federal 18,595 2,067 – 20,662 15,024 3,779 – 18,803 Provincial and municipal – 14,148 – 14,148 – 13,257 – 13,257 U.S. federal, state, municipal and agencies (1), (2) 3,507 48,288 – 51,795 1,254 35,570 4 36,828 Other OECD government (3) 2,919 2,790 – 5,709 1,325 3,452 – 4,777 Mortgage-backed securities (1) – 2 – 2 – 2 – 2 Asset-backed securities Non-CDO (4) – 1,239 – 1,239 – 1,308 2 1,310 Corporate debt and other debt – 22,767 – 22,767 – 21,162 7 21,169 Equities 55,847 2,255 2,179 60,281 46,592 3,593 1,874 52,059 80,868 93,556 2,179 176,603 64,195 82,123 1,887 148,205 Investment Debt issued or guaranteed by: Canadian government (1) Federal 1,175 3,659 – 4,834 1,226 2,555 – 3,781 Provincial and municipal – 2,582 – 2,582 – 2,124 – 2,124 U.S. federal, state, municipal and agencies (1) 102 62,377 – 62,479 440 43,918 – 44,358 Other OECD government – 6,417 – 6,417 – 5,144 – 5,144 Mortgage-backed securities (1) – 2,521 30 2,551 – 2,860 28 2,888 Asset-backed securities CDO – 7,618 – 7,618 – 7,524 – 7,524 Non-CDO – 432 – 432 – 524 – 524 Corporate debt and other debt – 29,328 141 29,469 – 25,569 151 25,720 Equities 37 474 431 942 36 395 397 828 1,314 115,408 602 117,324 1,702 90,613 576 92,891 Assets purchased under reverse repurchase agreements and securities borrowed – 296,430 – 296,430 – 264,665 – 264,665 Loans – 7,929 2,311 10,240 – 9,673 1,692 11,365 Other Derivatives Interest rate contracts – 35,685 237 35,922 – 39,804 263 40,067 Foreign exchange contracts – 65,792 7 65,799 – 99,424 13 99,437 Credit derivatives – 298 – 298 – 388 – 388 Other contracts 2,811 13,327 98 16,236 3,939 14,786 62 18,787 Valuation adjustments – (1,484 ) 3 (1,481 ) – (2,100 ) 45 (2,055 ) Total gross derivatives 2,811 113,618 345 116,774 3,939 152,302 383 156,624 Netting adjustments (860) (860 ) (2,185) (2,185 ) Total derivatives 115,914 154,439 Other assets 1,453 2,906 11 4,370 1,221 2,141 15 3,377 $ 86,446 $ 711,203 $ 5,448 $ (860) $ 802,237 $ 71,057 $ 685,985 $ 4,553 $ (2,185) $ 759,410 Financial liabilities Deposits Personal $ – $ 26,480 $ 281 $ $ 26,761 $ – $ 22,016 $ 241 $ $ 22,257 Business and government – 139,897 – 139,897 – 152,566 – 152,566 Bank – 10,517 – 10,517 – 7,196 – 7,196 Other Obligations related to securities sold short 15,005 21,648 – 36,653 16,383 19,128 – 35,511 Obligations related to assets sold under repurchase agreements and securities loaned – 301,752 – 301,752 – 248,835 – 248,835 Derivatives Interest rate contracts – 36,323 869 37,192 – 39,592 1,122 40,714 Foreign exchange contracts – 58,164 53 58,217 – 94,310 145 94,455 Credit derivatives – 109 – 109 – 125 – 125 Other contracts 3,408 19,256 539 23,203 3,847 16,663 847 21,357 Valuation adjustments – (609 ) (8 ) (617 ) – (967 ) (8 ) (975 ) Total gross derivatives 3,408 113,243 1,453 118,104 3,847 149,723 2,106 155,676 Netting adjustments (860) (860 ) (2,185) (2,185 ) Total derivatives 117,244 153,491 Other liabilities 400 (1,258 ) – (858 ) 341 (632 ) – (291 ) $ 18,813 $ 612,279 $ 1,734 $ (860) $ 631,966 $ 20,571 $ 598,832 $ 2,347 $ (2,185) $ 619,565 (1) As at July 31, 2023, residential and commercial mortgage-backed securities (MBS) included in all fair value levels of trading securities were $13,037 million million million (2) United States (U.S.). (3) Organisation for Economic Co-operation (4) Collateralized debt obligation s (CDO). Fair value measurements using significant unobservable inputs (Level 3 Instruments) A financial instrument is classified as Level 3 in the fair value hierarchy if one or more of its unobservable inputs may significantly affect the measurement of its fair value. In preparing the financial statements, appropriate levels for these unobservable input parameters are chosen so that they are consistent with prevailing market evidence or management judgment. Due to the unobservable nature of the prices or rates, there may be uncertainty about the valuation of these Level 3 financial instruments. During the three months ended July 31, 2023, there were no signifi c Changes in fair value measurement for instruments measured on a recurring basis and categorized in Level 3 For the three months ended July 31, 2023 (Millions of Canadian dollars) Fair value Gains (losses) Gains (losses) Purchases Settlement Transfers Transfers Fair value Gains Assets Securities Trading Debt issued or guaranteed by: U.S. state, municipal and agencies $ – $ – $ – $ – $ – $ – $ – $ – $ – Asset-backed securities Non-CDO securities – – – – – – – – – Corporate debt and other debt 19 – – – (16 ) – (3 ) – – Equities 2,177 (37 ) (28 ) 70 (9 ) 6 – 2,179 (13 ) 2,196 (37 ) (28 ) 70 (25 ) 6 (3 ) 2,179 (13 ) Investment Mortgage-backed securities 27 – 3 – – – – 30 n.a. Corporate debt and other debt 150 – (9 ) – – – – 141 n.a. Equities 436 – (6 ) 1 – – – 431 n.a. 613 – (12 ) 1 – – – 602 n.a. Loans 2,410 (28 ) (58 ) 61 (71 ) 2 (5 ) 2,311 (13 ) Other Net derivative balances (3) Interest rate contracts (638 ) (14 ) 1 1 19 7 (8 ) (632 ) (8 ) Foreign exchange contracts (56 ) 3 (1 ) (9 ) 11 – 6 (46 ) 2 Other contracts (413 ) (43 ) 11 (23 ) 17 (37 ) 47 (441 ) (45 ) Valuation adjustments 16 – – – (5 ) – – 11 – Other assets 13 – – – (2 ) – – 11 – $ 4,141 $ (119 ) $ (87 ) $ 101 $ (56 ) $ (22 ) $ 37 $ 3,995 $ (77 ) Liabilities Deposits $ (250 ) $ 1 $ 1 $ (80 ) $ 13 $ (16 ) $ 50 $ (281 ) $ 5 Other Other liabilities – – – – – – – – – $ (250 ) $ 1 $ 1 $ (80 ) $ 13 $ (16 ) $ 50 $ (281 ) $ 5 For the three months ended July 31, 2022 (Millions of Canadian dollars) Fair value Gains (losses) Gains (losses) Purchases Settlement Transfers Transfers Fair value Gains Assets Securities Trading Debt issued or guaranteed by: U.S. state, municipal and agencies $ 16 $ – $ – $ – $ (6 ) $ – $ – $ 10 $ – Asset-backed securities Non-CDO securities 2 – – – – – – 2 – Corporate debt and other debt 5 – – – (2 ) 9 – 12 – Equities 1,759 (4 ) (4 ) 84 (16 ) – – 1,819 (5 ) 1,782 (4 ) (4 ) 84 (24 ) 9 – 1,843 (5 ) Investment Mortgage-backed securities 21 – 1 – – – – 22 n.a. Corporate debt and other debt 149 – 3 – – – – 152 n.a. Equities 349 – (2 ) 2 – – – 349 n.a. 519 – 2 2 – – – 523 n.a. Loans 782 4 (1 ) 136 (3 ) 9 (33 ) 894 7 Other Net derivative balances (3) Interest rate contracts (663 ) 6 – (7 ) (8 ) 15 2 (655 ) – Foreign exchange contracts 24 (13 ) (2 ) 1 (2 ) 9 10 27 (1 ) Other contracts (436 ) 10 2 (23 ) – 10 42 (395 ) 16 Valuation adjustments 28 – – (7 ) – – – 21 – Other assets 15 – – – – – – 15 – $ 2,051 $ 3 $ (3 ) $ 186 $ (37 ) $ 52 $ 21 $ 2,273 $ 17 Liabilities Deposits $ (157 ) $ 3 $ – $ (7 ) $ 6 $ (39 ) $ 13 $ (181 ) $ 5 Other Other liabilities (3 ) – – – – – – (3 ) – $ (160 ) $ 3 $ – $ (7 ) $ 6 $ (39 ) $ 13 $ (184 ) $ 5 For the nine months ended July 31, 2023 (Millions of Canadian dollars) Fair value Gains (losses) Gains (losses) Purchases Settlement Transfers Transfers Fair value Gains Assets Securities Trading Debt issued or guaranteed by: U.S. state, municipal and agencies $ 4 $ – $ – $ – $ (4 $ – $ – $ – $ – Asset-backed securities Non-CDO securities 2 – – – (2 – – – – Corporate debt and other debt 7 – – 2 (16 17 (10 – – Equities 1,874 (159 (34 491 (41 48 – 2,179 (130 1,887 (159 (34 493 (63 65 (10 2,179 (130 Investment Mortgage-backed securities 28 – 1 1 – – – 30 n.a. Corporate debt and other debt 151 – (2 – (8 – – 141 n.a. Equities 397 – 34 1 (1 – – 431 n.a. 576 – 33 2 (9 – – 602 n.a. Loans 1,692 (54 (35 1,300 (452 30 (170 2,311 – Other Net derivative balances (3) Interest rate contracts (859 ) (10 6 (7 194 30 14 (632 (9 Foreign exchange contracts (132 4 10 (8 48 – 32 (46 (2 Other contracts (785 (6 21 (61 83 (96 403 (441 (35 Valuation adjustments 53 – – – (42 – – 11 – Other assets 15 – – – (4 – – 11 – $ 2,447 $ (225 $ 1 $ 1,719 $ (245 $ 29 $ 269 $ 3,995 $ (176 Liabilities Deposits $ (241 $ (26 $ 1 $ (157 $ 19 $ (67 $ 190 $ (281 $ (8 Other Other liabilities – – – – – – – – – $ (241 $ (26 $ 1 $ (157 $ 19 $ (67 $ 190 $ (281 $ (8 ) For the nine months ended July 31, 2022 (Millions of Canadian dollars) Fair value Gains (losses) Gains (losses) Purchases Settlement Transfers Transfers Fair value Gains Assets Securities Trading Debt issued or guaranteed by: U.S. state, municipal and agencies $ 25 $ – $ 1 $ – $ (16 ) $ – $ – $ 10 $ – Asset-backed securities Non-CDO securities 2 – – – – – – 2 – Corporate debt and other debt 25 (2 ) – – (7 ) 9 (13 ) 12 – Equities 1,530 74 30 245 (61 ) 1 – 1,819 75 1,582 72 31 245 (84 ) 10 (13 ) 1,843 75 Investment Mortgage-backed securities 20 – 2 – – – – 22 n.a. Corporate debt and other debt 152 – – – – – – 152 n.a. Equities 334 – 41 10 (1 ) – (35 ) 349 n.a. 506 – 43 10 (1 ) – (35 ) 523 n.a. Loans 1,077 (9 ) (33 ) 353 (465 ) 25 (54 ) 894 (54 ) Other Net derivative balances (3) Interest rate contracts (635 ) (151 ) (2 ) 93 58 15 (33 ) (655 ) 38 Foreign exchange contracts 47 (60 ) (1 ) 22 10 9 – 27 (49 ) Other contracts (393 ) 194 (9 ) (138 ) 48 (183 ) 86 (395 ) 218 Valuation adjustments 20 – – (7 ) (11 ) 19 – 21 – Other assets – – – 15 – – – 15 – $ 2,204 $ 46 $ 29 $ 593 $ (445 ) $ (105 ) $ (49 ) $ 2,273 $ 228 Liabilities Deposits $ (151 ) $ (6 ) $ (1 ) $ (86 ) $ 23 $ (75 ) $ 115 $ (181 ) $ 10 Other Other liabilities (7 ) – – – 4 – – (3 ) – $ (158 ) $ (6 ) $ (1 ) $ (86 ) $ 27 $ (75 ) $ 115 $ (184 ) $ 10 (1) These amounts include the foreign currency translation gains or losses arising on consolidation of foreign subsidiaries relating to the Level 3 instruments, where applicable. The unrealized gains on Investment securities recognized in other comprehensive income (OCI) were $3 million (2) Other includes amortization of premiums or discounts recognized in net income. (3) Net derivatives as at July 31, 2023 included derivative assets of $345 million million n.a. not applicable Transfers between fair value hierarchy levels for instruments carried at fair value on a recurring basis Transfers between Level 1 and Level 2, and transfers into and out of Level 3 are assumed to occur at the end of the period. For an asset or a liability that transfers into Level 3 during the period, the entire change in fair value for the period is excluded from the Gains (losses) included in earnings for positions still held column of the above reconciliation, whereas for transfers out of Level 3 during the period, the entire change in fair value for the period is included in the same column of the above reconciliation. Transfers between Level 1 and 2 are dependent on whether fair value is obtained on the basis of quoted market prices in active markets (Level 1). During the three months ended July 31, 2023, transfers out of Level 1 to Level 2 included Obligations related to securities sold short of $151 million. During the three months ended July 31, 2022, there were During the three months ended July 31, 2023 and July 31, 2022, there were no significant transfers out of Level 2 to Level 1. During the nine months ended July 31, 2023, transfers out of Level 1 to Level 2 included Investment U.S. federal, state, municipal and agencies debt of $435 million, Obligations related to securities sold short of $151 million, and Trading U.S. federal, state, municipal and agencies debt of $ During the nine months ended July 31, 2023 and July 31, 2022, there were no significant transfers out of Level 2 to Level 1. Transfers between Level 2 and Level 3 are primarily due to either a change in the market observability for an input, or a change in an unobservable input’s significance to a financial instrument’s fair value. During the three months ended July 31, 2023 and July 31, 2022, there were significant transfers out of Level 2 to Level 3 or out of Level 3 to Level 2. During the nine months ended July 31, 2023, there were no significant transfers out of Level 2 to Level 3. During the nine months ended July 31, 2022, significant transfers out of Level 2 to Level 3 included Other contracts due to changes in the market observability of inputs. During the nine months ended July 31, 2023, significant transfers out of Level 3 to Level 2 included Other contracts and Loans due to changes in the market observability of inputs and changes in the significance of unobservable inputs. During the nine months ended July 31, 2022, there were no significant transfers out of Level 3 to Level 2. Net interest income from financial instruments Interest and dividend income arising from financial assets and financial liabilities and the associated costs of funding are reported in Net interest income. For the three months ended For the nine months ended (Millions of Canadian dollars) July 31 2023 July 31 2022 July 31 2023 July 31 2022 Interest and dividend income (1), (2) Financial instruments measured at fair value through profit or loss $ 8,546 $ 2,879 $ 22,203 $ 5,873 Financial instruments measured at fair value through other comprehensive income 1,383 312 3,439 513 Financial instruments measured at amortized cost 12,905 7,546 36,847 19,487 22,834 10,737 62,489 25,873 Interest expense (1) Financial instruments measured at fair value through profit or loss 7,531 2,346 20,046 4,292 Financial instruments measured at amortized cost 9,017 2,501 23,856 5,146 16,548 4,847 43,902 9,438 Net interest income $ 6,286 $ 5,890 $ 18,587 $ 16,435 (1) Excludes the following amounts related to our insurance operations and included in Insurance premiums, investment and fee income in the Interim Condensed Consolidated Statements of Income: for the three months million million (2) Includes dividend income for the three months ended July 31, 2023 of $803 million

Securities

Securities	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Securities	Note 4 Securities Unrealized gains and losses on securities at FVOCI (1), (2) As at July 31, 2023 October 31, 2022 (Millions of Canadian dollars) Cost/ Gross Gross Fair value Cost/ Gross Gross Fair value Debt issued or guaranteed by: Canadian government Federal $ 5,144 $ 2 $ (312 ) $ 4,834 $ 4,081 $ 1 $ (301 ) $ 3,781 Provincial and municipal 3,117 5 (540 ) 2,582 2,685 6 (567 ) 2,124 U.S. federal, state, municipal and agencies 63,945 209 (1,675 ) 62,479 46,034 343 (2,019 ) 44,358 Other OECD government 6,419 3 (5 ) 6,417 5,154 7 (17 ) 5,144 Mortgage-backed securities 2,608 1 (58 ) 2,551 2,985 1 (98 ) 2,888 Asset-backed securities CDO 7,674 4 (60 ) 7,618 7,741 3 (220 ) 7,524 Non-CDO securities 439 2 (9 ) 432 547 – (23 ) 524 Corporate debt and other debt 29,496 47 (74 ) 29,469 25,852 51 (183 ) 25,720 Equities 627 321 (6 ) 942 551 284 (7 ) 828 $ 119,469 $ 594 $ (2,739 ) $ 117,324 $ 95,630 $ 696 $ (3,435 ) $ 92,891 (1) Excludes $78,698 million of held-to-collect securities as at July 31, 2023 that are carried at amortized cost, net of allowance for credit losses (October 31, 2022 – $77,127 million). (2) Gross unrealized gains and losses includes $(23) million of allowance for credit losses on debt securities at FVOCI as at July 31, 2023 (October 31, 2022 – $(19) million) recognized in income and Other components of equity. Allowance for credit losses on investment securities The following tables reconcile the opening and closing allowance for debt securities at FVOCI and amortized cost by stage. Reconciling items include the following: • Transfers between stages, which are presumed to occur before any corresponding remeasurement of the allowance. • Purchases, which reflect the allowance related to assets newly recognized during the period, including those assets that were derecognized following a modification of terms. • Sales and maturities, which reflect the allowance related to assets derecognized during the period without a credit loss being incurred, including those assets that were derecognized following a modification of terms. • Changes in risk, parameters and exposures, which comprise the impact of changes in model inputs or assumptions, including changes in forward-looking macroeconomic conditions; partial repayments; changes in the measurement following a transfer between stages; and unwinding of the time value discount due to the passage of time. Allowance for credit losses – securities at FVOCI (1) For the three months ended July 31, 2023 July 31, 2022 Performing Impaired Performing Impaired (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 (2) Total Balance at beginning of period $ 3 $ 2 $ (25 ) $ (20 ) $ 2 $ 2 $ (17 ) $ (13 ) Provision for credit losses Transfers to stage 1 1 (1 ) – – 1 (1 ) – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 1 – – 1 1 – – 1 Sales and maturities – (1 ) – (1 ) – – – – Changes in risk, parameters and exposures (2 ) (1 ) (2 ) (5 ) (2 ) – (2 ) (4 ) Exchange rate and other – 1 1 2 – – – – Balance at end of period $ 3 $ – $ (26 ) $ (23 ) $ 2 $ 1 $ (19 ) $ (16 ) For the nine months ended July 31, 2023 July 31, 2022 Performing Impaired Performing Impaired (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 (2) Total Balance at beginning of period $ 3 $ 1 $ (23 ) $ (19 ) $ 2 $ 1 $ (12 ) $ (9 ) Provision for credit losses Transfers to stage 1 1 (1 ) – – 1 (1 ) – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 4 – – 4 2 – – 2 Sales and maturities (1 ) (1 ) – (2 ) (1 ) – – (1 ) Changes in risk, parameters and exposures (3 ) 1 (7 ) (9 ) (1 ) – (7 ) (8 ) Exchange rate and other (1 ) – 4 3 (1 ) 1 – – Balance at end of period $ 3 $ – $ (26 ) $ (23 ) $ 2 $ 1 $ (19 ) $ (16 ) (1) Expected credit losses on debt securities at FVOCI are not separately recognized on the balance sheet as the related securities are recorded at fair value. The cumulative amount of credit losses recognized in income is presented in Other components of equity. (2) Reflects changes in the allowance for purchased credit impaired securities. Allowance for credit losses – securities at amortized cost For the three months ended July 31, 2023 July 31, 2022 Performing Impaired Performing Impaired (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Balance at beginning of period $ 9 $ 13 $ – $ 22 $ 9 $ 16 $ – $ 25 Provision for credit losses Transfers to stage 1 – – – – – – – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 3 – – 3 1 – – 1 Sales and maturities – – – – – – – – Changes in risk, parameters and exposures (1 ) 2 – 1 (3 ) (2 ) – (5 ) Exchange rate and other (1 ) (1 ) – (2 ) – 1 – 1 Balance at end of period $ 10 $ 14 $ – $ 24 $ 7 $ 15 $ – $ 22 For the nine months ended July 31, 2023 July 31, 2022 Performing Impaired Performing Impaired (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Balance at beginning of period $ 8 $ 14 $ – $ 22 $ 5 $ 18 $ – $ 23 Provision for credit losses Model changes – – – – – – – – Transfers to stage 1 – – – – – – – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 8 – – 8 9 – – 9 Sales and maturities – – – – (1 ) – – (1 ) Changes in risk, parameters and exposures (6 ) 1 – (5 ) (6 ) (4 ) – (10 ) Exchange rate and other – (1 ) – (1 ) – 1 – 1 Balance at end of period $ 10 $ 14 $ – $ 24 $ 7 $ 15 $ – $ 22 Credit risk exposure by internal risk rating The following table presents the fair value of debt securities at FVOCI and gross carrying amount of securities at amortized cost. Risk ratings are based on internal ratings used in the measurement of expected credit losses as at the reporting date, as outlined in the internal ratings maps in the Credit risk section of our 2022 Annual Report. As at July 31, 2023 October 31, 2022 Performing Impaired Performing Impaired (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 (1) Total Investment securities Securities at FVOCI Investment grade $ 115,552 $ 1 $ – $ 115,553 $ 91,177 $ 56 $ – $ 91,233 Non-investment grade 688 – – 688 680 – – 680 Impaired – – 141 141 – – 150 150 116,240 1 141 116,382 91,857 56 150 92,063 Items not subject to impairment (2) 942 828 $ 117,324 $ 92,891 Securities at amortized cost Investment grade $ 77,572 $ – $ – $ 77,572 $ 76,035 $ – $ – $ 76,035 Non-investment grade 948 202 – 1,150 898 216 – 1,114 Impaired – – – – – – – – 78,520 202 – 78,722 76,933 216 – 77,149 Allowance for credit losses 10 14 – 24 8 14 – 22 $ 78,510 $ 188 $ – $ 78,698 $ 76,925 $ 202 $ – $ 77,127 (1) Reflects $141 million of purchased credit impaired securities (October 31, 2022 – $150 million). (2) Investment securities at FVOCI not subject to impairment represent equity securities designated as FVOCI.

Loans and allowance for credit

Loans and allowance for credit losses	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Loans and allowance for credit losses	Note 5 Loans and allowance for credit losses Allowance for credit losses For the three months ended July 31, 2023 July 31, 2022 (Millions of Canadian dollars) Balance at Provision Net write-offs Exchange Balance at Balance at Provision Net write-offs Exchange Balance at Retail Residential mortgages $ 480 $ (5 ) $ (4 ) $ (8 ) $ 463 $ 388 $ 51 $ (7 ) $ (3 ) $ 429 Personal 1,165 97 (106 ) (4 ) 1,152 943 107 (60 ) – 990 Credit cards 980 154 (117 ) – 1,017 795 128 (89 ) 1 835 Small business 225 23 (11 ) (2 ) 235 179 10 (5 ) 3 187 Wholesale 1,886 349 (117 ) (67 ) 2,051 1,541 63 (39 ) (25 ) 1,540 Customers’ liability under acceptances 41 1 – (1 ) 41 41 (12 ) – 1 30 $ 4,777 $ 619 $ (355 ) $ (82 ) $ 4,959 $ 3,887 $ 347 $ (200 ) $ (23 ) $ 4,011 Presented as: Allowance for loan losses $ 4,332 $ 4,495 $ 3,566 $ 3,667 Other liabilities – Provisions 397 416 275 309 Customers’ liability under acceptances 41 41 41 30 Other components of equity 7 7 5 5 For the nine months ended July 31, 2023 July 31, 2022 (Millions of Canadian dollars) Balance at Provision Net write-offs Exchange Balance at Balance at Provision Net write-offs Exchange Balance at Retail Residential mortgages $ 432 $ 57 $ (13 ) $ (13 ) $ 463 $ 416 $ 29 $ (19 ) $ 3 $ 429 Personal 1,043 402 (287 ) (6 ) 1,152 1,079 86 (172 ) (3 ) 990 Credit cards 893 459 (334 ) (1 ) 1,017 875 201 (243 ) 2 835 Small business 194 70 (27 ) (2 ) 235 177 18 (15 ) 7 187 Wholesale 1,574 779 (188 ) (114 ) 2,051 1,797 (171 ) (60 ) (26 ) 1,540 Customers’ liability under acceptances 45 (4 ) – – 41 75 (46 ) – 1 30 $ 4,181 $ 1,763 $ (849 ) $ (136 ) $ 4,959 $ 4,419 $ 117 $ (509 ) $ (16 ) $ 4,011 Presented as: Allowance for loan losses $ 3,753 $ 4,495 $ 4,089 $ 3,667 Other liabilities – Provisions 378 416 241 309 Customers’ liability under acceptances 45 41 75 30 Other components of equity 5 7 14 5 The following table reconciles the opening and closing allowance for each major product of loans and commitments as determined by our modelled, scenario-weighted allowance and the application of expert credit judgment as applicable. Reconciling items include the following: • Transfers between stages, which are presumed to occur before any corresponding remeasurements of the allowance. • Originations, which reflect the allowance related to assets newly recognized during the period, including those assets that were derecognized following a modification of terms. • Maturities, which reflect the allowance related to assets derecognized during the period without a credit loss being incurred, including those assets that were derecognized following a modification of terms. • Changes in risk, parameters and exposures, which comprise the impact of changes in model inputs or assumptions, including changes in forward-looking macroeconomic conditions; partial repayments and additional draws on existing facilities; changes in the measurement following a transfer between stages; and unwinding of the time value discount due to the passage of time in stage 1 and stage 2. Allowance for credit losses – Retail and wholesale loans For the three months ended July 31, 2023 July 31, 2022 Performing Impaired Performing Impaired (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Residential mortgages Balance at beginning of period $ 238 $ 103 $ 139 $ 480 $ 184 $ 71 $ 133 $ 388 Provision for credit losses Transfers to stage 1 38 (38 ) – – 22 (17 ) (5 ) – Transfers to stage 2 (4 ) 6 (2 ) – (2 ) 3 (1 ) – Transfers to stage 3 – (4 ) 4 – – (5 ) 5 – Originations 22 – – 22 55 – – 55 Maturities (4 ) (4 ) – (8 ) (6 ) (1 ) – (7 ) Changes in risk, parameters and exposures (63 ) 29 15 (19 ) (21 ) 21 3 3 Write-offs – – (7 ) (7 ) – – (9 ) (9 ) Recoveries – – 3 3 – – 2 2 Exchange rate and other – (2 ) (6 ) (8 ) (2 ) – (1 ) (3 ) Balance at end of period $ 227 $ 90 $ 146 $ 463 $ 230 $ 72 $ 127 $ 429 Personal Balance at beginning of period $ 298 $ 747 $ 120 $ 1,165 $ 310 $ 550 $ 83 $ 943 Provision for credit losses Transfers to stage 1 177 (177 ) – – 132 (131 ) (1 ) – Transfers to stage 2 (20 ) 21 (1 ) – (30 ) 30 – – Transfers to stage 3 – (13 ) 13 – – (12 ) 12 – Originations 31 – – 31 30 – – 30 Maturities (10 ) (32 ) – (42 ) (16 ) (24 ) – (40 ) Changes in risk, parameters and exposures (182 ) 189 101 108 (133 ) 200 50 117 Write-offs – – (135 ) (135 ) – – (94 ) (94 ) Recoveries – – 29 29 – – 34 34 Exchange rate and other (2 ) 1 (3 ) (4 ) – – – – Balance at end of period $ 292 $ 736 $ 124 $ 1,152 $ 293 $ 613 $ 84 $ 990 Credit cards Balance at beginning of period $ 199 $ 781 $ – $ 980 $ 169 $ 626 $ – $ 795 Provision for credit losses Transfers to stage 1 120 (120 ) – – 99 (99 ) – – Transfers to stage 2 (31 ) 31 – – (21 ) 21 – – Transfers to stage 3 – (103 ) 103 – (1 ) (87 ) 88 – Originations 3 – – 3 1 – – 1 Maturities (3 ) (9 ) – (12 ) (1 ) (8 ) – (9 ) Changes in risk, parameters and exposures (92 ) 241 14 163 (71 ) 207 – 136 Write-offs – – (164 ) (164 ) – – (132 ) (132 ) Recoveries – – 47 47 – – 43 43 Exchange rate and other – – – – – – 1 1 Balance at end of period $ 196 $ 821 $ – $ 1,017 $ 175 $ 660 $ – $ 835 Small business Balance at beginning of period $ 76 $ 79 $ 70 $ 225 $ 77 $ 66 $ 36 $ 179 Provision for credit losses Transfers to stage 1 9 (9 ) – – 9 (9 ) – – Transfers to stage 2 (4 ) 4 – – (4 ) 4 – – Transfers to stage 3 1 (3 ) 2 – (1 ) – 1 – Originations 12 – – 12 8 – – 8 Maturities (4 ) (4 ) – (8 ) (6 ) (7 ) – (13 ) Changes in risk, parameters and exposures (13 ) 11 21 19 (8 ) 12 11 15 Write-offs – – (14 ) (14 ) – – (7 ) (7 ) Recoveries – – 3 3 – – 2 2 Exchange rate and other 1 – (3 ) (2 ) 3 3 (3 ) 3 Balance at end of period $ 78 $ 78 $ 79 $ 235 $ 78 $ 69 $ 40 $ 187 Wholesale Balance at beginning of period $ 668 $ 632 $ 586 $ 1,886 $ 483 $ 590 $ 468 $ 1,541 Provision for credit losses Transfers to stage 1 45 (44 ) (1 ) – 66 (66 ) – – Transfers to stage 2 (28 ) 29 (1 ) – (14 ) 15 (1 ) – Transfers to stage 3 (3 ) (17 ) 20 – – (21 ) 21 – Originations 169 – – 169 165 – – 165 Maturities (129 ) (76 ) – (205 ) (103 ) (68 ) – (171 ) Changes in risk, parameters and exposures (34 ) 208 211 385 (48 ) 130 (13 ) 69 Write-offs – – (126 ) (126 ) – – (48 ) (48 ) Recoveries – – 9 9 – – 9 9 Exchange rate and other (10 ) (10 ) (47 ) (67 ) (5 ) (5 ) (15 ) (25 ) Balance at end of period $ 678 $ 722 $ 651 $ 2,051 $ 544 $ 575 $ 421 $ 1,540 For the nine months ended July 31, 2023 July 31, 2022 Performing Impaired Performing Impaired (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Residential mortgages Balance at beginning of period $ 235 $ 65 $ 132 $ 432 $ 186 $ 92 $ 138 $ 416 Provision for credit losses Transfers to stage 1 70 (70 ) – – 82 (67 ) (15 ) – Transfers to stage 2 (23 ) 31 (8 ) – (8 ) 10 (2 ) – Transfers to stage 3 (1 ) (9 ) 10 – (1 ) (20 ) 21 – Originations 65 – – 65 114 – – 114 Maturities (12 ) (6 ) – (18 ) (18 ) (5 ) – (23 ) Changes in risk, parameters and exposures (107 ) 80 37 10 (125 ) 60 3 (62 ) Write-offs – – (23 ) (23 ) – – (29 ) (29 ) Recoveries – – 10 10 – – 10 10 Exchange rate and other – (1 ) (12 ) (13 ) – 2 1 3 Balance at end of period $ 227 $ 90 $ 146 $ 463 $ 230 $ 72 $ 127 $ 429 Personal Balance at beginning of period $ 285 $ 661 $ 97 $ 1,043 $ 422 $ 569 $ 88 $ 1,079 Provision for credit losses Transfers to stage 1 474 (473 ) (1 ) – 459 (457 ) (2 ) – Transfers to stage 2 (63 ) 65 (2 ) – (91 ) 91 – – Transfers to stage 3 (1 ) (38 ) 39 – (1 ) (37 ) 38 – Originations 79 – – 79 78 – – 78 Maturities (32 ) (82 ) – (114 ) (54 ) (74 ) – (128 ) Changes in risk, parameters and exposures (450 ) 604 283 437 (520 ) 521 135 136 Write-offs – – (371 ) (371 ) – – (269 ) (269 ) Recoveries – – 84 84 – – 97 97 Exchange rate and other – (1 ) (5 ) (6 ) – – (3 ) (3 ) Balance at end of period $ 292 $ 736 $ 124 $ 1,152 $ 293 $ 613 $ 84 $ 990 Credit cards Balance at beginning of period $ 177 $ 716 $ – $ 893 $ 233 $ 642 $ – $ 875 Provision for credit losses Transfers to stage 1 409 (409 ) – – 374 (374 ) – – Transfers to stage 2 (73 ) 73 – – (72 ) 72 – – Transfers to stage 3 (1 ) (295 ) 296 – (2 ) (238 ) 240 – Originations 10 – – 10 7 – – 7 Maturities (5 ) (24 ) – (29 ) (4 ) (22 ) – (26 ) Changes in risk, parameters and exposures (320 ) 760 38 478 (362 ) 580 2 220 Write-offs – – (465 ) (465 ) – – (370 ) (370 ) Recoveries – – 131 131 – – 127 127 Exchange rate and other (1 ) – – (1 ) 1 – 1 2 Balance at end of period $ 196 $ 821 $ – $ 1,017 $ 175 $ 660 $ – $ 835 Small business Balance at beginning of period $ 73 $ 73 $ 48 $ 194 $ 88 $ 55 $ 34 $ 177 Provision for credit losses Transfers to stage 1 27 (27 ) – – 18 (18 ) – – Transfers to stage 2 (11 ) 11 – – (12 ) 12 – – Transfers to stage 3 – (7 ) 7 – (1 ) (2 ) 3 – Originations 28 – – 28 25 – – 25 Maturities (11 ) (14 ) – (25 ) (17 ) (19 ) – (36 ) Changes in risk, parameters and exposures (31 ) 39 59 67 (31 ) 36 24 29 Write-offs – – (35 ) (35 ) – – (22 ) (22 ) Recoveries – – 8 8 – – 7 7 Exchange rate and other 3 3 (8 ) (2 ) 8 5 (6 ) 7 Balance at end of period $ 78 $ 78 $ 79 $ 235 $ 78 $ 69 $ 40 $ 187 Wholesale Balance at beginning of period $ 597 $ 585 $ 392 $ 1,574 $ 566 $ 794 $ 437 $ 1,797 Provision for credit losses Transfers to stage 1 145 (144 ) (1 ) – 334 (331 ) (3 ) – Transfers to stage 2 (63 ) 65 (2 ) – (55 ) 56 (1 ) – Transfers to stage 3 (7 ) (44 ) 51 – (2 ) (48 ) 50 – Originations 481 – – 481 448 – – 448 Maturities (345 ) (205 ) – (550 ) (301 ) (259 ) – (560 ) Changes in risk, parameters and exposures (120 ) 477 491 848 (444 ) 354 31 (59 ) Write-offs – – (212 ) (212 ) – – (97 ) (97 ) Recoveries – – 24 24 – – 37 37 Exchange rate and other (10 ) (12 ) (92 ) (114 ) (2 ) 9 (33 ) (26 ) Balance at end of period $ 678 $ 722 $ 651 $ 2,051 $ 544 $ 575 $ 421 $ 1,540 Key inputs and assumptions The following provides an update on the key inputs and assumptions used in the measurement of expected credit losses. For further details, refer to Note 2 and Note 5 of our audited 2022 Annual Consolidated Financial Statements. Our base scenario reflects rising unemployment rates, high but declining inflation, and high central bank policy interest rates, which result in mild recessions in Canada and the U.S. in calendar 2023. Expectations are that there will be no further increases in central bank interest rates, in Canada and the U.S. Our base scenario also reflects a favourable Canadian housing price outlook and commercial real estate price declines in the near term. Downside scenarios, including two additional and more severe downside scenarios designed for the energy and real estate sectors, reflect the possibility of a more severe macroeconomic shock beginning in calendar Q4 2023 relative to our base scenario. In these scenarios, conditions are expected to deteriorate from calendar Q3 2023 levels for up to 18 months, followed by a recovery for the remainder of the period. These scenarios assume monetary policy responses that return the economy to a long-run, sustainable growth rate within the forecast period. The possibility of a deeper recession and a more prolonged recovery as compared to our base scenario, including further monetary policy responses to elevated inflation rates which may increase credit risk, is reflected in our general downside scenario. The upside scenario reflects slightly stronger economic growth than the base scenario, without prompting a further offsetting monetary policy response as compared to our base scenario, followed by a return to a long-run sustainable growth rate within the forecast period. We increased weight to our downside scenarios relative to April 30, 2023 in order to reflect elevated uncertainty over interest rate expectations and an increased likelihood of more severe recessions as reflected in our downside scenarios relative to the mild recession in our base scenario. The following provides additional detail about our calendar quarter forecasts for certain key macroeconomic variables used in the models to estimate the allowance for credit losses: • Unemployment rates In our base forecast, calendar Q3 2023 unemployment rates are expected to rise to 5.4% in Canada and 3.9% in the U.S., • Gross Domestic Product (GDP ) Q4 and 0.2% the , . • Oil price (West Texas Intermediate in US$) • Canadian housing price index Credit risk exposure by internal risk rating The following table presents the gross carrying amount of loans measured at amortized cost, and the full contractual amount of undrawn loan commitments subject to the impairment requirements of IFRS 9 Financial Instruments . Risk ratings are based on internal ratings used in the measurement of expected credit losses as at the reporting date, as outlined in the internal ratings maps for Wholesale and Retail facilities in the Credit risk section of our 2022 Annual Report. As at July 31, 2023 October 31, 2022 (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Retail Loans outstanding – Residential mortgages Low risk $ 345,290 $ 3,861 $ – $ 349,151 $ 340,716 $ 2,573 $ – $ 343,289 Medium risk 18,059 1,734 – 19,793 15,035 1,932 – 16,967 High risk 1,523 4,437 – 5,960 1,188 3,125 – 4,313 Not rated (1) 52,291 1,137 – 53,428 51,915 1,304 – 53,219 Impaired – – 619 619 – – 560 560 417,163 11,169 619 428,951 408,854 8,934 560 418,348 Items not subject to impairment (2) 472 448 Total $ 429,423 $ 418,796 Loans outstanding – Personal Low risk $ 73,973 $ 2,459 $ – $ 76,432 $ 73,339 $ 2,575 $ – $ 75,914 Medium risk 4,833 3,150 – 7,983 5,482 3,780 – 9,262 High risk 450 1,988 – 2,438 836 1,660 – 2,496 Not rated (1) 9,008 131 – 9,139 9,733 104 – 9,837 Impaired – – 245 245 – – 200 200 Total $ 88,264 $ 7,728 $ 245 $ 96,237 $ 89,390 $ 8,119 $ 200 $ 97,709 Loans outstanding – Credit cards Low risk $ 16,104 $ 122 $ – $ 16,226 $ 15,088 $ 83 $ – $ 15,171 Medium risk 1,683 1,991 – 3,674 1,418 1,911 – 3,329 High risk 40 1,577 – 1,617 39 1,255 – 1,294 Not rated (1) 762 33 – 795 751 32 – 783 Total $ 18,589 $ 3,723 $ – $ 22,312 $ 17,296 $ 3,281 $ – $ 20,577 Loans outstanding – Small business Low risk $ 8,522 $ 924 $ – $ 9,446 $ 8,571 $ 838 $ – $ 9,409 Medium risk 1,949 988 – 2,937 1,512 1,130 – 2,642 High risk 94 523 – 617 102 375 – 477 Not rated (1) 8 – – 8 3 – – 3 Impaired – – 232 232 – – 138 138 Total $ 10,573 $ 2,435 $ 232 $ 13,240 $ 10,188 $ 2,343 $ 138 $ 12,669 Undrawn loan commitments – Retail Low risk $ 261,434 $ 1,318 $ – $ 262,752 $ 247,620 $ 1,041 $ – $ 248,661 Medium risk 10,529 293 – 10,822 9,021 246 – 9,267 High risk 886 401 – 1,287 876 367 – 1,243 Not rated (1) 6,408 129 – 6,537 5,668 118 – 5,786 Total $ 279,257 $ 2,141 $ – $ 281,398 $ 263,185 $ 1,772 $ – $ 264,957 Wholesale – Loans outstanding Investment grade $ 88,108 $ 586 $ – $ 88,694 $ 88,513 $ 202 $ – $ 88,715 Non-investment grade 150,845 18,531 – 169,376 145,908 15,758 – 161,666 Not rated (1) 9,547 272 – 9,819 11,789 360 – 12,149 Impaired – – 2,188 2,188 – – 1,301 1,301 248,500 19,389 2,188 270,077 246,210 16,320 1,301 263,831 Items not subject to impairment (2) 8,920 10,136 Total $ 278,997 $ 273,967 Undrawn loan commitments – Wholesale Investment grade $ 301,814 $ 225 $ – $ 302,039 $ 284,481 $ 179 $ – $ 284,660 Non-investment grade 124,422 12,251 – 136,673 126,225 10,657 – 136,882 Not rated (1) 4,190 – – 4,190 3,692 1 – 3,693 Total $ 430,426 $ 12,476 $ – $ 442,902 $ 414,398 $ 10,837 $ – $ 425,235 (1) In certain cases where an internal risk rating is not assigned, we use other approved credit risk assessment or rating methodologies, policies and tools to manage our credit risk. (2) Items not subject to impairment are loans held at FVTPL. Loans past due but not impaired (1), (2) As at July 31, 2023 October 31, 2022 (Millions of Canadian dollars) 30 to 89 days 90 days Total 30 to 89 days 90 days Total Retail $ 1,643 $ 167 $ 1,810 $ 1,328 $ 168 $ 1,496 Wholesale 1,062 63 1,125 1,279 2 1,281 $ 2,705 $ 230 $ 2,935 $ 2,607 $ 170 $ 2,777 (1) Excludes loans less than 30 days past due as they are not generally representative of the borrowers’ ability to meet their payment obligations. (2) Amounts presented may include loans past due as a result of administrative processes, such as mortgage loans on which payments are restrained pending payout due to sale or refinancing, which can fluctuate based on business volumes. Past due loans arising from administrative processes are not representative of the borrowers’ ability to meet their payment obligations.

Significant acquisition and dis

Significant acquisition and disposition	9 Months Ended
	Jul. 31, 2023
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Significant acquisition and disposition	Note 6 Significant acquisition and disposition Acquisition HSBC Bank Canada On November 29, 2022, we entered into an agreement to acquire 100% of the common shares of HSBC Bank Canada (HSBC Canada) for an all-cash purchase price of $13.5 billion. In addition, we will purchase all of the existing preferred share s an The transaction is expected to close in the first calendar quarter of 2024 and is subject to the satisfaction of customary closing conditions, including regulatory approvals. The results of the acquired business will be consolidated from the date of close. Disposition Wealth Management On July 3, 2023, we completed the previously announced sale of the European asset servicing activities of RBC Investor Services ® The completion of the sale of the business of the U . .

Deposits

Deposits	9 Months Ended
	Jul. 31, 2023
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Deposits	Note 7 Deposits As at July 31, 2023 October 31, 2022 (Millions of Canadian dollars) Demand Notice Term Total Demand (1) Notice (2) Term (3) Total Personal $ 188,600 $ 56,910 $ 188,537 $ 434,047 $ 203,645 $ 64,743 $ 136,544 $ 404,932 Business and government 307,865 16,864 412,001 736,730 348,004 17,855 394,011 759,870 Bank 8,309 893 35,692 44,894 10,458 490 33,064 44,012 $ 504,774 $ 74,667 $ 636,230 $ 1,215,671 $ 562,107 $ 83,088 $ 563,619 $ 1,208,814 Non-interest-bearing (4) Canada $ 134,054 $ 6,535 $ 182 $ 140,771 $ 149,737 $ 7,797 $ 466 $ 158,000 United States 39,060 – – 39,060 52,702 – – 52,702 Europe (5) 131 – – 131 620 – – 620 Other International 7,177 – – 7,177 7,840 – – 7,840 Interest-bearing (4) Canada 298,923 15,090 478,242 792,255 305,779 17,982 409,586 733,347 United States 14,751 52,593 85,048 152,392 11,410 57,055 85,111 153,576 Europe (5) 5,244 359 54,012 59,615 28,276 254 52,144 80,674 Other International 5,434 90 18,746 24,270 5,743 – 16,312 22,055 $ 504,774 $ 74,667 $ 636,230 $ 1,215,671 $ 562,107 $ 83,088 $ 563,619 $ 1,208,814 (1) Demand deposits are deposits for which we do not have the right to require notice of withdrawal, which include both savings and chequing accounts. (2) Notice deposits are deposits for which we can legally require notice of withdrawal. These deposits are primarily savings accounts. (3) Term deposits are deposits payable on a fixed date, and include term deposits, guaranteed investment certificates and similar instruments. (4) The geographical splits of the deposits are based on the point of origin of the deposits and where the revenue is recognized. As at July 31, 2023, deposits denominated in U.S. dollars, British pounds, Euro and other foreign currencies were $439 billion, $36 billion, $48 billion and $31 billion, respectively (October 31, 2022 – $465 billion, $35 billion, $50 billion and $30 billion, respectively). (5) Europe includes the United Kingdom, the Channel Islands, France and Luxembourg. Contractual maturities of term deposits As at (Millions of Canadian dollars) July 31 2023 October 31 2022 Within 1 year: less than 3 months $ 188,346 $ 159,602 3 to 6 months 79,326 61,996 6 to 12 months 135,725 156,531 1 to 2 years 68,666 49,225 2 to 3 years 47,961 42,809 3 to 4 years 35,921 27,609 4 to 5 years 37,649 33,835 Over 5 years 42,636 32,012 $ 636,230 $ 563,619 Aggregate amount of term deposits in denominations of one hundred thousa nd $ 583,000 $ 521,000

Employee benefits - Pension and

Employee benefits - Pension and other post-employment benefits	9 Months Ended
	Jul. 31, 2023
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Employee benefits - Pension and other post-employment benefits	Note 8 Employee benefits – Pension and other post-employment benefits We offer a number of defined benefit and defined contribution plans which provide pension and post-employment benefits to eligible employees. The following tables present the composition of our pension and other post-employment benefit expense and the effects of remeasurements recorded in OCI: Pension and other post-employment benefit expense For the three months ended Pension plans Other post-employment benefit plans (Millions of Canadian dollars) July 31 2023 July 31 2022 July 31 2023 July 31 2022 Current service costs $ 48 $ 77 $ 8 $ 11 Past service costs – – – – Net interest expense (income) (40 ) (21 ) 19 16 Remeasurements of other long-term benefits – – (1 ) (10 ) Administrative expense 3 3 – – Defined benefit pension expense 11 59 26 17 Defined contribution pension expense 84 58 – – $ 95 $ 117 $ 26 $ 17 For the nine months ended Pension plans Other post-employment benefit plans (Millions of Canadian dollars) July 31 2023 July 31 2022 July 31 2023 July 31 2022 Current service costs $ 146 $ 232 $ 24 $ 28 Past service costs – (1 ) – 2 Net interest expense (income) (121 ) (63 ) 58 47 Remeasurements of other long-term benefits – – 2 (23 ) Administrative expense 9 10 – – Defined benefit pension expense 34 178 84 54 Defined contribution pension expense 245 188 – – $ 279 $ 366 $ 84 $ 54 Pension and other post-employment benefit remeasurements (1) For the three months ended Defined benefit pension plans Other post-employment benefit plans (Millions of Canadian dollars) July 31 2023 July 31 2022 July 31 2023 July 31 2022 Actuarial (gains) losses: Changes in financial assumptions (2) $ (483 ) $ 81 $ (45 ) $ 16 Experience adjustments 1 – – (1 ) Return on plan assets (excluding interest based on discoun t r 313 338 – – $ (169 ) $ 419 $ (45 ) $ 15 For the nine months ended Defined benefit pension plans Other post-employment benefit plans (Millions of Canadian dollars) July 31 2023 July 31 2022 July 31 2023 July 31 2022 Actuarial (gains) losses: Changes in financial assumptions (2) $ 421 $ (2,917 ) $ 45 $ (241 ) Experience adjustments 1 1 (2 ) (4 ) Return on plan assets (excluding interest based on discount rate) (248 ) 2,180 – – $ 174 $ (736 ) $ 43 $ (245 ) (1) Market based assumptions, including Changes in financial assumptions and Return on plan assets, are reviewed on a quarterly basis. All other assumptions are updated during our annual review of plan assumptions. (2) Changes in financial assumptions in our defined benefit pension plans primarily relate to changes in discount rates.

Income taxes

Income taxes	9 Months Ended
	Jul. 31, 2023
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Income taxes	Note 9 Income taxes On December 15, 2022, Bill C-32, Fall Economic Statement Implementation Act, 2022 (the Bill), tabled by the Government of Canada, received royal assent. The Bill amends the Income Tax Act (Canada) to implement a Canada Recovery Dividend (CRD) and a permanent increase in the Canadian corporate tax rate on banks and life insurer groups. The CRD is a one-time 15% tax for 2022 determined based on the average taxable income above $1 billion for taxation years 2020 and 2021 and payable in equal installments over five years. The CRD resulted in an increase in income taxes of $1.2 billion for the three months ended January 31, 2023, of which $1 billion was recognized in net income and $0.2 billion was recognized in other comprehensive income. The permanent increase in the Canadian corporate tax rate is 1.5% on taxable income above $100 million and applies to taxation years that end after April 7, 2022, resulting in an increase in the Canadian statutory tax rate from 26.2% to 27.7% for the year ending October 31, 2023. Tax examinations and assessments During the third quarter of 2023, we received proposal letters (the Proposals) from the Canada Revenue Agency (CRA), in respect of the 2018 taxation year, which suggest that Royal Bank of Canada owes additional taxes of approximately $228 million as the CRA

Significant capital and funding

Significant capital and funding transactions	9 Months Ended
	Jul. 31, 2023
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Significant capital and funding transactions	Note 10 Significant capital and funding transactions Subordinated debentures On January 31, 2023, we issued $1,500 million of non-viability contingent capital (NVCC) subordinated debentures. The notes bear interest at a fixed rate of 5.01% per annum until February 1, 2028, and at the Daily Compounded Canadian Overnight Repo Rate Average plus 2.12% thereafter until their maturity on February 1, 2033. On June 8, 2023, all $110 million of outstanding 9.30% subordinated debentures matured. The principal plus accrued interest were paid to the noteholders on the maturity date. Common shares issued For the three months ended July 31, 2023 July 31, 2022 (Millions of Canadian dollars, except number of shares) Number of Amount Number of Amount Issued in connection with share-based compensation plans (1) 174 $ 16 100 $ 8 Issued in connection with dividend reinvestment plan (2) 5,355 670 – – Purchased for cancellation (3) – – (10,445 ) (129 ) 5,529 $ 686 (10,345 ) $ (121 ) For the nine months ended July 31, 2023 July 31, 2022 (Millions of Canadian dollars, except number of shares) Number of Amount Number of Amount Issued in connection with share-based compensation plans (1) 678 $ 61 612 $ 50 Issued in connection with dividend reinvestment plan (2) 9,959 1,291 – – Purchased for cancellation (3) – – (33,016 ) (411 ) 10,637 $ 1,352 (32,404 ) $ (361 ) (1) Amounts include cash received for stock options exercised during the period and the fair value adjustment to stock options. (2) The requirements of our dividend reinvestment plan (DRIP) are satisfied through either open market share purchases or shares issued from treasury. During the three months ended July 31, 2023 our DRIP requirements were satisfied through shares issued from treasury. During the nine months ended July 31, 2023 our DRIP requirements were satisfied through open market share purchases in the first three months and through shares issued from treasury in the last six months. During the three and nine months ended July 31, 2022 our DRIP requirements were satisfied through open market share purchases. (3) During the three and nine months ended July 31, 2023, we did not purchase for cancellation any common shares. During the three months ended July 31, 2022, we purchased for cancellation common shares at a total fair value of $1,338 million (average cost of $128.20 per share), with a book value of $129 million (book value of $12.47 per share). During the nine months ended July 31, 2022, we purchased for cancellation common shares at a total fair value of $4,444 million (average cost of $134.60 per share), with a book value of $411 million (book value of $12.46 per share).

Earnings per share

Earnings per share	9 Months Ended
	Jul. 31, 2023
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Earnings per share	Note 11 Earnings per share For the three months ended For the nine months ended (Millions of Canadian dollars, except share and per share amounts) July 31 2023 July 31 2022 July 31 2023 July 31 2022 Basic earnings per share Net income $ 3,872 $ 3,577 $ 10,735 $ 11,925 Dividends on preferred shares and distributions on other equity instruments (58 ) (58 ) (169 ) (180 ) Net income attributable to non-controlling interests (2 ) (2 ) (5 ) (7 ) Net income available to common shareholders $ 3,812 $ 3,517 $ 10,561 $ 11,738 Weighted average number of common shares (in thousands) 1,393,515 1,396,381 1,388,217 1,409,292 Basic earnings per share (in dollars) $ 2.74 $ 2.52 $ 7.61 $ 8.33 Diluted earnings per share Net income available to common shareholders $ 3,812 $ 3,517 $ 10,561 $ 11,738 Weighted average number of common shares (in thousands) 1,393,515 1,396,381 1,388,217 1,409,292 Stock options (1) 1,398 1,680 1,614 2,039 Issuable under other share-based compensation plans 26 606 26 603 Average number of diluted common shares (in thousands) 1,394,939 1,398,667 1,389,857 1,411,934 Diluted earnings per share (in dollars) $ 2.73 $ 2.51 $ 7.60 $ 8.31 (1) The dilutive effect of stock options was calculated using the treasury stock method. When the exercise price of options outstanding is greater than the average market price of our common shares, the options are excluded from the calculation of diluted earnings per share. For the three months ended July 31, 2023, an average of 2,244,505 outstanding options with an average exercise price of $130.78 were excluded from the calculation of diluted earnings per share. For the three months ended July 31, 2022, an average of 1,181,140 outstanding options with an average exercise price of $129.99 were excluded from the calculation of diluted earnings per share. For the nine months ended July 31, 2023, an average of 917,036 outstanding options with an average exercise price of $131.64 were excluded from the calculation of diluted earnings per share. For the nine months ended July 31, 2022, no outstanding options were excluded from the calculation of diluted earnings per share.

Legal and regulatory matters

Legal and regulatory matters	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Legal and regulatory matters	Note 12 Legal and regulatory matters We are a large global institution that is subject to many different complex legal and regulatory requirements that continue to evolve. We are and have been subject to a variety of legal proceedings, including civil claims and lawsuits, regulatory examinations, investigations, audits and requests for information by various governmental regulatory agencies and law enforcement authorities in various jurisdictions. Some of these matters may involve novel legal theories and interpretations and may be advanced under criminal as well as civil statutes, and some proceedings could result in the imposition of civil, regulatory enforcement or criminal penalties. We review the status of all proceedings on an ongoing basis and will exercise judgment in resolving them in such manner as we believe to be in our best interest. In many proceedings, it is inherently Our significant legal proceeding and regulatory matters are described in Note 25 of our audited 2022 Annual Consolidated Financial Statements and as updated below. Vacation pay class action On December 29, 2022, the Ontario Superior Court of Justice certified a class in an action against RBC Dominion Securities Limited and RBC Dominion Securities Inc. (together, RBC DS). The action commenced in July 2020, asserting claims relating to statutory vacation pay and public holiday pay for investment advisors, associates and assistants in our Canadian Wealth Management business, with the exception of those employed in Alberta and British Columbia. On January 13, 2023, RBC DS served a notice of motion for leave to appeal the court’s certification decision. Based on the facts currently known, it is not possible at this time to predict the ultimate outcome of these proceedings or the timing of their resolution. Foreign exchange matters On March 29, 2023, the parties executed a settlement agreement resolving all claims in both the U.S. Opt Out Action and the U.K. action, and in May 2023 these actions were dismissed. London interbank offered rate (LIBOR) litigation On July 21, 2023, Royal Bank of Canada and several other defendants executed a settlement agreement resolving one of the LIBOR class actions brought on behalf of certain plaintiffs that purchased U.S. dollar LIBOR-based instruments. The settlement was preliminarily approved on August 1, 2023 and remains subject to final court approval. U.K. Competition and Markets Authority investigation and U.K. Government Bonds litigation Royal Bank of Canada and RBC Europe Limited are engaging with the U.K. Competition and Markets Authority (CMA) in respect of an investigation involving alleged anti-competitive conduct in relation to U.K. government bonds and related derivatives between 2009 and 2013. In May 2023, the CMA issued a statement of objections to Royal Bank of Canada and RBC Europe Limited, and certain other financial institutions. Royal Bank of Canada and RBC Europe Limited In June 2023, RBC Europe Limited and RBC Capital Markets, LLC, among other financial institutions, were named as defendants in a putative class action filed in the U.S. by plaintiffs alleging anti-competitive conduct in the U.K. government bonds market. The outcome and resulting financial impact of these matters is unknown and not reliably estimable.

Results by business segment

Results by business segment	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Results by business segment	Note 13 Results by business segment Composition of business segments For management purposes, based on the products and services offered, we are organized into four business segments: Personal & Commercial Banking, Wealth Management, Insurance and Capital Markets. Effective the first quarter of 2023, we simplified our reporting structure by eliminating the Investor & Treasury Services segment and moving its former businesses to existing segments. We moved our Investor Services business to our Wealth Management segment, and our Treasury Services and Transaction Banking businesses to our Capital Markets segment. From a reporting perspective, there were no changes to our Personal & Commercial Banking and Insurance segments. Comparative results have been revised to conform to our new basis of segment presentation. For the three months ended July 31, 2023 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income (2) $ 4,062 $ 1,007 $ – $ 891 $ 326 $ 6,286 Non-interest 1,501 3,411 1,848 1,772 (329 ) 8,203 Total revenue 5,563 4,418 1,848 2,663 (3 ) 14,489 Provision for credit losses 305 102 – 209 – 616 Insurance policyholder benefits, claims and acquisition expense – – 1,379 – – 1,379 Non-interest 2,319 3,498 165 1,620 259 7,861 Income (loss) before income taxes 2,939 818 304 834 (262 ) 4,633 Income taxes (recoveries) 805 144 77 (104 ) (161 ) 761 Net income $ 2,134 $ 674 $ 227 $ 938 $ (101 ) $ 3,872 Non-interest Depreciation and amortization $ 240 $ 312 $ 15 $ 126 $ – $ 693 For the three months ended July 31, 2022 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income (2) $ 3,655 $ 1,051 $ – $ 1,233 $ (49 ) $ 5,890 Non-interest 1,527 2,971 1,233 631 (120 ) 6,242 Total revenue 5,182 4,022 1,233 1,864 (169 ) 12,132 Provision for credit losses 324 14 – 2 – 340 Insurance policyholder benefits, claims and acquisition expense – – 850 – – 850 Non-interest 2,130 2,929 139 1,186 2 6,386 Income (loss) before income taxes 2,728 1,079 244 676 (171 ) 4,556 Income taxes (recoveries) 705 258 58 77 (119 ) 979 Net income $ 2,023 $ 821 $ 186 $ 599 $ (52 ) $ 3,577 Non-interest Depreciation and amortization $ 239 $ 271 $ 14 $ 129 $ 3 $ 656 For the nine months ended July 31, 2023 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income (2) $ 11,886 $ 3,328 $ – $ 2,579 $ 794 $ 18,587 Non-interest 4,516 10,099 5,086 5,837 (1,022 ) 24,516 Total revenue 16,402 13,427 5,086 8,416 (228 ) 43,103 Provision for credit losses 1,128 196 – 424 – 1,748 Insurance policyholder benefits, claims and acquisition expense – – 3,930 – – 3,930 Non-interest 6,805 10,379 480 4,831 535 23,030 Income (loss) before income taxes 8,469 2,852 676 3,161 (763 ) 14,395 Income taxes (recoveries) 2,294 588 162 61 555 3,660 Net income $ 6,175 $ 2,264 $ 514 $ 3,100 $ (1,318 ) $ 10,735 Non-interest Depreciation and amortization $ 721 $ 925 $ 43 $ 381 $ – $ 2,070 For the nine months ended July 31, 2022 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income (2) $ 10,118 $ 2,782 $ – $ 3,760 $ (225 ) $ 16,435 Non-interest 4,606 9,259 2,866 3,599 (347 ) 19,983 Total revenue 14,724 12,041 2,866 7,359 (572 ) 36,418 Provision for credit losses 177 (29 ) – (46 ) 1 103 Insurance policyholder benefits, claims and acquisition expense – – 1,667 – – 1,667 Non-interest 6,167 8,844 431 4,136 (178 ) 19,400 Income (loss) before income taxes 8,380 3,226 768 3,269 (395 ) 15,248 Income taxes (recoveries) 2,149 775 179 691 (471 ) 3,323 Net income $ 6,231 $ 2,451 $ 589 $ 2,578 $ 76 $ 11,925 Non-interest Depreciation and amortization $ 704 $ 820 $ 43 $ 382 $ 7 $ 1,956 (1) Taxable equivalent basis. (2) Interest revenue is reported net of interest expense as we rely primarily on net interest income as a performance measure. (3) Amounts have been revised from those previously presented to conform to our new basis of segment presentation. Total assets and total liabilities by business segment As at July 31, 2023 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Markets Corporate Total Total assets $ 624,943 $ 180,674 $ 24,680 $ 1,065,952 $ 61,485 $ 1,957,734 Total liabilities 624,851 180,529 25,332 1,066,223 (51,630 ) 1,845,305 As at October 31, 2022 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Total assets $ 602,824 $ 206,466 $ 21,918 $ 1,025,892 $ 60,119 $ 1,917,219 Total liabilities 602,741 206,415 22,588 1,025,603 (48,303 ) 1,809,044 (1) Amounts have been revised from those previously presented to conform to our new basis of segment presentation.

Capital management

Capital management	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Capital management	Note 14 Capital management Regulatory capital and capital ratios OSFI formally establishes risk-based capital and leverage minimums and Total Loss Absorbing Capacity (TLAC) ratios for deposit-taking institutions in Canada. During the third As at (Millions of Canadian dollars, except percentage amounts and as otherwise noted) July 31 2023 October 31 2022 Capital (1) CET1 capital $ 82,892 $ 76,945 Tier 1 capital 90,193 84,242 Total capital 101,072 93,850 Risk-weighted assets (RWA) used in calculation of capital ratios (1) Credit risk $ 470,732 $ 496,898 Market risk 37,426 35,342 Operational risk 77,741 77,639 Total RWA $ 585,899 $ 609,879 Capital ratios and Leverage ratio (1) CET1 ratio 14.1% 12.6% Tier 1 capital ratio 15.4% 13.8% Total capital ratio 17.3% 15.4% Leverage ratio 4.2% 4.4% Leverage ratio exposure (billions) $ 2,142 $ 1,898 TLAC available and ratios (2) TLAC available $ 181,035 $ 160,961 TLAC ratio 30.9% 26.4% TLAC leverage ratio 8.5% 8.5% (1) Capital, RWA, and capital ratios are calculated using OSFI’s Capital Adequacy Requirements (CAR) guideline and the Leverage ratio is calculated using OSFI’s Leverage Requirements (LR) guideline. Both the CAR guideline and LR guideline are based on the Basel III framework. The results for the period ended July 31, 2023 reflect our adoption of the revised CAR and LR guidelines that came into effect in Q2 2023 as part of OSFI’s implementation of the Basel III reforms. (2) TLAC available and TLAC ratios are calculated using OSFI’s TLAC guideline. The TLAC standard is applied at the resolution entity level which for us is deemed to be Royal Bank of Canada and its subsidiaries. A resolution entity and its subsidiaries are collectively called a resolution group. The TLAC ratio and TLAC leverage ratio are calculated using the TLAC available as percentage of total RWA and leverage exposure, respectively.

Summary of significant accoun_2

Summary of significant accounting policies, estimates and judgments (Policies)	9 Months Ended
	Jul. 31, 2023
Statement [Line Items]
Future changes in accounting policy and disclosure	Future changes in accounting policy and disclosure IFRS 17 Insurance Contracts (IFRS 17) In May 2017, the IASB issued IFRS 17 to establish a comprehensive insurance standard which provides guidance on the recognition, measurement, presentation and disclosure of insurance contracts issued and reinsurance contracts held and will replace the existing IFRS 4 Insurance Contracts Under IFRS 17, insurance contracts are contracts under which we accept significant insurance risk from a policyholder by agreeing to compensate the policyholder if a specified uncertain future event adversely affects the policyholder. Embedded derivatives, investment components and promises to provide non-insurance services, provided specific criteria are met, are separated from the measurement of insurance and reinsurance contracts. Insurance and reinsurance contracts are aggregated into portfolios that are subject to similar risks and are managed together, and then divided into groups based on the period of issuance and profitability. Groups are separately recognized and measured using one of three measurement models depending on the characteristics of the contracts: • For insurance contracts with direct participating features, the contracts are measured using the variable fee approach (VFA). • For insurance contracts and reinsurance contracts held with a short duration of one year or less, the premium allocation approach (PAA) may be elected. • The general measurement method (GMM) is applied to all remaining contracts. Under the GMM and VFA, the liabilities for remaining coverage and incurred claims for groups of contracts are measured as the sum of the fulfilment cash flows and the contractual service margin (CSM), which are recalculated at the end of each reporting period. The fulfilment cash flows consist of the present value of future cash flows and a risk adjustment for non-financial risk. For insurance contracts, the CSM represents the unearned profit for providing insurance coverage. For reinsurance contracts held, the CSM represents the net cost or net gain of purchasing reinsurance. Under the PAA, the liability for remaining coverage for each group is measured as the premiums received less insurance revenue recognized for services provided, while the liability for incurred claims is measured as the fulfillment cash flows for incurred claims plus adjustment on any financing components. Losses from the recognition of onerous groups of insurance contracts, regardless of the measurement model applied, are recognized in the Consolidated Statements of Income immediately. The following are key differences between IFRS 17 and IFRS 4: • New business profits are deferred and measured as the CSM component of the insurance contract liabilities and amortized into income as insurance contract services are provided, while losses are recognized into income immediately. Under IFRS 4, gains and losses are recognized in income immediately. On July 18, 2023, OSFI released regulatory guidance to allow the inclusion of the CSM in calculating CET1 capital and related ratios, and therefore, we expect no impact on the capital metrics from such reduction in retained earnings resulting from the CSM. • Discount rates used in calculating the present value of insurance contract liabilities are based on the characteristics of the insurance contracts unlike IFRS 4 which is based on the assets supporting the liabilities. • Presentation and disclosure changes are expected due to the new requirements. The overall impact of establishing the CSM, as well as other measurement impacts on our assets and liabilities, is expected to result in a reduction to retained earnings on adoption of IFRS 17. While IFRS 17 impacts the timing of profit recognition of insurance contracts, it will have no impact on total profit recognized over the lifetime of these contracts. Transition Upon the adoption of IFRS 17, we will apply IFRS 17 retrospectively by adjusting our Consolidated Balance Sheets as at November 1, 2022 and restating the comparative information as at and for the year ended October 31, 2023. The full retrospective approach will be applied for all insurance and reinsurance contracts unless it is impracticable to do so. When impracticable, the fair value approach will be applied, which calculates the CSM or loss component of the liability for remaining coverage as the difference between the fair value of a group of contracts and the fulfillment cash flows measured at the date of transition. As permitted by IFRS 17, we also expect to change the classification and measurement of certain eligible financial assets held in respect of an activity that relates to insurance contracts upon the adoption of IFRS 17. We will apply these changes retrospectively by adjusting our Consolidated Balance Sheets as at November 1, 2023, the date of the initial application of IFRS 17, with no restatement of comparative information. The quantification of the transition impacts is in progress, and we expect to provide an estimate in our 2023 Annual Report. Interest Rate Benchmark Reform As part of the interest rate benchmark reform, the publication of all remaining USD London Interbank Offered Rate (LIBOR) settings ceased on June 30, 2023. As at July 31, 2023, and consistent with our transition plan, our exposure to financial instruments referencing USD LIBOR is no longer material to our Condensed Financial Statements.

Fair value of financial instr_2

Fair value of financial instruments (Tables)	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Summary of Comparison of Carrying and Fair Values for Each Classification of Financial Instrument	As at July 31, 2023 Carrying value and fair value Carrying value Fair value (Millions of Canadian dollars) Financial Financial Financial Financial Financial Financial Total carrying Total fair value Financial assets Interest-bearing deposits with banks $ – $ 81,356 $ – $ – $ 6,294 $ 6,294 $ 87,650 $ 87,650 Securities Trading 165,913 10,690 – – – – 176,603 176,603 Investment, net of applicable allowance – – 116,382 942 78,698 72,692 196,022 190,016 165,913 10,690 116,382 942 78,698 72,692 372,625 366,619 Assets purchased under reverse repurchase agreements and securities borrowed 296,430 – – – 50,721 50,721 347,151 347,151 Loans, net of applicable allowance Retail 94 378 277 – 557,876 534,243 558,625 534,992 Wholesale 5,851 3,069 571 – 267,598 261,382 277,089 270,873 5,945 3,447 848 – 825,474 795,625 835,714 805,865 Other Derivatives 115,914 – – – – – 115,914 115,914 Other assets (1) 4,365 5 – – 61,594 61,594 65,964 65,964 Financial liabilities Deposits Personal $ 309 $ 26,452 $ 407,286 $ 405,156 $ 434,047 $ 431,917 Business and government (2) 201 139,696 596,833 595,211 736,730 735,108 Bank (3) – 10,517 34,377 34,323 44,894 44,840 510 176,665 1,038,496 1,034,690 1,215,671 1,211,865 Other Obligations related to securities sold short 36,653 – – – 36,653 36,653 Obligations related to assets sold under repurchase agreements and securities loaned – 301,752 32,713 32,713 334,465 334,465 Derivatives 117,244 – – – 117,244 117,244 Other liabilities (4) (877 ) 19 89,225 89,193 88,367 88,335 Subordinated debentures – – 11,202 11,072 11,202 11,072 As at October 31, 2022 Carrying value and fair value Carrying value Fair value (Millions of Canadian dollars) Financial Financial Financial Financial Financial Financial Total carrying Total fair value Financial assets Interest-bearing deposits with banks $ – $ 84,468 $ – $ – $ 23,543 $ 23,543 $ 108,011 $ 108,011 Securities Trading 138,507 9,698 – – – – 148,205 148,205 Investment, net of applicable allowance – – 92,063 828 77,127 70,073 170,018 162,964 138,507 9,698 92,063 828 77,127 70,073 318,223 311,169 Assets purchased under reverse repurchase agreements and 264,665 – – – 53,180 53,180 317,845 317,845 Loans, net of applicable allowance Retail 73 375 218 – 546,767 521,428 547,433 522,094 Wholesale 6,914 3,222 563 – 261,833 253,816 272,532 264,515 6,987 3,597 781 – 808,600 775,244 819,965 786,609 Other Derivatives 154,439 – – – – – 154,439 154,439 Other assets (1) 3,377 – – – 73,084 73,084 76,461 76,461 Financial liabilities Deposits Personal $ 298 $ 21,959 $ 382,675 $ 380,396 $ 404,932 $ 402,653 Business and government (2) 447 152,119 607,304 605,102 759,870 757,668 Bank (3) – 7,196 36,816 36,758 44,012 43,954 745 181,274 1,026,795 1,022,256 1,208,814 1,204,275 Other Obligations related to securities sold short 35,511 – – – 35,511 35,511 Obligations related to assets sold under repurchase agreements and securities loaned – 248,835 25,112 25,112 273,947 273,947 Derivatives 153,491 – – – 153,491 153,491 Other liabilities (4) (360 ) 69 90,348 90,160 90,057 89,869 Subordinated debentures – – 10,025 9,668 10,025 9,668 (1) Includes Customers’ liability under acceptances and financial instruments recognized in Other assets. (2) Business and government deposits include deposits from regulated deposit-taking institutions other than banks. (3) Bank deposits refer to deposits from regulated banks and central banks. (4) Includes Acceptances and financial instruments recognized in Other liabilities.
Summary of Fair Value of Assets and Liabilities Measured at Fair Value on a Recurring Basis and Classified Using Fair Value Hierarchy	Fair value of assets and liabilities measured at fair value on a recurring basis and classified using the fair value hierarchy As at July 31, 2023 October 31, 2022 Fair value measurements using Netting adjustments Fair value measurements using Netting adjustments (Millions of Canadian dollars) Level 1 Level 2 Level 3 Fair value Level 1 Level 2 Level 3 Fair value Financial assets Interest-bearing deposits with banks $ – $ 81,356 $ – $ $ 81,356 $ – $ 84,468 $ – $ $ 84,468 Securities Trading Debt issued or guaranteed by: Canadian government (1) Federal 18,595 2,067 – 20,662 15,024 3,779 – 18,803 Provincial and municipal – 14,148 – 14,148 – 13,257 – 13,257 U.S. federal, state, municipal and agencies (1), (2) 3,507 48,288 – 51,795 1,254 35,570 4 36,828 Other OECD government (3) 2,919 2,790 – 5,709 1,325 3,452 – 4,777 Mortgage-backed securities (1) – 2 – 2 – 2 – 2 Asset-backed securities Non-CDO (4) – 1,239 – 1,239 – 1,308 2 1,310 Corporate debt and other debt – 22,767 – 22,767 – 21,162 7 21,169 Equities 55,847 2,255 2,179 60,281 46,592 3,593 1,874 52,059 80,868 93,556 2,179 176,603 64,195 82,123 1,887 148,205 Investment Debt issued or guaranteed by: Canadian government (1) Federal 1,175 3,659 – 4,834 1,226 2,555 – 3,781 Provincial and municipal – 2,582 – 2,582 – 2,124 – 2,124 U.S. federal, state, municipal and agencies (1) 102 62,377 – 62,479 440 43,918 – 44,358 Other OECD government – 6,417 – 6,417 – 5,144 – 5,144 Mortgage-backed securities (1) – 2,521 30 2,551 – 2,860 28 2,888 Asset-backed securities CDO – 7,618 – 7,618 – 7,524 – 7,524 Non-CDO – 432 – 432 – 524 – 524 Corporate debt and other debt – 29,328 141 29,469 – 25,569 151 25,720 Equities 37 474 431 942 36 395 397 828 1,314 115,408 602 117,324 1,702 90,613 576 92,891 Assets purchased under reverse repurchase agreements and securities borrowed – 296,430 – 296,430 – 264,665 – 264,665 Loans – 7,929 2,311 10,240 – 9,673 1,692 11,365 Other Derivatives Interest rate contracts – 35,685 237 35,922 – 39,804 263 40,067 Foreign exchange contracts – 65,792 7 65,799 – 99,424 13 99,437 Credit derivatives – 298 – 298 – 388 – 388 Other contracts 2,811 13,327 98 16,236 3,939 14,786 62 18,787 Valuation adjustments – (1,484 ) 3 (1,481 ) – (2,100 ) 45 (2,055 ) Total gross derivatives 2,811 113,618 345 116,774 3,939 152,302 383 156,624 Netting adjustments (860) (860 ) (2,185) (2,185 ) Total derivatives 115,914 154,439 Other assets 1,453 2,906 11 4,370 1,221 2,141 15 3,377 $ 86,446 $ 711,203 $ 5,448 $ (860) $ 802,237 $ 71,057 $ 685,985 $ 4,553 $ (2,185) $ 759,410 Financial liabilities Deposits Personal $ – $ 26,480 $ 281 $ $ 26,761 $ – $ 22,016 $ 241 $ $ 22,257 Business and government – 139,897 – 139,897 – 152,566 – 152,566 Bank – 10,517 – 10,517 – 7,196 – 7,196 Other Obligations related to securities sold short 15,005 21,648 – 36,653 16,383 19,128 – 35,511 Obligations related to assets sold under repurchase agreements and securities loaned – 301,752 – 301,752 – 248,835 – 248,835 Derivatives Interest rate contracts – 36,323 869 37,192 – 39,592 1,122 40,714 Foreign exchange contracts – 58,164 53 58,217 – 94,310 145 94,455 Credit derivatives – 109 – 109 – 125 – 125 Other contracts 3,408 19,256 539 23,203 3,847 16,663 847 21,357 Valuation adjustments – (609 ) (8 ) (617 ) – (967 ) (8 ) (975 ) Total gross derivatives 3,408 113,243 1,453 118,104 3,847 149,723 2,106 155,676 Netting adjustments (860) (860 ) (2,185) (2,185 ) Total derivatives 117,244 153,491 Other liabilities 400 (1,258 ) – (858 ) 341 (632 ) – (291 ) $ 18,813 $ 612,279 $ 1,734 $ (860) $ 631,966 $ 20,571 $ 598,832 $ 2,347 $ (2,185) $ 619,565 (1) As at July 31, 2023, residential and commercial mortgage-backed securities (MBS) included in all fair value levels of trading securities were $13,037 million million million (2) United States (U.S.). (3) Organisation for Economic Co-operation (4) Collateralized debt obligation s (CDO).
Changes in Fair Value Measurement for Instruments Measured on a Recurring Basis and Categorized in Level 3	Changes in fair value measurement for instruments measured on a recurring basis and categorized in Level 3 For the three months ended July 31, 2023 (Millions of Canadian dollars) Fair value Gains (losses) Gains (losses) Purchases Settlement Transfers Transfers Fair value Gains Assets Securities Trading Debt issued or guaranteed by: U.S. state, municipal and agencies $ – $ – $ – $ – $ – $ – $ – $ – $ – Asset-backed securities Non-CDO securities – – – – – – – – – Corporate debt and other debt 19 – – – (16 ) – (3 ) – – Equities 2,177 (37 ) (28 ) 70 (9 ) 6 – 2,179 (13 ) 2,196 (37 ) (28 ) 70 (25 ) 6 (3 ) 2,179 (13 ) Investment Mortgage-backed securities 27 – 3 – – – – 30 n.a. Corporate debt and other debt 150 – (9 ) – – – – 141 n.a. Equities 436 – (6 ) 1 – – – 431 n.a. 613 – (12 ) 1 – – – 602 n.a. Loans 2,410 (28 ) (58 ) 61 (71 ) 2 (5 ) 2,311 (13 ) Other Net derivative balances (3) Interest rate contracts (638 ) (14 ) 1 1 19 7 (8 ) (632 ) (8 ) Foreign exchange contracts (56 ) 3 (1 ) (9 ) 11 – 6 (46 ) 2 Other contracts (413 ) (43 ) 11 (23 ) 17 (37 ) 47 (441 ) (45 ) Valuation adjustments 16 – – – (5 ) – – 11 – Other assets 13 – – – (2 ) – – 11 – $ 4,141 $ (119 ) $ (87 ) $ 101 $ (56 ) $ (22 ) $ 37 $ 3,995 $ (77 ) Liabilities Deposits $ (250 ) $ 1 $ 1 $ (80 ) $ 13 $ (16 ) $ 50 $ (281 ) $ 5 Other Other liabilities – – – – – – – – – $ (250 ) $ 1 $ 1 $ (80 ) $ 13 $ (16 ) $ 50 $ (281 ) $ 5 For the three months ended July 31, 2022 (Millions of Canadian dollars) Fair value Gains (losses) Gains (losses) Purchases Settlement Transfers Transfers Fair value Gains Assets Securities Trading Debt issued or guaranteed by: U.S. state, municipal and agencies $ 16 $ – $ – $ – $ (6 ) $ – $ – $ 10 $ – Asset-backed securities Non-CDO securities 2 – – – – – – 2 – Corporate debt and other debt 5 – – – (2 ) 9 – 12 – Equities 1,759 (4 ) (4 ) 84 (16 ) – – 1,819 (5 ) 1,782 (4 ) (4 ) 84 (24 ) 9 – 1,843 (5 ) Investment Mortgage-backed securities 21 – 1 – – – – 22 n.a. Corporate debt and other debt 149 – 3 – – – – 152 n.a. Equities 349 – (2 ) 2 – – – 349 n.a. 519 – 2 2 – – – 523 n.a. Loans 782 4 (1 ) 136 (3 ) 9 (33 ) 894 7 Other Net derivative balances (3) Interest rate contracts (663 ) 6 – (7 ) (8 ) 15 2 (655 ) – Foreign exchange contracts 24 (13 ) (2 ) 1 (2 ) 9 10 27 (1 ) Other contracts (436 ) 10 2 (23 ) – 10 42 (395 ) 16 Valuation adjustments 28 – – (7 ) – – – 21 – Other assets 15 – – – – – – 15 – $ 2,051 $ 3 $ (3 ) $ 186 $ (37 ) $ 52 $ 21 $ 2,273 $ 17 Liabilities Deposits $ (157 ) $ 3 $ – $ (7 ) $ 6 $ (39 ) $ 13 $ (181 ) $ 5 Other Other liabilities (3 ) – – – – – – (3 ) – $ (160 ) $ 3 $ – $ (7 ) $ 6 $ (39 ) $ 13 $ (184 ) $ 5 For the nine months ended July 31, 2023 (Millions of Canadian dollars) Fair value Gains (losses) Gains (losses) Purchases Settlement Transfers Transfers Fair value Gains Assets Securities Trading Debt issued or guaranteed by: U.S. state, municipal and agencies $ 4 $ – $ – $ – $ (4 $ – $ – $ – $ – Asset-backed securities Non-CDO securities 2 – – – (2 – – – – Corporate debt and other debt 7 – – 2 (16 17 (10 – – Equities 1,874 (159 (34 491 (41 48 – 2,179 (130 1,887 (159 (34 493 (63 65 (10 2,179 (130 Investment Mortgage-backed securities 28 – 1 1 – – – 30 n.a. Corporate debt and other debt 151 – (2 – (8 – – 141 n.a. Equities 397 – 34 1 (1 – – 431 n.a. 576 – 33 2 (9 – – 602 n.a. Loans 1,692 (54 (35 1,300 (452 30 (170 2,311 – Other Net derivative balances (3) Interest rate contracts (859 ) (10 6 (7 194 30 14 (632 (9 Foreign exchange contracts (132 4 10 (8 48 – 32 (46 (2 Other contracts (785 (6 21 (61 83 (96 403 (441 (35 Valuation adjustments 53 – – – (42 – – 11 – Other assets 15 – – – (4 – – 11 – $ 2,447 $ (225 $ 1 $ 1,719 $ (245 $ 29 $ 269 $ 3,995 $ (176 Liabilities Deposits $ (241 $ (26 $ 1 $ (157 $ 19 $ (67 $ 190 $ (281 $ (8 Other Other liabilities – – – – – – – – – $ (241 $ (26 $ 1 $ (157 $ 19 $ (67 $ 190 $ (281 $ (8 ) For the nine months ended July 31, 2022 (Millions of Canadian dollars) Fair value Gains (losses) Gains (losses) Purchases Settlement Transfers Transfers Fair value Gains Assets Securities Trading Debt issued or guaranteed by: U.S. state, municipal and agencies $ 25 $ – $ 1 $ – $ (16 ) $ – $ – $ 10 $ – Asset-backed securities Non-CDO securities 2 – – – – – – 2 – Corporate debt and other debt 25 (2 ) – – (7 ) 9 (13 ) 12 – Equities 1,530 74 30 245 (61 ) 1 – 1,819 75 1,582 72 31 245 (84 ) 10 (13 ) 1,843 75 Investment Mortgage-backed securities 20 – 2 – – – – 22 n.a. Corporate debt and other debt 152 – – – – – – 152 n.a. Equities 334 – 41 10 (1 ) – (35 ) 349 n.a. 506 – 43 10 (1 ) – (35 ) 523 n.a. Loans 1,077 (9 ) (33 ) 353 (465 ) 25 (54 ) 894 (54 ) Other Net derivative balances (3) Interest rate contracts (635 ) (151 ) (2 ) 93 58 15 (33 ) (655 ) 38 Foreign exchange contracts 47 (60 ) (1 ) 22 10 9 – 27 (49 ) Other contracts (393 ) 194 (9 ) (138 ) 48 (183 ) 86 (395 ) 218 Valuation adjustments 20 – – (7 ) (11 ) 19 – 21 – Other assets – – – 15 – – – 15 – $ 2,204 $ 46 $ 29 $ 593 $ (445 ) $ (105 ) $ (49 ) $ 2,273 $ 228 Liabilities Deposits $ (151 ) $ (6 ) $ (1 ) $ (86 ) $ 23 $ (75 ) $ 115 $ (181 ) $ 10 Other Other liabilities (7 ) – – – 4 – – (3 ) – $ (158 ) $ (6 ) $ (1 ) $ (86 ) $ 27 $ (75 ) $ 115 $ (184 ) $ 10 (1) These amounts include the foreign currency translation gains or losses arising on consolidation of foreign subsidiaries relating to the Level 3 instruments, where applicable. The unrealized gains on Investment securities recognized in other comprehensive income (OCI) were $3 million (2) Other includes amortization of premiums or discounts recognized in net income. (3) Net derivatives as at July 31, 2023 included derivative assets of $345 million million n.a. not applicable
Summary of Net Interest Income From Financial Instruments	Interest and dividend income arising from financial assets and financial liabilities and the associated costs of funding are reported in Net interest income. For the three months ended For the nine months ended (Millions of Canadian dollars) July 31 2023 July 31 2022 July 31 2023 July 31 2022 Interest and dividend income (1), (2) Financial instruments measured at fair value through profit or loss $ 8,546 $ 2,879 $ 22,203 $ 5,873 Financial instruments measured at fair value through other comprehensive income 1,383 312 3,439 513 Financial instruments measured at amortized cost 12,905 7,546 36,847 19,487 22,834 10,737 62,489 25,873 Interest expense (1) Financial instruments measured at fair value through profit or loss 7,531 2,346 20,046 4,292 Financial instruments measured at amortized cost 9,017 2,501 23,856 5,146 16,548 4,847 43,902 9,438 Net interest income $ 6,286 $ 5,890 $ 18,587 $ 16,435 (1) Excludes the following amounts related to our insurance operations and included in Insurance premiums, investment and fee income in the Interim Condensed Consolidated Statements of Income: for the three months million million (2) Includes dividend income for the three months ended July 31, 2023 of $803 million

Securities (Tables)

Securities (Tables)	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Unrealized gains and losses on securities at fair value through other comprehensive income	Unrealized gains and losses on securities at FVOCI (1), (2) As at July 31, 2023 October 31, 2022 (Millions of Canadian dollars) Cost/ Gross Gross Fair value Cost/ Gross Gross Fair value Debt issued or guaranteed by: Canadian government Federal $ 5,144 $ 2 $ (312 ) $ 4,834 $ 4,081 $ 1 $ (301 ) $ 3,781 Provincial and municipal 3,117 5 (540 ) 2,582 2,685 6 (567 ) 2,124 U.S. federal, state, municipal and agencies 63,945 209 (1,675 ) 62,479 46,034 343 (2,019 ) 44,358 Other OECD government 6,419 3 (5 ) 6,417 5,154 7 (17 ) 5,144 Mortgage-backed securities 2,608 1 (58 ) 2,551 2,985 1 (98 ) 2,888 Asset-backed securities CDO 7,674 4 (60 ) 7,618 7,741 3 (220 ) 7,524 Non-CDO securities 439 2 (9 ) 432 547 – (23 ) 524 Corporate debt and other debt 29,496 47 (74 ) 29,469 25,852 51 (183 ) 25,720 Equities 627 321 (6 ) 942 551 284 (7 ) 828 $ 119,469 $ 594 $ (2,739 ) $ 117,324 $ 95,630 $ 696 $ (3,435 ) $ 92,891 (1) Excludes $78,698 million of held-to-collect securities as at July 31, 2023 that are carried at amortized cost, net of allowance for credit losses (October 31, 2022 – $77,127 million). (2) Gross unrealized gains and losses includes $(23) million of allowance for credit losses on debt securities at FVOCI as at July 31, 2023 (October 31, 2022 – $(19) million) recognized in income and Other components of equity.
Summary of Allowance for credit losses - Securities at Amortized Cost	Allowance for credit losses – securities at FVOCI (1) For the three months ended July 31, 2023 July 31, 2022 Performing Impaired Performing Impaired (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 (2) Total Balance at beginning of period $ 3 $ 2 $ (25 ) $ (20 ) $ 2 $ 2 $ (17 ) $ (13 ) Provision for credit losses Transfers to stage 1 1 (1 ) – – 1 (1 ) – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 1 – – 1 1 – – 1 Sales and maturities – (1 ) – (1 ) – – – – Changes in risk, parameters and exposures (2 ) (1 ) (2 ) (5 ) (2 ) – (2 ) (4 ) Exchange rate and other – 1 1 2 – – – – Balance at end of period $ 3 $ – $ (26 ) $ (23 ) $ 2 $ 1 $ (19 ) $ (16 ) For the nine months ended July 31, 2023 July 31, 2022 Performing Impaired Performing Impaired (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 (2) Total Balance at beginning of period $ 3 $ 1 $ (23 ) $ (19 ) $ 2 $ 1 $ (12 ) $ (9 ) Provision for credit losses Transfers to stage 1 1 (1 ) – – 1 (1 ) – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 4 – – 4 2 – – 2 Sales and maturities (1 ) (1 ) – (2 ) (1 ) – – (1 ) Changes in risk, parameters and exposures (3 ) 1 (7 ) (9 ) (1 ) – (7 ) (8 ) Exchange rate and other (1 ) – 4 3 (1 ) 1 – – Balance at end of period $ 3 $ – $ (26 ) $ (23 ) $ 2 $ 1 $ (19 ) $ (16 ) (1) Expected credit losses on debt securities at FVOCI are not separately recognized on the balance sheet as the related securities are recorded at fair value. The cumulative amount of credit losses recognized in income is presented in Other components of equity. (2) Reflects changes in the allowance for purchased credit impaired securities. Allowance for credit losses – securities at amortized cost For the three months ended July 31, 2023 July 31, 2022 Performing Impaired Performing Impaired (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Balance at beginning of period $ 9 $ 13 $ – $ 22 $ 9 $ 16 $ – $ 25 Provision for credit losses Transfers to stage 1 – – – – – – – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 3 – – 3 1 – – 1 Sales and maturities – – – – – – – – Changes in risk, parameters and exposures (1 ) 2 – 1 (3 ) (2 ) – (5 ) Exchange rate and other (1 ) (1 ) – (2 ) – 1 – 1 Balance at end of period $ 10 $ 14 $ – $ 24 $ 7 $ 15 $ – $ 22 For the nine months ended July 31, 2023 July 31, 2022 Performing Impaired Performing Impaired (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Balance at beginning of period $ 8 $ 14 $ – $ 22 $ 5 $ 18 $ – $ 23 Provision for credit losses Model changes – – – – – – – – Transfers to stage 1 – – – – – – – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 8 – – 8 9 – – 9 Sales and maturities – – – – (1 ) – – (1 ) Changes in risk, parameters and exposures (6 ) 1 – (5 ) (6 ) (4 ) – (10 ) Exchange rate and other – (1 ) – (1 ) – 1 – 1 Balance at end of period $ 10 $ 14 $ – $ 24 $ 7 $ 15 $ – $ 22
Summary of Credit risk exposure on Investment Securities by internal risk rating	As at July 31, 2023 October 31, 2022 Performing Impaired Performing Impaired (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 (1) Total Investment securities Securities at FVOCI Investment grade $ 115,552 $ 1 $ – $ 115,553 $ 91,177 $ 56 $ – $ 91,233 Non-investment grade 688 – – 688 680 – – 680 Impaired – – 141 141 – – 150 150 116,240 1 141 116,382 91,857 56 150 92,063 Items not subject to impairment (2) 942 828 $ 117,324 $ 92,891 Securities at amortized cost Investment grade $ 77,572 $ – $ – $ 77,572 $ 76,035 $ – $ – $ 76,035 Non-investment grade 948 202 – 1,150 898 216 – 1,114 Impaired – – – – – – – – 78,520 202 – 78,722 76,933 216 – 77,149 Allowance for credit losses 10 14 – 24 8 14 – 22 $ 78,510 $ 188 $ – $ 78,698 $ 76,925 $ 202 $ – $ 77,127 (1) Reflects $141 million of purchased credit impaired securities (October 31, 2022 – $150 million). (2) Investment securities at FVOCI not subject to impairment represent equity securities designated as FVOCI.

Loans and allowance for credi_2

Loans and allowance for credit losses (Tables)	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Disclosure of Allowance for Credit Losses	Allowance for credit losses For the three months ended July 31, 2023 July 31, 2022 (Millions of Canadian dollars) Balance at Provision Net write-offs Exchange Balance at Balance at Provision Net write-offs Exchange Balance at Retail Residential mortgages $ 480 $ (5 ) $ (4 ) $ (8 ) $ 463 $ 388 $ 51 $ (7 ) $ (3 ) $ 429 Personal 1,165 97 (106 ) (4 ) 1,152 943 107 (60 ) – 990 Credit cards 980 154 (117 ) – 1,017 795 128 (89 ) 1 835 Small business 225 23 (11 ) (2 ) 235 179 10 (5 ) 3 187 Wholesale 1,886 349 (117 ) (67 ) 2,051 1,541 63 (39 ) (25 ) 1,540 Customers’ liability under acceptances 41 1 – (1 ) 41 41 (12 ) – 1 30 $ 4,777 $ 619 $ (355 ) $ (82 ) $ 4,959 $ 3,887 $ 347 $ (200 ) $ (23 ) $ 4,011 Presented as: Allowance for loan losses $ 4,332 $ 4,495 $ 3,566 $ 3,667 Other liabilities – Provisions 397 416 275 309 Customers’ liability under acceptances 41 41 41 30 Other components of equity 7 7 5 5 For the nine months ended July 31, 2023 July 31, 2022 (Millions of Canadian dollars) Balance at Provision Net write-offs Exchange Balance at Balance at Provision Net write-offs Exchange Balance at Retail Residential mortgages $ 432 $ 57 $ (13 ) $ (13 ) $ 463 $ 416 $ 29 $ (19 ) $ 3 $ 429 Personal 1,043 402 (287 ) (6 ) 1,152 1,079 86 (172 ) (3 ) 990 Credit cards 893 459 (334 ) (1 ) 1,017 875 201 (243 ) 2 835 Small business 194 70 (27 ) (2 ) 235 177 18 (15 ) 7 187 Wholesale 1,574 779 (188 ) (114 ) 2,051 1,797 (171 ) (60 ) (26 ) 1,540 Customers’ liability under acceptances 45 (4 ) – – 41 75 (46 ) – 1 30 $ 4,181 $ 1,763 $ (849 ) $ (136 ) $ 4,959 $ 4,419 $ 117 $ (509 ) $ (16 ) $ 4,011 Presented as: Allowance for loan losses $ 3,753 $ 4,495 $ 4,089 $ 3,667 Other liabilities – Provisions 378 416 241 309 Customers’ liability under acceptances 45 41 75 30 Other components of equity 5 7 14 5
Summary of Allowance for Credit Losses by Stage, for Each Major Product Category	Allowance for credit losses – Retail and wholesale loans For the three months ended July 31, 2023 July 31, 2022 Performing Impaired Performing Impaired (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Residential mortgages Balance at beginning of period $ 238 $ 103 $ 139 $ 480 $ 184 $ 71 $ 133 $ 388 Provision for credit losses Transfers to stage 1 38 (38 ) – – 22 (17 ) (5 ) – Transfers to stage 2 (4 ) 6 (2 ) – (2 ) 3 (1 ) – Transfers to stage 3 – (4 ) 4 – – (5 ) 5 – Originations 22 – – 22 55 – – 55 Maturities (4 ) (4 ) – (8 ) (6 ) (1 ) – (7 ) Changes in risk, parameters and exposures (63 ) 29 15 (19 ) (21 ) 21 3 3 Write-offs – – (7 ) (7 ) – – (9 ) (9 ) Recoveries – – 3 3 – – 2 2 Exchange rate and other – (2 ) (6 ) (8 ) (2 ) – (1 ) (3 ) Balance at end of period $ 227 $ 90 $ 146 $ 463 $ 230 $ 72 $ 127 $ 429 Personal Balance at beginning of period $ 298 $ 747 $ 120 $ 1,165 $ 310 $ 550 $ 83 $ 943 Provision for credit losses Transfers to stage 1 177 (177 ) – – 132 (131 ) (1 ) – Transfers to stage 2 (20 ) 21 (1 ) – (30 ) 30 – – Transfers to stage 3 – (13 ) 13 – – (12 ) 12 – Originations 31 – – 31 30 – – 30 Maturities (10 ) (32 ) – (42 ) (16 ) (24 ) – (40 ) Changes in risk, parameters and exposures (182 ) 189 101 108 (133 ) 200 50 117 Write-offs – – (135 ) (135 ) – – (94 ) (94 ) Recoveries – – 29 29 – – 34 34 Exchange rate and other (2 ) 1 (3 ) (4 ) – – – – Balance at end of period $ 292 $ 736 $ 124 $ 1,152 $ 293 $ 613 $ 84 $ 990 Credit cards Balance at beginning of period $ 199 $ 781 $ – $ 980 $ 169 $ 626 $ – $ 795 Provision for credit losses Transfers to stage 1 120 (120 ) – – 99 (99 ) – – Transfers to stage 2 (31 ) 31 – – (21 ) 21 – – Transfers to stage 3 – (103 ) 103 – (1 ) (87 ) 88 – Originations 3 – – 3 1 – – 1 Maturities (3 ) (9 ) – (12 ) (1 ) (8 ) – (9 ) Changes in risk, parameters and exposures (92 ) 241 14 163 (71 ) 207 – 136 Write-offs – – (164 ) (164 ) – – (132 ) (132 ) Recoveries – – 47 47 – – 43 43 Exchange rate and other – – – – – – 1 1 Balance at end of period $ 196 $ 821 $ – $ 1,017 $ 175 $ 660 $ – $ 835 Small business Balance at beginning of period $ 76 $ 79 $ 70 $ 225 $ 77 $ 66 $ 36 $ 179 Provision for credit losses Transfers to stage 1 9 (9 ) – – 9 (9 ) – – Transfers to stage 2 (4 ) 4 – – (4 ) 4 – – Transfers to stage 3 1 (3 ) 2 – (1 ) – 1 – Originations 12 – – 12 8 – – 8 Maturities (4 ) (4 ) – (8 ) (6 ) (7 ) – (13 ) Changes in risk, parameters and exposures (13 ) 11 21 19 (8 ) 12 11 15 Write-offs – – (14 ) (14 ) – – (7 ) (7 ) Recoveries – – 3 3 – – 2 2 Exchange rate and other 1 – (3 ) (2 ) 3 3 (3 ) 3 Balance at end of period $ 78 $ 78 $ 79 $ 235 $ 78 $ 69 $ 40 $ 187 Wholesale Balance at beginning of period $ 668 $ 632 $ 586 $ 1,886 $ 483 $ 590 $ 468 $ 1,541 Provision for credit losses Transfers to stage 1 45 (44 ) (1 ) – 66 (66 ) – – Transfers to stage 2 (28 ) 29 (1 ) – (14 ) 15 (1 ) – Transfers to stage 3 (3 ) (17 ) 20 – – (21 ) 21 – Originations 169 – – 169 165 – – 165 Maturities (129 ) (76 ) – (205 ) (103 ) (68 ) – (171 ) Changes in risk, parameters and exposures (34 ) 208 211 385 (48 ) 130 (13 ) 69 Write-offs – – (126 ) (126 ) – – (48 ) (48 ) Recoveries – – 9 9 – – 9 9 Exchange rate and other (10 ) (10 ) (47 ) (67 ) (5 ) (5 ) (15 ) (25 ) Balance at end of period $ 678 $ 722 $ 651 $ 2,051 $ 544 $ 575 $ 421 $ 1,540 For the nine months ended July 31, 2023 July 31, 2022 Performing Impaired Performing Impaired (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Residential mortgages Balance at beginning of period $ 235 $ 65 $ 132 $ 432 $ 186 $ 92 $ 138 $ 416 Provision for credit losses Transfers to stage 1 70 (70 ) – – 82 (67 ) (15 ) – Transfers to stage 2 (23 ) 31 (8 ) – (8 ) 10 (2 ) – Transfers to stage 3 (1 ) (9 ) 10 – (1 ) (20 ) 21 – Originations 65 – – 65 114 – – 114 Maturities (12 ) (6 ) – (18 ) (18 ) (5 ) – (23 ) Changes in risk, parameters and exposures (107 ) 80 37 10 (125 ) 60 3 (62 ) Write-offs – – (23 ) (23 ) – – (29 ) (29 ) Recoveries – – 10 10 – – 10 10 Exchange rate and other – (1 ) (12 ) (13 ) – 2 1 3 Balance at end of period $ 227 $ 90 $ 146 $ 463 $ 230 $ 72 $ 127 $ 429 Personal Balance at beginning of period $ 285 $ 661 $ 97 $ 1,043 $ 422 $ 569 $ 88 $ 1,079 Provision for credit losses Transfers to stage 1 474 (473 ) (1 ) – 459 (457 ) (2 ) – Transfers to stage 2 (63 ) 65 (2 ) – (91 ) 91 – – Transfers to stage 3 (1 ) (38 ) 39 – (1 ) (37 ) 38 – Originations 79 – – 79 78 – – 78 Maturities (32 ) (82 ) – (114 ) (54 ) (74 ) – (128 ) Changes in risk, parameters and exposures (450 ) 604 283 437 (520 ) 521 135 136 Write-offs – – (371 ) (371 ) – – (269 ) (269 ) Recoveries – – 84 84 – – 97 97 Exchange rate and other – (1 ) (5 ) (6 ) – – (3 ) (3 ) Balance at end of period $ 292 $ 736 $ 124 $ 1,152 $ 293 $ 613 $ 84 $ 990 Credit cards Balance at beginning of period $ 177 $ 716 $ – $ 893 $ 233 $ 642 $ – $ 875 Provision for credit losses Transfers to stage 1 409 (409 ) – – 374 (374 ) – – Transfers to stage 2 (73 ) 73 – – (72 ) 72 – – Transfers to stage 3 (1 ) (295 ) 296 – (2 ) (238 ) 240 – Originations 10 – – 10 7 – – 7 Maturities (5 ) (24 ) – (29 ) (4 ) (22 ) – (26 ) Changes in risk, parameters and exposures (320 ) 760 38 478 (362 ) 580 2 220 Write-offs – – (465 ) (465 ) – – (370 ) (370 ) Recoveries – – 131 131 – – 127 127 Exchange rate and other (1 ) – – (1 ) 1 – 1 2 Balance at end of period $ 196 $ 821 $ – $ 1,017 $ 175 $ 660 $ – $ 835 Small business Balance at beginning of period $ 73 $ 73 $ 48 $ 194 $ 88 $ 55 $ 34 $ 177 Provision for credit losses Transfers to stage 1 27 (27 ) – – 18 (18 ) – – Transfers to stage 2 (11 ) 11 – – (12 ) 12 – – Transfers to stage 3 – (7 ) 7 – (1 ) (2 ) 3 – Originations 28 – – 28 25 – – 25 Maturities (11 ) (14 ) – (25 ) (17 ) (19 ) – (36 ) Changes in risk, parameters and exposures (31 ) 39 59 67 (31 ) 36 24 29 Write-offs – – (35 ) (35 ) – – (22 ) (22 ) Recoveries – – 8 8 – – 7 7 Exchange rate and other 3 3 (8 ) (2 ) 8 5 (6 ) 7 Balance at end of period $ 78 $ 78 $ 79 $ 235 $ 78 $ 69 $ 40 $ 187 Wholesale Balance at beginning of period $ 597 $ 585 $ 392 $ 1,574 $ 566 $ 794 $ 437 $ 1,797 Provision for credit losses Transfers to stage 1 145 (144 ) (1 ) – 334 (331 ) (3 ) – Transfers to stage 2 (63 ) 65 (2 ) – (55 ) 56 (1 ) – Transfers to stage 3 (7 ) (44 ) 51 – (2 ) (48 ) 50 – Originations 481 – – 481 448 – – 448 Maturities (345 ) (205 ) – (550 ) (301 ) (259 ) – (560 ) Changes in risk, parameters and exposures (120 ) 477 491 848 (444 ) 354 31 (59 ) Write-offs – – (212 ) (212 ) – – (97 ) (97 ) Recoveries – – 24 24 – – 37 37 Exchange rate and other (10 ) (12 ) (92 ) (114 ) (2 ) 9 (33 ) (26 ) Balance at end of period $ 678 $ 722 $ 651 $ 2,051 $ 544 $ 575 $ 421 $ 1,540
Credit Risk Exposure by Internal Risk Rating	Credit risk exposure by internal risk rating The following table presents the gross carrying amount of loans measured at amortized cost, and the full contractual amount of undrawn loan commitments subject to the impairment requirements of IFRS 9 Financial Instruments . Risk ratings are based on internal ratings used in the measurement of expected credit losses as at the reporting date, as outlined in the internal ratings maps for Wholesale and Retail facilities in the Credit risk section of our 2022 Annual Report. As at July 31, 2023 October 31, 2022 (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Retail Loans outstanding – Residential mortgages Low risk $ 345,290 $ 3,861 $ – $ 349,151 $ 340,716 $ 2,573 $ – $ 343,289 Medium risk 18,059 1,734 – 19,793 15,035 1,932 – 16,967 High risk 1,523 4,437 – 5,960 1,188 3,125 – 4,313 Not rated (1) 52,291 1,137 – 53,428 51,915 1,304 – 53,219 Impaired – – 619 619 – – 560 560 417,163 11,169 619 428,951 408,854 8,934 560 418,348 Items not subject to impairment (2) 472 448 Total $ 429,423 $ 418,796 Loans outstanding – Personal Low risk $ 73,973 $ 2,459 $ – $ 76,432 $ 73,339 $ 2,575 $ – $ 75,914 Medium risk 4,833 3,150 – 7,983 5,482 3,780 – 9,262 High risk 450 1,988 – 2,438 836 1,660 – 2,496 Not rated (1) 9,008 131 – 9,139 9,733 104 – 9,837 Impaired – – 245 245 – – 200 200 Total $ 88,264 $ 7,728 $ 245 $ 96,237 $ 89,390 $ 8,119 $ 200 $ 97,709 Loans outstanding – Credit cards Low risk $ 16,104 $ 122 $ – $ 16,226 $ 15,088 $ 83 $ – $ 15,171 Medium risk 1,683 1,991 – 3,674 1,418 1,911 – 3,329 High risk 40 1,577 – 1,617 39 1,255 – 1,294 Not rated (1) 762 33 – 795 751 32 – 783 Total $ 18,589 $ 3,723 $ – $ 22,312 $ 17,296 $ 3,281 $ – $ 20,577 Loans outstanding – Small business Low risk $ 8,522 $ 924 $ – $ 9,446 $ 8,571 $ 838 $ – $ 9,409 Medium risk 1,949 988 – 2,937 1,512 1,130 – 2,642 High risk 94 523 – 617 102 375 – 477 Not rated (1) 8 – – 8 3 – – 3 Impaired – – 232 232 – – 138 138 Total $ 10,573 $ 2,435 $ 232 $ 13,240 $ 10,188 $ 2,343 $ 138 $ 12,669 Undrawn loan commitments – Retail Low risk $ 261,434 $ 1,318 $ – $ 262,752 $ 247,620 $ 1,041 $ – $ 248,661 Medium risk 10,529 293 – 10,822 9,021 246 – 9,267 High risk 886 401 – 1,287 876 367 – 1,243 Not rated (1) 6,408 129 – 6,537 5,668 118 – 5,786 Total $ 279,257 $ 2,141 $ – $ 281,398 $ 263,185 $ 1,772 $ – $ 264,957 Wholesale – Loans outstanding Investment grade $ 88,108 $ 586 $ – $ 88,694 $ 88,513 $ 202 $ – $ 88,715 Non-investment grade 150,845 18,531 – 169,376 145,908 15,758 – 161,666 Not rated (1) 9,547 272 – 9,819 11,789 360 – 12,149 Impaired – – 2,188 2,188 – – 1,301 1,301 248,500 19,389 2,188 270,077 246,210 16,320 1,301 263,831 Items not subject to impairment (2) 8,920 10,136 Total $ 278,997 $ 273,967 Undrawn loan commitments – Wholesale Investment grade $ 301,814 $ 225 $ – $ 302,039 $ 284,481 $ 179 $ – $ 284,660 Non-investment grade 124,422 12,251 – 136,673 126,225 10,657 – 136,882 Not rated (1) 4,190 – – 4,190 3,692 1 – 3,693 Total $ 430,426 $ 12,476 $ – $ 442,902 $ 414,398 $ 10,837 $ – $ 425,235 (1) In certain cases where an internal risk rating is not assigned, we use other approved credit risk assessment or rating methodologies, policies and tools to manage our credit risk. (2) Items not subject to impairment are loans held at FVTPL.
Disclosure of Loans Past Due But Not Impaired	Loans past due but not impaired (1), (2) As at July 31, 2023 October 31, 2022 (Millions of Canadian dollars) 30 to 89 days 90 days Total 30 to 89 days 90 days Total Retail $ 1,643 $ 167 $ 1,810 $ 1,328 $ 168 $ 1,496 Wholesale 1,062 63 1,125 1,279 2 1,281 $ 2,705 $ 230 $ 2,935 $ 2,607 $ 170 $ 2,777 (1) Excludes loans less than 30 days past due as they are not generally representative of the borrowers’ ability to meet their payment obligations. (2) Amounts presented may include loans past due as a result of administrative processes, such as mortgage loans on which payments are restrained pending payout due to sale or refinancing, which can fluctuate based on business volumes. Past due loans arising from administrative processes are not representative of the borrowers’ ability to meet their payment obligations.

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Summary of Deposit Liabilities	As at July 31, 2023 October 31, 2022 (Millions of Canadian dollars) Demand Notice Term Total Demand (1) Notice (2) Term (3) Total Personal $ 188,600 $ 56,910 $ 188,537 $ 434,047 $ 203,645 $ 64,743 $ 136,544 $ 404,932 Business and government 307,865 16,864 412,001 736,730 348,004 17,855 394,011 759,870 Bank 8,309 893 35,692 44,894 10,458 490 33,064 44,012 $ 504,774 $ 74,667 $ 636,230 $ 1,215,671 $ 562,107 $ 83,088 $ 563,619 $ 1,208,814 Non-interest-bearing (4) Canada $ 134,054 $ 6,535 $ 182 $ 140,771 $ 149,737 $ 7,797 $ 466 $ 158,000 United States 39,060 – – 39,060 52,702 – – 52,702 Europe (5) 131 – – 131 620 – – 620 Other International 7,177 – – 7,177 7,840 – – 7,840 Interest-bearing (4) Canada 298,923 15,090 478,242 792,255 305,779 17,982 409,586 733,347 United States 14,751 52,593 85,048 152,392 11,410 57,055 85,111 153,576 Europe (5) 5,244 359 54,012 59,615 28,276 254 52,144 80,674 Other International 5,434 90 18,746 24,270 5,743 – 16,312 22,055 $ 504,774 $ 74,667 $ 636,230 $ 1,215,671 $ 562,107 $ 83,088 $ 563,619 $ 1,208,814 (1) Demand deposits are deposits for which we do not have the right to require notice of withdrawal, which include both savings and chequing accounts. (2) Notice deposits are deposits for which we can legally require notice of withdrawal. These deposits are primarily savings accounts. (3) Term deposits are deposits payable on a fixed date, and include term deposits, guaranteed investment certificates and similar instruments. (4) The geographical splits of the deposits are based on the point of origin of the deposits and where the revenue is recognized. As at July 31, 2023, deposits denominated in U.S. dollars, British pounds, Euro and other foreign currencies were $439 billion, $36 billion, $48 billion and $31 billion, respectively (October 31, 2022 – $465 billion, $35 billion, $50 billion and $30 billion, respectively). (5) Europe includes the United Kingdom, the Channel Islands, France and Luxembourg.
Summary of Contractual Maturities of Term Deposit Liabilities	Contractual maturities of term deposits As at (Millions of Canadian dollars) July 31 2023 October 31 2022 Within 1 year: less than 3 months $ 188,346 $ 159,602 3 to 6 months 79,326 61,996 6 to 12 months 135,725 156,531 1 to 2 years 68,666 49,225 2 to 3 years 47,961 42,809 3 to 4 years 35,921 27,609 4 to 5 years 37,649 33,835 Over 5 years 42,636 32,012 $ 636,230 $ 563,619 Aggregate amount of term deposits in denominations of one hundred thousa nd $ 583,000 $ 521,000

Employee benefits - Pension a_2

Employee benefits - Pension and other post-employment benefits (Tables)	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Summary of Composition of Pension and Other Post-Employment Benefit Expense	Pension and other post-employment benefit expense For the three months ended Pension plans Other post-employment benefit plans (Millions of Canadian dollars) July 31 2023 July 31 2022 July 31 2023 July 31 2022 Current service costs $ 48 $ 77 $ 8 $ 11 Past service costs – – – – Net interest expense (income) (40 ) (21 ) 19 16 Remeasurements of other long-term benefits – – (1 ) (10 ) Administrative expense 3 3 – – Defined benefit pension expense 11 59 26 17 Defined contribution pension expense 84 58 – – $ 95 $ 117 $ 26 $ 17 For the nine months ended Pension plans Other post-employment benefit plans (Millions of Canadian dollars) July 31 2023 July 31 2022 July 31 2023 July 31 2022 Current service costs $ 146 $ 232 $ 24 $ 28 Past service costs – (1 ) – 2 Net interest expense (income) (121 ) (63 ) 58 47 Remeasurements of other long-term benefits – – 2 (23 ) Administrative expense 9 10 – – Defined benefit pension expense 34 178 84 54 Defined contribution pension expense 245 188 – – $ 279 $ 366 $ 84 $ 54
Summary of Composition of Remeasurements Recorded in OCI related to pension and other post employment benefit plans	Pension and other post-employment benefit remeasurements (1) For the three months ended Defined benefit pension plans Other post-employment benefit plans (Millions of Canadian dollars) July 31 2023 July 31 2022 July 31 2023 July 31 2022 Actuarial (gains) losses: Changes in financial assumptions (2) $ (483 ) $ 81 $ (45 ) $ 16 Experience adjustments 1 – – (1 ) Return on plan assets (excluding interest based on discoun t r 313 338 – – $ (169 ) $ 419 $ (45 ) $ 15 For the nine months ended Defined benefit pension plans Other post-employment benefit plans (Millions of Canadian dollars) July 31 2023 July 31 2022 July 31 2023 July 31 2022 Actuarial (gains) losses: Changes in financial assumptions (2) $ 421 $ (2,917 ) $ 45 $ (241 ) Experience adjustments 1 1 (2 ) (4 ) Return on plan assets (excluding interest based on discount rate) (248 ) 2,180 – – $ 174 $ (736 ) $ 43 $ (245 ) (1) Market based assumptions, including Changes in financial assumptions and Return on plan assets, are reviewed on a quarterly basis. All other assumptions are updated during our annual review of plan assumptions. (2) Changes in financial assumptions in our defined benefit pension plans primarily relate to changes in discount rates.

Significant capital and fundi_2

Significant capital and funding transactions (Tables)	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Summary of Common Shares Issued	For the three months ended July 31, 2023 July 31, 2022 (Millions of Canadian dollars, except number of shares) Number of Amount Number of Amount Issued in connection with share-based compensation plans (1) 174 $ 16 100 $ 8 Issued in connection with dividend reinvestment plan (2) 5,355 670 – – Purchased for cancellation (3) – – (10,445 ) (129 ) 5,529 $ 686 (10,345 ) $ (121 ) For the nine months ended July 31, 2023 July 31, 2022 (Millions of Canadian dollars, except number of shares) Number of Amount Number of Amount Issued in connection with share-based compensation plans (1) 678 $ 61 612 $ 50 Issued in connection with dividend reinvestment plan (2) 9,959 1,291 – – Purchased for cancellation (3) – – (33,016 ) (411 ) 10,637 $ 1,352 (32,404 ) $ (361 ) (1) Amounts include cash received for stock options exercised during the period and the fair value adjustment to stock options. (2) The requirements of our dividend reinvestment plan (DRIP) are satisfied through either open market share purchases or shares issued from treasury. During the three months ended July 31, 2023 our DRIP requirements were satisfied through shares issued from treasury. During the nine months ended July 31, 2023 our DRIP requirements were satisfied through open market share purchases in the first three months and through shares issued from treasury in the last six months. During the three and nine months ended July 31, 2022 our DRIP requirements were satisfied through open market share purchases. (3) During the three and nine months ended July 31, 2023, we did not purchase for cancellation any common shares. During the three months ended July 31, 2022, we purchased for cancellation common shares at a total fair value of $1,338 million (average cost of $128.20 per share), with a book value of $129 million (book value of $12.47 per share). During the nine months ended July 31, 2022, we purchased for cancellation common shares at a total fair value of $4,444 million (average cost of $134.60 per share), with a book value of $411 million (book value of $12.46 per share).

Earnings per share (Tables)

Earnings per share (Tables)	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Summary of Earnings Per Share	For the three months ended For the nine months ended (Millions of Canadian dollars, except share and per share amounts) July 31 2023 July 31 2022 July 31 2023 July 31 2022 Basic earnings per share Net income $ 3,872 $ 3,577 $ 10,735 $ 11,925 Dividends on preferred shares and distributions on other equity instruments (58 ) (58 ) (169 ) (180 ) Net income attributable to non-controlling interests (2 ) (2 ) (5 ) (7 ) Net income available to common shareholders $ 3,812 $ 3,517 $ 10,561 $ 11,738 Weighted average number of common shares (in thousands) 1,393,515 1,396,381 1,388,217 1,409,292 Basic earnings per share (in dollars) $ 2.74 $ 2.52 $ 7.61 $ 8.33 Diluted earnings per share Net income available to common shareholders $ 3,812 $ 3,517 $ 10,561 $ 11,738 Weighted average number of common shares (in thousands) 1,393,515 1,396,381 1,388,217 1,409,292 Stock options (1) 1,398 1,680 1,614 2,039 Issuable under other share-based compensation plans 26 606 26 603 Average number of diluted common shares (in thousands) 1,394,939 1,398,667 1,389,857 1,411,934 Diluted earnings per share (in dollars) $ 2.73 $ 2.51 $ 7.60 $ 8.31 (1) The dilutive effect of stock options was calculated using the treasury stock method. When the exercise price of options outstanding is greater than the average market price of our common shares, the options are excluded from the calculation of diluted earnings per share. For the three months ended July 31, 2023, an average of 2,244,505 outstanding options with an average exercise price of $130.78 were excluded from the calculation of diluted earnings per share. For the three months ended July 31, 2022, an average of 1,181,140 outstanding options with an average exercise price of $129.99 were excluded from the calculation of diluted earnings per share. For the nine months ended July 31, 2023, an average of 917,036 outstanding options with an average exercise price of $131.64 were excluded from the calculation of diluted earnings per share. For the nine months ended July 31, 2022, no outstanding options were excluded from the calculation of diluted earnings per share.

Results by business segment (Ta

Results by business segment (Tables)	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Disclosure of operating segments	For the three months ended July 31, 2023 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income (2) $ 4,062 $ 1,007 $ – $ 891 $ 326 $ 6,286 Non-interest 1,501 3,411 1,848 1,772 (329 ) 8,203 Total revenue 5,563 4,418 1,848 2,663 (3 ) 14,489 Provision for credit losses 305 102 – 209 – 616 Insurance policyholder benefits, claims and acquisition expense – – 1,379 – – 1,379 Non-interest 2,319 3,498 165 1,620 259 7,861 Income (loss) before income taxes 2,939 818 304 834 (262 ) 4,633 Income taxes (recoveries) 805 144 77 (104 ) (161 ) 761 Net income $ 2,134 $ 674 $ 227 $ 938 $ (101 ) $ 3,872 Non-interest Depreciation and amortization $ 240 $ 312 $ 15 $ 126 $ – $ 693 For the three months ended July 31, 2022 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income (2) $ 3,655 $ 1,051 $ – $ 1,233 $ (49 ) $ 5,890 Non-interest 1,527 2,971 1,233 631 (120 ) 6,242 Total revenue 5,182 4,022 1,233 1,864 (169 ) 12,132 Provision for credit losses 324 14 – 2 – 340 Insurance policyholder benefits, claims and acquisition expense – – 850 – – 850 Non-interest 2,130 2,929 139 1,186 2 6,386 Income (loss) before income taxes 2,728 1,079 244 676 (171 ) 4,556 Income taxes (recoveries) 705 258 58 77 (119 ) 979 Net income $ 2,023 $ 821 $ 186 $ 599 $ (52 ) $ 3,577 Non-interest Depreciation and amortization $ 239 $ 271 $ 14 $ 129 $ 3 $ 656 For the nine months ended July 31, 2023 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income (2) $ 11,886 $ 3,328 $ – $ 2,579 $ 794 $ 18,587 Non-interest 4,516 10,099 5,086 5,837 (1,022 ) 24,516 Total revenue 16,402 13,427 5,086 8,416 (228 ) 43,103 Provision for credit losses 1,128 196 – 424 – 1,748 Insurance policyholder benefits, claims and acquisition expense – – 3,930 – – 3,930 Non-interest 6,805 10,379 480 4,831 535 23,030 Income (loss) before income taxes 8,469 2,852 676 3,161 (763 ) 14,395 Income taxes (recoveries) 2,294 588 162 61 555 3,660 Net income $ 6,175 $ 2,264 $ 514 $ 3,100 $ (1,318 ) $ 10,735 Non-interest Depreciation and amortization $ 721 $ 925 $ 43 $ 381 $ – $ 2,070 For the nine months ended July 31, 2022 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income (2) $ 10,118 $ 2,782 $ – $ 3,760 $ (225 ) $ 16,435 Non-interest 4,606 9,259 2,866 3,599 (347 ) 19,983 Total revenue 14,724 12,041 2,866 7,359 (572 ) 36,418 Provision for credit losses 177 (29 ) – (46 ) 1 103 Insurance policyholder benefits, claims and acquisition expense – – 1,667 – – 1,667 Non-interest 6,167 8,844 431 4,136 (178 ) 19,400 Income (loss) before income taxes 8,380 3,226 768 3,269 (395 ) 15,248 Income taxes (recoveries) 2,149 775 179 691 (471 ) 3,323 Net income $ 6,231 $ 2,451 $ 589 $ 2,578 $ 76 $ 11,925 Non-interest Depreciation and amortization $ 704 $ 820 $ 43 $ 382 $ 7 $ 1,956 (1) Taxable equivalent basis. (2) Interest revenue is reported net of interest expense as we rely primarily on net interest income as a performance measure. (3) Amounts have been revised from those previously presented to conform to our new basis of segment presentation. Total assets and total liabilities by business segment As at July 31, 2023 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Markets Corporate Total Total assets $ 624,943 $ 180,674 $ 24,680 $ 1,065,952 $ 61,485 $ 1,957,734 Total liabilities 624,851 180,529 25,332 1,066,223 (51,630 ) 1,845,305 As at October 31, 2022 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Total assets $ 602,824 $ 206,466 $ 21,918 $ 1,025,892 $ 60,119 $ 1,917,219 Total liabilities 602,741 206,415 22,588 1,025,603 (48,303 ) 1,809,044 (1) Amounts have been revised from those previously presented to conform to our new basis of segment presentation.

Capital management (Tables)

Capital management (Tables)	9 Months Ended
	Jul. 31, 2023
Text Block [Abstract]
Summary of Regulatory Capital and Capital Ratios	As at (Millions of Canadian dollars, except percentage amounts and as otherwise noted) July 31 2023 October 31 2022 Capital (1) CET1 capital $ 82,892 $ 76,945 Tier 1 capital 90,193 84,242 Total capital 101,072 93,850 Risk-weighted assets (RWA) used in calculation of capital ratios (1) Credit risk $ 470,732 $ 496,898 Market risk 37,426 35,342 Operational risk 77,741 77,639 Total RWA $ 585,899 $ 609,879 Capital ratios and Leverage ratio (1) CET1 ratio 14.1% 12.6% Tier 1 capital ratio 15.4% 13.8% Total capital ratio 17.3% 15.4% Leverage ratio 4.2% 4.4% Leverage ratio exposure (billions) $ 2,142 $ 1,898 TLAC available and ratios (2) TLAC available $ 181,035 $ 160,961 TLAC ratio 30.9% 26.4% TLAC leverage ratio 8.5% 8.5% (1) Capital, RWA, and capital ratios are calculated using OSFI’s Capital Adequacy Requirements (CAR) guideline and the Leverage ratio is calculated using OSFI’s Leverage Requirements (LR) guideline. Both the CAR guideline and LR guideline are based on the Basel III framework. The results for the period ended July 31, 2023 reflect our adoption of the revised CAR and LR guidelines that came into effect in Q2 2023 as part of OSFI’s implementation of the Basel III reforms. (2) TLAC available and TLAC ratios are calculated using OSFI’s TLAC guideline. The TLAC standard is applied at the resolution entity level which for us is deemed to be Royal Bank of Canada and its subsidiaries. A resolution entity and its subsidiaries are collectively called a resolution group. The TLAC ratio and TLAC leverage ratio are calculated using the TLAC available as percentage of total RWA and leverage exposure, respectively.

Fair value of financial instr_3

Fair value of financial instruments - Summary of Comparison of Carrying and Fair Values for Each Classification of Financial Instrument (Detail) - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Financial assets
Interest-bearing deposits with banks	$ 87,650	$ 108,011
Securities
Trading	176,603	148,205
Investment, net of applicable allowance	196,022	170,018
Securities	372,625	318,223
Assets purchased under reverse repurchase agreements and securities borrowed	347,151	317,845
Loans, net of applicable allowance
Loans, net	835,714	819,965
Other
Derivatives	115,914	154,439
Deposits
Personal	434,047	404,932
Business and government	736,730	759,870
Bank	44,894	44,012
Deposits	1,215,671	1,208,814
Other
Obligations related to securities sold short	36,653	35,511
Obligations related to assets sold under repurchase agreements and securities loaned	334,465	273,947
Derivatives	117,244	153,491
Subordinated debentures	11,202	10,025
Financial assets classified as FVTPL [member]
Securities
Trading	165,913	138,507
Securities	165,913	138,507
Assets purchased under reverse repurchase agreements and securities borrowed	296,430	264,665
Loans, net of applicable allowance
Retail	94	73
Wholesale	5,851	6,914
Loans, net	5,945	6,987
Other
Derivatives	115,914	154,439
Other assets	4,365	3,377
Financial assets designated as FVTPL [member]
Financial assets
Interest-bearing deposits with banks	81,356	84,468
Securities
Trading	10,690	9,698
Securities	10,690	9,698
Loans, net of applicable allowance
Retail	378	375
Wholesale	3,069	3,222
Loans, net	3,447	3,597
Other
Other assets	5
Financial assets classified as FVOCI [member]
Securities
Investment, net of applicable allowance	116,382	92,063
Securities	116,382	92,063
Loans, net of applicable allowance
Retail	277	218
Wholesale	571	563
Loans, net	848	781
Financial assets designated as FVOCI [member]
Securities
Investment, net of applicable allowance	942	828
Securities	942	828
Financial liabilities classified as FVTPL [member]
Deposits
Personal	309	298
Business and government	201	447
Deposits	510	745
Other
Obligations related to securities sold short	36,653	35,511
Derivatives	117,244	153,491
Other liabilities	(877)	(360)
Financial liabilities designated as FVTPL [member]
Deposits
Personal	26,452	21,959
Business and government	139,696	152,119
Bank	10,517	7,196
Deposits	176,665	181,274
Other
Obligations related to assets sold under repurchase agreements and securities loaned	301,752	248,835
Other liabilities	19	69
Fair value of financial instruments not measured at fair value [member] | Financial assets measured at amortized cost [member]
Financial assets
Interest-bearing deposits with banks	6,294	23,543
Securities
Investment, net of applicable allowance	72,692	70,073
Securities	72,692	70,073
Assets purchased under reverse repurchase agreements and securities borrowed	50,721	53,180
Loans, net of applicable allowance
Retail	534,243	521,428
Wholesale	261,382	253,816
Loans, net	795,625	775,244
Other
Other assets	61,594	73,084
Fair value of financial instruments not measured at fair value [member] | Financial liabilities measured at amortized cost [member]
Deposits
Personal	405,156	380,396
Business and government	595,211	605,102
Bank	34,323	36,758
Deposits	1,034,690	1,022,256
Other
Obligations related to assets sold under repurchase agreements and securities loaned	32,713	25,112
Other liabilities	89,193	90,160
Subordinated debentures	11,072	9,668
Financial assets at carrying amount [member]
Financial assets
Interest-bearing deposits with banks	87,650	108,011
Securities
Trading	176,603	148,205
Investment, net of applicable allowance	196,022	170,018
Securities	372,625	318,223
Assets purchased under reverse repurchase agreements and securities borrowed	347,151	317,845
Loans, net of applicable allowance
Retail	558,625	547,433
Wholesale	277,089	272,532
Loans, net	835,714	819,965
Other
Derivatives	115,914	154,439
Other assets	65,964	76,461
Financial assets at carrying amount [member] | Financial assets measured at amortized cost [member]
Financial assets
Interest-bearing deposits with banks	6,294	23,543
Securities
Investment, net of applicable allowance	78,698	77,127
Securities	78,698	77,127
Assets purchased under reverse repurchase agreements and securities borrowed	50,721	53,180
Loans, net of applicable allowance
Retail	557,876	546,767
Wholesale	267,598	261,833
Loans, net	825,474	808,600
Other
Other assets	61,594	73,084
Financial assets at fair value [member]
Financial assets
Interest-bearing deposits with banks	87,650	108,011
Securities
Trading	176,603	148,205
Investment, net of applicable allowance	190,016	162,964
Securities	366,619	311,169
Assets purchased under reverse repurchase agreements and securities borrowed	347,151	317,845
Loans, net of applicable allowance
Retail	534,992	522,094
Wholesale	270,873	264,515
Loans, net	805,865	786,609
Other
Derivatives	115,914	154,439
Other assets	65,964	76,461
Financial liabilities at carrying amount [member]
Deposits
Personal	434,047	404,932
Business and government	736,730	759,870
Bank	44,894	44,012
Deposits	1,215,671	1,208,814
Other
Obligations related to securities sold short	36,653	35,511
Obligations related to assets sold under repurchase agreements and securities loaned	334,465	273,947
Derivatives	117,244	153,491
Other liabilities	88,367	90,057
Subordinated debentures	11,202	10,025
Financial liabilities at carrying amount [member] | Financial liabilities measured at amortized cost [member]
Deposits
Personal	407,286	382,675
Business and government	596,833	607,304
Bank	34,377	36,816
Deposits	1,038,496	1,026,795
Other
Obligations related to assets sold under repurchase agreements and securities loaned	32,713	25,112
Other liabilities	89,225	90,348
Subordinated debentures	11,202	10,025
Financial liabilities at fair value [member]
Deposits
Personal	431,917	402,653
Business and government	735,108	757,668
Bank	44,840	43,954
Deposits	1,211,865	1,204,275
Other
Obligations related to securities sold short	36,653	35,511
Obligations related to assets sold under repurchase agreements and securities loaned	334,465	273,947
Derivatives	117,244	153,491
Other liabilities	88,335	89,869
Subordinated debentures	$ 11,072	$ 9,668

Fair value of financial instr_4

Fair value of financial instrument - Additional Information (Detail) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disclosure of fair value measurement of assets and liabilities [line Items]
Transfers out of Level 1 to Level 2		$ 0		$ 0
Transfers out of Level 2 to Level 1	$ 0	0	$ 0	0
Transfers out of Level 2 to Level 3	0	0	0
Transfers out of Level 3 to Level 2	0	$ 0		$ 0
Obligations related to securities sold short [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Transfers out of Level 1 to Level 2	$ 151		151
Investment U.S. federal, state, municipal and agencies [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Transfers out of Level 1 to Level 2			435
Trading U.S. federal, state, municipal and agencies debt [Member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Transfers out of Level 1 to Level 2			$ 112

Fair value of financial instr_5

Fair value of financial instrument - Summary of Fair Value of Assets and Liabilities Measured at Fair Value on a Recurring Basis and Classified Using Fair Value Hierarchy (Detail) - CAD ($) $ in Millions	Jul. 31, 2023	Apr. 30, 2023	Oct. 31, 2022	Jul. 31, 2022	Apr. 30, 2022	Oct. 31, 2021
Financial assets
Interest-bearing deposits with banks	$ 87,650		$ 108,011
Trading
Trading securities	176,603		148,205
Investment
Assets purchased under reverse repurchase agreements and securities borrowed	347,151		317,845
Loans	835,714		819,965
Derivatives
Derivatives	115,914		154,439
Deposits
Personal	434,047		404,932
Business and government	736,730		759,870
Bank	44,894		44,012
Other
Obligations related to securities sold short	36,653		35,511
Obligations related to assets sold under repurchase agreements and securities loaned	334,465		273,947
Derivatives
Total derivatives	117,244		153,491
Netting adjustments [member]
Derivatives
Impact on Positive fair values (Derivative assets) of netting agreements that qualify for balance sheet offset	(860)		(2,185)
Financial assets	(860)		(2,185)
Derivatives
Impact on Negative fair values (Derivative liabilities) of netting agreements that qualify for balance sheet offset	(860)		(2,185)
Financial liabilities	(860)		(2,185)
Total gross fair value [member] | Level 1 [member]
Trading
Trading securities	80,868		64,195
Investment
Investment securities	1,314		1,702
Derivatives
Total gross derivatives, assets	2,811		3,939
Other assets	1,453		1,221
Financial assets	86,446		71,057
Other
Obligations related to securities sold short	15,005		16,383
Derivatives
Total gross derivatives, liabilities	3,408		3,847
Other liabilities	400		341
Financial liabilities	18,813		20,571
Total gross fair value [member] | Level 2 [member]
Financial assets
Interest-bearing deposits with banks	81,356		84,468
Trading
Trading securities	93,556		82,123
Investment
Investment securities	115,408		90,613
Assets purchased under reverse repurchase agreements and securities borrowed	296,430		264,665
Loans	7,929		9,673
Derivatives
Total gross derivatives, assets	113,618		152,302
Other assets	2,906		2,141
Financial assets	711,203		685,985
Deposits
Personal	26,480		22,016
Business and government	139,897		152,566
Bank	10,517		7,196
Other
Obligations related to securities sold short	21,648		19,128
Obligations related to assets sold under repurchase agreements and securities loaned	301,752		248,835
Derivatives
Total gross derivatives, liabilities	113,243		149,723
Other liabilities	(1,258)		(632)
Financial liabilities	612,279		598,832
Total gross fair value [member] | Level 3 [member]
Trading
Trading securities	2,179		1,887
Investment
Investment securities	602		576
Loans	2,311		1,692
Derivatives
Total gross derivatives, assets	345		383
Other assets	11		15
Financial assets	5,448		4,553
Deposits
Personal	281		241
Derivatives
Total gross derivatives, liabilities	1,453		2,106
Financial liabilities	1,734		2,347
Total gross fair value [member] | Canadian government debt - issued or guaranteed, Federal [member] | Level 1 [member]
Trading
Trading securities	18,595		15,024
Investment
Investment securities	1,175		1,226
Total gross fair value [member] | Canadian government debt - issued or guaranteed, Federal [member] | Level 2 [member]
Trading
Trading securities	2,067		3,779
Investment
Investment securities	3,659		2,555
Total gross fair value [member] | Canadian government debt - issued or guaranteed, Provincial and municipal [member] | Level 2 [member]
Trading
Trading securities	14,148		13,257
Investment
Investment securities	2,582		2,124
Total gross fair value [member] | U.S. federal state municipal and agencies debt issued or guaranteed [member] | Level 1 [member]
Trading
Trading securities	3,507		1,254
Investment
Investment securities	102		440
Total gross fair value [member] | U.S. federal state municipal and agencies debt issued or guaranteed [member] | Level 2 [member]
Trading
Trading securities	48,288		35,570
Investment
Investment securities	62,377		43,918
Total gross fair value [member] | U.S. federal state municipal and agencies debt issued or guaranteed [member] | Level 3 [member]
Trading
Trading securities			4
Total gross fair value [member] | Other OECD government debt - issued or guaranteed [member] | Level 1 [member]
Trading
Trading securities	2,919		1,325
Total gross fair value [member] | Other OECD government debt - issued or guaranteed [member] | Level 2 [member]
Trading
Trading securities	2,790		3,452
Investment
Investment securities	6,417		5,144
Total gross fair value [member] | Mortgage-backed securities [member] | Level 2 [member]
Trading
Trading securities	2		2
Investment
Investment securities	2,521		2,860
Total gross fair value [member] | Mortgage-backed securities [member] | Level 3 [member]
Investment
Investment securities	30		28
Total gross fair value [member] | Asset- backed securities, Non-CDO [member] | Level 2 [member]
Trading
Trading securities	1,239		1,308
Investment
Investment securities	432		524
Total gross fair value [member] | Asset- backed securities, Non-CDO [member] | Level 3 [member]
Trading
Trading securities			2
Total gross fair value [member] | Corporate debt and other debt [member] | Level 2 [member]
Trading
Trading securities	22,767		21,162
Investment
Investment securities	29,328		25,569
Total gross fair value [member] | Corporate debt and other debt [member] | Level 3 [member]
Trading
Trading securities			7
Investment
Investment securities	141		151
Total gross fair value [member] | Equity securities [member] | Level 1 [member]
Trading
Trading securities	55,847		46,592
Investment
Investment securities	37		36
Total gross fair value [member] | Equity securities [member] | Level 2 [member]
Trading
Trading securities	2,255		3,593
Investment
Investment securities	474		395
Total gross fair value [member] | Equity securities [member] | Level 3 [member]
Trading
Trading securities	2,179		1,874
Investment
Investment securities	431		397
Total gross fair value [member] | Asset-backed securities, CDO [member] | Level 2 [member]
Investment
Investment securities	7,618		7,524
Total gross fair value [member] | Interest rate contracts [member] | Level 2 [member]
Derivatives
Total gross derivatives, assets	35,685		39,804
Total gross fair value [member] | Interest rate contracts [member] | Level 3 [member]
Derivatives
Total gross derivatives, assets	237		263
Total gross fair value [member] | Foreign exchange contracts [member] | Level 2 [member]
Derivatives
Total gross derivatives, assets	65,792		99,424
Total gross fair value [member] | Foreign exchange contracts [member] | Level 3 [member]
Derivatives
Total gross derivatives, assets	7		13
Total gross fair value [member] | Credit derivatives [member] | Level 2 [member]
Derivatives
Total gross derivatives, assets	298		388
Total gross fair value [member] | Other contracts [member] | Level 1 [member]
Derivatives
Total gross derivatives, assets	2,811		3,939
Total gross fair value [member] | Other contracts [member] | Level 2 [member]
Derivatives
Total gross derivatives, assets	13,327		14,786
Total gross fair value [member] | Other contracts [member] | Level 3 [member]
Derivatives
Total gross derivatives, assets	98		62
Total gross fair value [member] | Valuation adjustments [member] | Level 2 [member]
Derivatives
Total gross derivatives, assets	(1,484)		(2,100)
Total gross fair value [member] | Valuation adjustments [member] | Level 3 [member]
Derivatives
Total gross derivatives, assets	3		45
Total gross fair value [member] | Interest rate contracts [member] | Level 2 [member]
Derivatives
Total gross derivatives, liabilities	36,323		39,592
Total gross fair value [member] | Interest rate contracts [member] | Level 3 [member]
Derivatives
Total gross derivatives, liabilities	869		1,122
Total gross fair value [member] | Foreign exchange contracts [member] | Level 2 [member]
Derivatives
Total gross derivatives, liabilities	58,164		94,310
Total gross fair value [member] | Foreign exchange contracts [member] | Level 3 [member]
Derivatives
Total gross derivatives, liabilities	53		145
Total gross fair value [member] | Credit derivatives [member] | Level 2 [member]
Derivatives
Total gross derivatives, liabilities	109		125
Total gross fair value [member] | Other contracts [member] | Level 1 [member]
Derivatives
Total gross derivatives, liabilities	3,408		3,847
Total gross fair value [member] | Other contracts [member] | Level 2 [member]
Derivatives
Total gross derivatives, liabilities	19,256		16,663
Total gross fair value [member] | Other contracts [member] | Level 3 [member]
Derivatives
Total gross derivatives, liabilities	539		847
Total gross fair value [member] | Valuation adjustments [member] | Level 2 [member]
Derivatives
Total gross derivatives, liabilities	(609)		(967)
Total gross fair value [member] | Valuation adjustments [member] | Level 3 [member]
Derivatives
Total gross derivatives, liabilities	(8)		(8)
Recurring [member]
Financial assets
Interest-bearing deposits with banks	81,356		84,468
Trading
Trading securities	176,603		148,205
Investment
Investment securities	117,324		92,891
Assets purchased under reverse repurchase agreements and securities borrowed	296,430		264,665
Loans	10,240		11,365
Derivatives
Total gross derivatives, assets	116,774		156,624
Impact on Positive fair values (Derivative assets) of netting agreements that qualify for balance sheet offset	(860)		(2,185)
Derivatives	115,914		154,439
Other assets	4,370		3,377
Financial assets	802,237		759,410
Deposits
Personal	26,761		22,257
Business and government	139,897		152,566
Bank	10,517		7,196
Other
Obligations related to securities sold short	36,653		35,511
Obligations related to assets sold under repurchase agreements and securities loaned	301,752		248,835
Derivatives
Total gross derivatives, liabilities	118,104		155,676
Impact on Negative fair values (Derivative liabilities) of netting agreements that qualify for balance sheet offset	(860)		(2,185)
Total derivatives	117,244		153,491
Other liabilities	(858)		(291)
Financial liabilities	631,966		619,565
Recurring [member] | Level 3 [member]
Derivatives
Financial liabilities	(281)	$ (250)	(241)	$ (184)	$ (160)	$ (158)
Recurring [member] | Canadian government debt - issued or guaranteed, Federal [member]
Trading
Trading securities	20,662		18,803
Investment
Investment securities	4,834		3,781
Recurring [member] | Canadian government debt - issued or guaranteed, Provincial and municipal [member]
Trading
Trading securities	14,148		13,257
Investment
Investment securities	2,582		2,124
Recurring [member] | U.S. federal state municipal and agencies debt issued or guaranteed [member]
Trading
Trading securities	51,795		36,828
Investment
Investment securities	62,479		44,358
Recurring [member] | Other OECD government debt - issued or guaranteed [member]
Trading
Trading securities	5,709		4,777
Investment
Investment securities	6,417		5,144
Recurring [member] | Mortgage-backed securities [member]
Trading
Trading securities	2		2
Investment
Investment securities	2,551		2,888
Recurring [member] | Asset- backed securities, Non-CDO [member]
Trading
Trading securities	1,239		1,310
Investment
Investment securities	432		524
Recurring [member] | Corporate debt and other debt [member]
Trading
Trading securities	22,767		21,169
Investment
Investment securities	29,469		25,720
Recurring [member] | Equity securities [member]
Trading
Trading securities	60,281		52,059
Investment
Investment securities	942		828
Recurring [member] | Asset-backed securities, CDO [member]
Investment
Investment securities	7,618		7,524
Recurring [member] | Interest rate contracts [member]
Derivatives
Total gross derivatives, assets	35,922		40,067
Recurring [member] | Foreign exchange contracts [member]
Derivatives
Total gross derivatives, assets	65,799		99,437
Recurring [member] | Credit derivatives [member]
Derivatives
Total gross derivatives, assets	298		388
Recurring [member] | Other contracts [member]
Derivatives
Total gross derivatives, assets	16,236		18,787
Recurring [member] | Valuation adjustments [member]
Derivatives
Total gross derivatives, assets	(1,481)		(2,055)
Recurring [member] | Interest rate contracts [member]
Derivatives
Total gross derivatives, liabilities	37,192		40,714
Recurring [member] | Foreign exchange contracts [member]
Derivatives
Total gross derivatives, liabilities	58,217		94,455
Recurring [member] | Credit derivatives [member]
Derivatives
Total gross derivatives, liabilities	109		125
Recurring [member] | Other contracts [member]
Derivatives
Total gross derivatives, liabilities	23,203		21,357
Recurring [member] | Valuation adjustments [member]
Derivatives
Total gross derivatives, liabilities	$ (617)		$ (975)

Fair value of financial instr_6

Fair value of financial instrument - Summary of Fair Value of Assets and Liabilities Measured at Fair Value on a Recurring Basis and Classified Using Fair Value Hierarchy (Parenthetical) (Detail) - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Disclosure of Detailed Information about Financial Instruments [line Items]
Trading securities	$ 176,603	$ 148,205
Investment securities	196,022	170,018
Residential mortgage-backed securities [member]
Disclosure of Detailed Information about Financial Instruments [line Items]
Trading securities	13,037	12,273
Investment securities	21,641	23,362
Commercial mortgage-backed securities [member]
Disclosure of Detailed Information about Financial Instruments [line Items]
Trading securities	0	0
Investment securities	$ 2,462	$ 2,755

Fair value of financial instr_7

Fair value of financial instrument - Changes in Fair Value Measurement for Instruments Measured on a Recurring Basis and Categorized in Level 3 (Detail) - Recurring [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance			$ 759,410
Fair value assets, ending balance	$ 802,237		802,237
Fair value liabilities, beginning balance			619,565
Fair value liabilities, ending balance	631,966		631,966
Level 3 [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	4,141	$ 2,051	2,447	$ 2,204
Gains (losses) included in earnings	(119)	3	(225)	46
Gains (losses) included in OCI	(87)	(3)	1	29
Settlement (sales) and other	(56)	(37)	(245)	(445)
Purchases (issuances)	101	186	1,719	593
Transfers into Level 3	(22)	52	29	(105)
Transfers out of Level 3	37	21	269	(49)
Fair value assets, ending balance	3,995	2,273	3,995	2,273
Gains (losses) included in earnings for positions still held	(77)	17	(176)	228
Fair value liabilities, beginning balance	(250)	(160)	(241)	(158)
Gains (losses) included in earnings	1	3	(26)	(6)
Gains (losses) included in OCI	1		1	(1)
Purchases (issuances)	(80)	(7)	(157)	(86)
Settlement (sales) and other	13	6	19	27
Transfers into Level 3	(16)	(39)	(67)	(75)
Transfers out of Level 3	50	13	190	115
Fair value liabilities, ending balance	(281)	(184)	(281)	(184)
Gains (losses) included in earnings for positions still held	5	5	(8)	10
Level 3 [member] | Investment [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	613	519	576	506
Gains (losses) included in OCI	(12)	2	33	43
Purchases (issuances)	1	2	2	10
Settlement (sales) and other			(9)	(1)
Transfers out of Level 3				(35)
Fair value assets, ending balance	602	523	602	523
Level 3 [member] | Mortgage-backed securities [member] | Investment [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	27	21	28	20
Gains (losses) included in OCI	3	1	1	2
Purchases (issuances)			1
Fair value assets, ending balance	30	22	30	22
Level 3 [member] | Corporate debt and other debt [member] | Investment [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	150	149	151	152
Gains (losses) included in OCI	(9)	3	(2)	0
Settlement (sales) and other			(8)
Fair value assets, ending balance	141	152	141	152
Level 3 [member] | Equities [member] | Investment [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	436	349	397	334
Gains (losses) included in OCI	(6)	(2)	34	41
Purchases (issuances)	1	2	1	10
Settlement (sales) and other			(1)	(1)
Transfers out of Level 3				(35)
Fair value assets, ending balance	431	349	431	349
Level 3 [member] | Interest rate contracts [member] | Net derivative balances, category [Member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	(638)	(663)	(859)	(635)
Gains (losses) included in earnings	(14)	6	(10)	(151)
Gains (losses) included in OCI	1		6	(2)
Settlement (sales) and other	19	(8)	194	58
Purchases (issuances)	1	(7)	(7)	93
Transfers into Level 3	7	15	30	15
Transfers out of Level 3	(8)	2	14	(33)
Fair value assets, ending balance	(632)	(655)	(632)	(655)
Gains (losses) included in earnings for positions still held	(8)		(9)	38
Level 3 [member] | Foreign exchange contracts [member] | Net derivative balances, category [Member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	(56)	24	(132)	47
Gains (losses) included in earnings	3	(13)	4	(60)
Gains (losses) included in OCI	(1)	(2)	10	(1)
Settlement (sales) and other	11	(2)	48	10
Purchases (issuances)	(9)	1	(8)	22
Transfers into Level 3		9		9
Transfers out of Level 3	6	10	32
Fair value assets, ending balance	(46)	27	(46)	27
Gains (losses) included in earnings for positions still held	2	(1)	(2)	(49)
Level 3 [member] | Other contracts [member] | Net derivative balances, category [Member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	(413)	(436)	(785)	(393)
Gains (losses) included in earnings	(43)	10	(6)	194
Gains (losses) included in OCI	11	2	21	(9)
Settlement (sales) and other	17		83	48
Purchases (issuances)	(23)	(23)	(61)	(138)
Transfers into Level 3	(37)	10	(96)	(183)
Transfers out of Level 3	47	42	403	86
Fair value assets, ending balance	(441)	(395)	(441)	(395)
Gains (losses) included in earnings for positions still held	(45)	16	(35)	218
Level 3 [member] | Valuation adjustments [member] | Net derivative balances, category [Member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	16	28	53	20
Settlement (sales) and other	(5)		(42)	(11)
Purchases (issuances)		(7)		(7)
Transfers into Level 3				19
Fair value assets, ending balance	11	21	11	21
Level 3 [member] | Other assets [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	13	15	15
Purchases (issuances)				15
Settlement (sales) and other	(2)		(4)
Fair value assets, ending balance	11	15	11	15
Level 3 [member] | Loans [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	2,410	782	1,692	1,077
Gains (losses) included in earnings	(28)	4	(54)	(9)
Gains (losses) included in OCI	(58)	(1)	(35)	(33)
Purchases (issuances)	61	136	1,300	353
Settlement (sales) and other	(71)	(3)	(452)	(465)
Transfers into Level 3	2	9	30	25
Transfers out of Level 3	(5)	(33)	(170)	(54)
Fair value assets, ending balance	2,311	894	2,311	894
Gains (losses) included in earnings for positions still held	(13)	7		(54)
Level 3 [member] | Trading Securities [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	2,196	1,782	1,887	1,582
Gains (losses) included in earnings	(37)	(4)	(159)	72
Gains (losses) included in OCI	(28)	(4)	(34)	31
Purchases (issuances)	70	84	493	245
Settlement (sales) and other	(25)	(24)	(63)	(84)
Transfers into Level 3	6	9	65	10
Transfers out of Level 3	(3)		(10)	(13)
Fair value assets, ending balance	2,179	1,843	2,179	1,843
Gains (losses) included in earnings for positions still held	(13)	(5)	(130)	75
Level 3 [member] | Trading Securities [member] | U.S. state, municipal and agencies debt - issued or guaranteed [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance		16	4	25
Gains (losses) included in OCI				1
Settlement (sales) and other		(6)	(4)	(16)
Fair value assets, ending balance		10		10
Level 3 [member] | Trading Securities [member] | Asset-backed securities, Non-CDO securities [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance		2	2	2
Settlement (sales) and other			(2)
Fair value assets, ending balance		2		2
Level 3 [member] | Trading Securities [member] | Corporate debt and other debt [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	19	5	7	25
Gains (losses) included in earnings				(2)
Purchases (issuances)			2
Settlement (sales) and other	(16)	(2)	(16)	(7)
Transfers into Level 3		9	17	9
Transfers out of Level 3	(3)		(10)	(13)
Fair value assets, ending balance		12		12
Level 3 [member] | Trading Securities [member] | Equities [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	2,177	1,759	1,874	1,530
Gains (losses) included in earnings	(37)	(4)	(159)	74
Gains (losses) included in OCI	(28)	(4)	(34)	30
Purchases (issuances)	70	84	491	245
Settlement (sales) and other	(9)	(16)	(41)	(61)
Transfers into Level 3	6		48	1
Fair value assets, ending balance	2,179	1,819	2,179	1,819
Gains (losses) included in earnings for positions still held	(13)	(5)	(130)	75
Level 3 [member] | Deposits - Personal [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value liabilities, beginning balance	(250)	(157)	(241)	(151)
Gains (losses) included in earnings	1	3	(26)	(6)
Gains (losses) included in OCI	1		1	(1)
Purchases (issuances)	(80)	(7)	(157)	(86)
Settlement (sales) and other	13	6	19	23
Transfers into Level 3	(16)	(39)	(67)	(75)
Transfers out of Level 3	50	13	190	115
Fair value liabilities, ending balance	(281)	(181)	(281)	(181)
Gains (losses) included in earnings for positions still held	$ 5	5	$ (8)	10
Level 3 [member] | Other liabilities [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value liabilities, beginning balance		(3)		(7)
Settlement (sales) and other				4
Fair value liabilities, ending balance		$ (3)		$ (3)

Fair value of financial instr_8

Fair value of financial instrument - Changes in Fair Value Measurement for Instruments Measured on a Recurring Basis and Categorized in Level 3 (Parenthetical) (Detail) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Oct. 31, 2022
Disclosure of fair value measurement of assets and liabilities [line Items]
Derivative assets	$ 115,914		$ 115,914		$ 154,439
Derivative liabilities	117,244		117,244		153,491
Recurring [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Derivative assets	115,914		115,914		154,439
Derivative liabilities	117,244		117,244		$ 153,491
Investment [member] | Level 3 [member] | Recurring [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Unrealized gains (losses), excluding foreign currency translation, recognized in OCI	3	$ 9	33	$ 53
Net derivative balances, category [Member] | Level 3 [member] | Recurring [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Derivative assets	345	571	345	571
Derivative liabilities	$ 1,453	$ 1,573	$ 1,453	$ 1,573

Fair value of financial instr_9

Fair value of financial instruments - Summary of Net Interest Income From Financial Instruments (Detail) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disclosure of detailed information about financial instruments [line items]
Interest income	$ 22,834	$ 10,737	$ 62,489	$ 25,873
Interest expense	16,548	4,847	43,902	9,438
Net interest income	6,286	5,890	18,587	16,435
Interest and dividend income [member] | Financial assets measured at fair value through profit or loss [member]
Disclosure of detailed information about financial instruments [line items]
Interest income	8,546	2,879	22,203	5,873
Interest and dividend income [member] | Financial assets measured at fair value through other comprehensive income [member]
Disclosure of detailed information about financial instruments [line items]
Interest income	1,383	312	3,439	513
Interest and dividend income [member] | Financial assets measured at amortized cost [member]
Disclosure of detailed information about financial instruments [line items]
Interest income	12,905	7,546	36,847	19,487
Interest expense [member] | Financial liabilities measured at fair value through profit or loss [member]
Disclosure of detailed information about financial instruments [line items]
Interest expense	7,531	2,346	20,046	4,292
Interest expense [member] | Financial liabilities measured at amortized cost [member]
Disclosure of detailed information about financial instruments [line items]
Interest expense	$ 9,017	$ 2,501	$ 23,856	$ 5,146

Fair value of financial inst_10

Fair value of financial instruments - Summary of Net Interest Income From Financial Instruments (Parenthetical) (Detail) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disclosure of detailed information about financial instruments [line items]
Insurance premiums, investment and fee income	$ 1,848	$ 1,233	$ 5,086	$ 2,866
Dividend income	803	730	2,396	2,170
Interest income [member]
Disclosure of detailed information about financial instruments [line items]
Insurance premiums, investment and fee income	112	143	344	486
Interest expense [member]
Disclosure of detailed information about financial instruments [line items]
Insurance premiums, investment and fee income	$ 13	$ 1	$ 25	$ 4

Securities - Summary of Unreali

Securities - Summary of Unrealized Gains and Losses on Securities at Fair Value through Other Comprehensive Income (Detail) - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Disclosure of financial assets [line items]
Cost/Amortized cost	$ 119,469	$ 95,630
Gross unrealized gains	594	696
Gross unrealized losses	(2,739)	(3,435)
Fair value	117,324	92,891
Canadian government debt - issued or guaranteed, Federal [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	5,144	4,081
Gross unrealized gains	2	1
Gross unrealized losses	(312)	(301)
Fair value	4,834	3,781
Canadian government debt - issued or guaranteed, Provincial and municipal [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	3,117	2,685
Gross unrealized gains	5	6
Gross unrealized losses	(540)	(567)
Fair value	2,582	2,124
U.S. federal, state, municipal and agencies debt - issued or guaranteed [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	63,945	46,034
Gross unrealized gains	209	343
Gross unrealized losses	(1,675)	(2,019)
Fair value	62,479	44,358
Other OECD government debt - issued or guaranteed [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	6,419	5,154
Gross unrealized gains	3	7
Gross unrealized losses	(5)	(17)
Fair value	6,417	5,144
Mortgage-backed securities [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	2,608	2,985
Gross unrealized gains	1	1
Gross unrealized losses	(58)	(98)
Fair value	2,551	2,888
Asset-backed securities, CDO [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	7,674	7,741
Gross unrealized gains	4	3
Gross unrealized losses	(60)	(220)
Fair value	7,618	7,524
Asset-backed securities, Non CDO [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	439	547
Gross unrealized gains	2
Gross unrealized losses	(9)	(23)
Fair value	432	524
Corporate debt and other debt [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	29,496	25,852
Gross unrealized gains	47	51
Gross unrealized losses	(74)	(183)
Fair value	29,469	25,720
Equities [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	627	551
Gross unrealized gains	321	284
Gross unrealized losses	(6)	(7)
Fair value	$ 942	$ 828

Securities - Summary of Unrea_2

Securities - Summary of Unrealized Gains and Losses on Securities at Fair Value through Other Comprehensive Income (Parenthetical) (Detail) - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Disclosure of financial assets [line items]
Amortized cost	$ 119,469	$ 95,630
Allowance for credit losses on debt securities at FVOCI	(23)	(19)
Held-to-collect securities category [member]
Disclosure of financial assets [line items]
Amortized cost	$ 78,698	$ 77,127

Securities - Summary of Allowan

Securities - Summary of Allowance for Credit Losses - Securities at FVOCI (Detail) - Debt securities at fair value through other comprehensive income [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disclosure of financial assets [line items]
Balance at beginning of period	$ (20)	$ (13)	$ (19)	$ (9)
Provision for credit losses
Purchases	1	1	4	2
Sales and maturities	(1)		(2)	(1)
Changes in risk, parameters and exposures	(5)	(4)	(9)	(8)
Exchange rate and other	2		3
Balance at end of period	(23)	(16)	(23)	(16)
Performing Stage one [member]
Disclosure of financial assets [line items]
Balance at beginning of period	3	2	3	2
Provision for credit losses
Transfers to stage 1	1	1	1	1
Purchases	1	1	4	2
Sales and maturities			(1)	(1)
Changes in risk, parameters and exposures	(2)	(2)	(3)	(1)
Exchange rate and other			(1)	(1)
Balance at end of period	3	2	3	2
Performing Stage two [member]
Disclosure of financial assets [line items]
Balance at beginning of period	2	2	1	1
Provision for credit losses
Transfers to stage 1	(1)	(1)	(1)	(1)
Sales and maturities	(1)		(1)
Changes in risk, parameters and exposures	(1)		1
Exchange rate and other	1			1
Balance at end of period		1		1
Impaired Stage three [member]
Disclosure of financial assets [line items]
Balance at beginning of period	(25)	(17)	(23)	(12)
Provision for credit losses
Changes in risk, parameters and exposures	(2)	(2)	(7)	(7)
Exchange rate and other	1		4
Balance at end of period	$ (26)	$ (19)	$ (26)	$ (19)

Securities - Summary of Allow_2

Securities - Summary of Allowance for Credit Losses - Securities at Amortized Cost (Detail) - Debt securities at amortized cost [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 22	$ 25	$ 22	$ 23
Provision for credit losses
Purchases	3	1	8	9
Sales and maturities				(1)
Changes in risk, parameters and exposures	1	(5)	(5)	(10)
Exchange rate and other	(2)	1	(1)	1
Balance at end of period	24	22	24	22
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	9	9	8	5
Provision for credit losses
Purchases	3	1	8	9
Sales and maturities				(1)
Changes in risk, parameters and exposures	(1)	(3)	(6)	(6)
Exchange rate and other	(1)
Balance at end of period	10	7	10	7
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	13	16	14	18
Provision for credit losses
Changes in risk, parameters and exposures	2	(2)	1	(4)
Exchange rate and other	(1)	1	(1)	1
Balance at end of period	$ 14	$ 15	$ 14	$ 15

Securities - Summary of Credit

Securities - Summary of Credit Risk Exposure by Internal Risk Rating (Detail) - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Disclosure of credit risk exposure [line items]
Amortized cost	$ 119,469	$ 95,630
Securities measured at fair value through other comprehensive income [member]
Disclosure of credit risk exposure [line items]
Investment grade	115,553	91,233
Non-investment grade	688	680
Impaired	141	150
Carrying amount of securities measured at FVOCI subject to impairment	116,382	92,063
Items not subject to impairment	942	828
Carrying amount of securities measured at FVOCI	117,324	92,891
Securities measured at amortized cost [member]
Disclosure of credit risk exposure [line items]
Investment grade	77,572	76,035
Non-investment grade	1,150	1,114
Amount before allowance for credit losses	78,722	77,149
Allowance for credit losses	24	22
Amortized cost	78,698	77,127
Performing Stage one [member] | Securities measured at fair value through other comprehensive income [member]
Disclosure of credit risk exposure [line items]
Investment grade	115,552	91,177
Non-investment grade	688	680
Carrying amount of securities measured at FVOCI subject to impairment	116,240	91,857
Performing Stage one [member] | Securities measured at amortized cost [member]
Disclosure of credit risk exposure [line items]
Investment grade	77,572	76,035
Non-investment grade	948	898
Amount before allowance for credit losses	78,520	76,933
Allowance for credit losses	10	8
Amortized cost	78,510	76,925
Performing Stage two [member] | Securities measured at fair value through other comprehensive income [member]
Disclosure of credit risk exposure [line items]
Investment grade	1	56
Carrying amount of securities measured at FVOCI subject to impairment	1	56
Performing Stage two [member] | Securities measured at amortized cost [member]
Disclosure of credit risk exposure [line items]
Non-investment grade	202	216
Amount before allowance for credit losses	202	216
Allowance for credit losses	14	14
Amortized cost	188	202
Impaired Stage three [member] | Securities measured at fair value through other comprehensive income [member]
Disclosure of credit risk exposure [line items]
Impaired	141	150
Carrying amount of securities measured at FVOCI subject to impairment	$ 141	$ 150

Securities - Summary of Credi_2

Securities - Summary of Credit Risk Exposure by Internal Risk Rating (Parenthetical) (Detail) - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Purchased Credit Impaired [member]
Disclosure of credit risk exposure [line items]
Securities at Fair Value Through Other Comprehensive Income	$ 141	$ 150

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Disclosure of Allowance for Credit Losses (Detail) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Customers' liability under acceptances [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 41	$ 41	$ 45	$ 75
Provision for credit losses	1	(12)	(4)	(46)
Exchange rate changes/other	(1)	1		1
Balance at end of period	41	30	41	30
Allowance for credit losses [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	4,777	3,887	4,181	4,419
Provision for credit losses	619	347	1,763	117
Net write-offs	(355)	(200)	(849)	(509)
Exchange rate changes/other	(82)	(23)	(136)	(16)
Balance at end of period	4,959	4,011	4,959	4,011
Allowance for credit losses [member] | Allowance for Loan Losses [Member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	4,332	3,566	3,753	4,089
Balance at end of period	4,495	3,667	4,495	3,667
Allowance for credit losses [member] | Other Liabilities And Provisions [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	397	275	378	241
Balance at end of period	416	309	416	309
Allowance for credit losses [member] | Customers' liability under acceptances [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	41	41	45	75
Balance at end of period	41	30	41	30
Allowance for credit losses [member] | Other components of equity [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	7	5	5	14
Balance at end of period	7	5	7	5
Retail [member] | Residential mortgages [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	480	388	432	416
Provision for credit losses	(5)	51	57	29
Net write-offs	(4)	(7)	(13)	(19)
Exchange rate changes/other	(8)	(3)	(13)	3
Balance at end of period	463	429	463	429
Retail [member] | Personal [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	1,165	943	1,043	1,079
Provision for credit losses	97	107	402	86
Net write-offs	(106)	(60)	(287)	(172)
Exchange rate changes/other	(4)		(6)	(3)
Balance at end of period	1,152	990	1,152	990
Retail [member] | Credit cards [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	980	795	893	875
Provision for credit losses	154	128	459	201
Net write-offs	(117)	(89)	(334)	(243)
Exchange rate changes/other		1	(1)	2
Balance at end of period	1,017	835	1,017	835
Retail [member] | Small business [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	225	179	194	177
Provision for credit losses	23	10	70	18
Net write-offs	(11)	(5)	(27)	(15)
Exchange rate changes/other	(2)	3	(2)	7
Balance at end of period	235	187	235	187
Wholesale [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	1,886	1,541	1,574	1,797
Provision for credit losses	349	63	779	(171)
Net write-offs	(117)	(39)	(188)	(60)
Exchange rate changes/other	(67)	(25)	(114)	(26)
Balance at end of period	$ 2,051	$ 1,540	$ 2,051	$ 1,540

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Reconciliation of Allowance for Credit Losses - Residential Mortgages (Detail) - Retail [member] - Residential mortgages [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 480	$ 388	$ 432	$ 416
Provision for credit losses
Originations	22	55	65	114
Maturities	(8)	(7)	(18)	(23)
Changes in risk, parameters and exposures	(19)	3	10	(62)
Write-offs	(7)	(9)	(23)	(29)
Recoveries	3	2	10	10
Exchange rate and other	(8)	(3)	(13)	3
Balance at end of period	463	429	463	429
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	238	184	235	186
Provision for credit losses
Transfers to Stage 1	38	22	70	82
Transfers to Stage 2	(4)	(2)	(23)	(8)
Transfers to Stage 3			(1)	(1)
Originations	22	55	65	114
Maturities	(4)	(6)	(12)	(18)
Changes in risk, parameters and exposures	(63)	(21)	(107)	(125)
Exchange rate and other		(2)
Balance at end of period	227	230	227	230
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	103	71	65	92
Provision for credit losses
Transfers to Stage 1	(38)	(17)	(70)	(67)
Transfers to Stage 2	6	3	31	10
Transfers to Stage 3	(4)	(5)	(9)	(20)
Maturities	(4)	(1)	(6)	(5)
Changes in risk, parameters and exposures	29	21	80	60
Exchange rate and other	(2)		(1)	2
Balance at end of period	90	72	90	72
Impaired Stage three [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	139	133	132	138
Provision for credit losses
Transfers to Stage 1		(5)		(15)
Transfers to Stage 2	(2)	(1)	(8)	(2)
Transfers to Stage 3	4	5	10	21
Changes in risk, parameters and exposures	15	3	37	3
Write-offs	(7)	(9)	(23)	(29)
Recoveries	3	2	10	10
Exchange rate and other	(6)	(1)	(12)	1
Balance at end of period	$ 146	$ 127	$ 146	$ 127

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Reconciliation of Allowance for Credit Losses - Personal (Detail) - Retail [member] - Personal [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 1,165	$ 943	$ 1,043	$ 1,079
Provision for credit losses
Originations	31	30	79	78
Maturities	(42)	(40)	(114)	(128)
Changes in risk, parameters and exposures	108	117	437	136
Write-offs	(135)	(94)	(371)	(269)
Recoveries	29	34	84	97
Exchange rate and other	(4)		(6)	(3)
Balance at end of period	1,152	990	1,152	990
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	298	310	285	422
Provision for credit losses
Transfers to Stage 1	177	132	474	459
Transfers to Stage 2	(20)	(30)	(63)	(91)
Transfers to Stage 3			(1)	(1)
Originations	31	30	79	78
Maturities	(10)	(16)	(32)	(54)
Changes in risk, parameters and exposures	(182)	(133)	(450)	(520)
Exchange rate and other	(2)
Balance at end of period	292	293	292	293
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	747	550	661	569
Provision for credit losses
Transfers to Stage 1	(177)	(131)	(473)	(457)
Transfers to Stage 2	21	30	65	91
Transfers to Stage 3	(13)	(12)	(38)	(37)
Maturities	(32)	(24)	(82)	(74)
Changes in risk, parameters and exposures	189	200	604	521
Exchange rate and other	1		(1)
Balance at end of period	736	613	736	613
Impaired Stage three [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	120	83	97	88
Provision for credit losses
Transfers to Stage 1		(1)	(1)	(2)
Transfers to Stage 2	(1)		(2)
Transfers to Stage 3	13	12	39	38
Changes in risk, parameters and exposures	101	50	283	135
Write-offs	(135)	(94)	(371)	(269)
Recoveries	29	34	84	97
Exchange rate and other	(3)		(5)	(3)
Balance at end of period	$ 124	$ 84	$ 124	$ 84

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Reconciliation of Allowance for Credit Losses - Credit Cards (Detail) - Retail [member] - Credit cards [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 980	$ 795	$ 893	$ 875
Provision for credit losses
Originations	3	1	10	7
Maturities	(12)	(9)	(29)	(26)
Changes in risk, parameters and exposures	163	136	478	220
Write-offs	(164)	(132)	(465)	(370)
Recoveries	47	43	131	127
Exchange rate and other		1	(1)	2
Balance at end of period	1,017	835	1,017	835
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	199	169	177	233
Provision for credit losses
Transfers to Stage 1	120	99	409	374
Transfers to Stage 2	(31)	(21)	(73)	(72)
Transfers to Stage 3		(1)	(1)	(2)
Originations	3	1	10	7
Maturities	(3)	(1)	(5)	(4)
Changes in risk, parameters and exposures	(92)	(71)	(320)	(362)
Exchange rate and other			(1)	1
Balance at end of period	196	175	196	175
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	781	626	716	642
Provision for credit losses
Transfers to Stage 1	(120)	(99)	(409)	(374)
Transfers to Stage 2	31	21	73	72
Transfers to Stage 3	(103)	(87)	(295)	(238)
Maturities	(9)	(8)	(24)	(22)
Changes in risk, parameters and exposures	241	207	760	580
Balance at end of period	821	660	821	660
Impaired Stage three [member]
Provision for credit losses
Transfers to Stage 3	103	88	296	240
Changes in risk, parameters and exposures	14		38	2
Write-offs	(164)	(132)	(465)	(370)
Recoveries	$ 47	43	$ 131	127
Exchange rate and other		$ 1		$ 1

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Reconciliation of Allowance for Credit Losses - Small Business (Detail) - Retail [member] - Small business [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 225	$ 179	$ 194	$ 177
Provision for credit losses
Originations	12	8	28	25
Maturities	(8)	(13)	(25)	(36)
Changes in risk, parameters and exposures	19	15	67	29
Write-offs	(14)	(7)	(35)	(22)
Recoveries	3	2	8	7
Exchange rate and other	(2)	3	(2)	7
Balance at end of period	235	187	235	187
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	76	77	73	88
Provision for credit losses
Transfers to Stage 1	9	9	27	18
Transfers to Stage 2	(4)	(4)	(11)	(12)
Transfers to Stage 3	1	(1)		(1)
Originations	12	8	28	25
Maturities	(4)	(6)	(11)	(17)
Changes in risk, parameters and exposures	(13)	(8)	(31)	(31)
Exchange rate and other	1	3	3	8
Balance at end of period	78	78	78	78
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	79	66	73	55
Provision for credit losses
Transfers to Stage 1	(9)	(9)	(27)	(18)
Transfers to Stage 2	4	4	11	12
Transfers to Stage 3	(3)		(7)	(2)
Maturities	(4)	(7)	(14)	(19)
Changes in risk, parameters and exposures	11	12	39	36
Exchange rate and other		3	3	5
Balance at end of period	78	69	78	69
Impaired Stage three [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	70	36	48	34
Provision for credit losses
Transfers to Stage 3	2	1	7	3
Changes in risk, parameters and exposures	21	11	59	24
Write-offs	(14)	(7)	(35)	(22)
Recoveries	3	2	8	7
Exchange rate and other	(3)	(3)	(8)	(6)
Balance at end of period	$ 79	$ 40	$ 79	$ 40

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Reconciliation of Allowance for Credit Losses - Wholesale (Detail) - Wholesale [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 1,886	$ 1,541	$ 1,574	$ 1,797
Provision for credit losses
Originations	169	165	481	448
Maturities	(205)	(171)	(550)	(560)
Changes in risk, parameters and exposures	385	69	848	(59)
Write-offs	(126)	(48)	(212)	(97)
Recoveries	9	9	24	37
Exchange rate and other	(67)	(25)	(114)	(26)
Balance at end of period	2,051	1,540	2,051	1,540
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	668	483	597	566
Provision for credit losses
Transfers to Stage 1	45	66	145	334
Transfers to Stage 2	(28)	(14)	(63)	(55)
Transfers to Stage 3	(3)		(7)	(2)
Originations	169	165	481	448
Maturities	(129)	(103)	(345)	(301)
Changes in risk, parameters and exposures	(34)	(48)	(120)	(444)
Exchange rate and other	(10)	(5)	(10)	(2)
Balance at end of period	678	544	678	544
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	632	590	585	794
Provision for credit losses
Transfers to Stage 1	(44)	(66)	(144)	(331)
Transfers to Stage 2	29	15	65	56
Transfers to Stage 3	(17)	(21)	(44)	(48)
Maturities	(76)	(68)	(205)	(259)
Changes in risk, parameters and exposures	208	130	477	354
Exchange rate and other	(10)	(5)	(12)	9
Balance at end of period	722	575	722	575
Impaired Stage three [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	586	468	392	437
Provision for credit losses
Transfers to Stage 1	(1)		(1)	(3)
Transfers to Stage 2	(1)	(1)	(2)	(1)
Transfers to Stage 3	20	21	51	50
Changes in risk, parameters and exposures	211	(13)	491	31
Write-offs	(126)	(48)	(212)	(97)
Recoveries	9	9	24	37
Exchange rate and other	(47)	(15)	(92)	(33)
Balance at end of period	$ 651	$ 421	$ 651	$ 421

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses, Key Inputs and Assumptions - Additional Information (Detail) - $ / Perbarrel	3 Months Ended			12 Months Ended			48 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2028	Jun. 30, 2028	Dec. 31, 2027
Oil price (West Texas Intermediate) average price [member] | Downside Scenario [member] | Next Twelve Months [Member]
Statement [Line Items]
Average value macroeconomic drivers oil price per barrel				27
Oil price (West Texas Intermediate) average price [member] | Downside Scenario [member] | Next Two To Five Years [Member]
Statement [Line Items]
Average value macroeconomic drivers oil price per barrel							42
Oil price (West Texas Intermediate) average price [member] | Base Scenario [member] | Next Two To Five Years [Member]
Statement [Line Items]
Average value macroeconomic drivers oil price per barrel							68	70	72
Oil price (West Texas Intermediate) average price [member] | Base Scenario [member] | Next Twelve Months [Member]
Statement [Line Items]
Average value macroeconomic drivers oil price per barrel				75	82	88
Oil price (West Texas Intermediate) average price [member] | Upside Scenario [member] | Next Twelve Months [Member]
Statement [Line Items]
Average value macroeconomic drivers oil price per barrel				91
Oil price (West Texas Intermediate) average price [member] | Upside Scenario [member] | Next Two To Five Years [Member]
Statement [Line Items]
Average value macroeconomic drivers oil price per barrel							72
Canadian unemployment rate [member] | Quarterly Average [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage	6.60%		5.40%
US unemployment rate [member] | Quarterly Average [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage	4.80%		3.90%
Canada GDP growth rate [member] | Above Q4 2022 levels [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage		0.70%
U.S. GDP growth rate [member] | Above Q4 2022 levels [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage		0.20%
Canadian housing price index [member] | Base Scenario [member] | Next Two To Five Years [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage							4.20%	4.80%	5.20%
Canadian housing price index [member] | Base Scenario [member] | Next Twelve Months [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage				2.30%	1.80%	(1.00%)
Canadian housing price index growth rate [member] | Upside Scenario [member] | Next Twelve Months [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage				10.90%
Canadian housing price index growth rate [member] | Upside Scenario [member] | Next Two To Five Years [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage							9.60%
Canadian housing price index growth rate [member] | Alternative Downside Scenario [Member] | Next Twelve Months [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage				(30.00%)
Canadian housing price index growth rate [member] | Alternative Downside Scenario [Member] | Next Two To Five Years [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage							4.20%

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Summary of Gross Carrying Amount of Loans Measured at Amortized Cost - Residential Mortgage (Detail) - Residential mortgages [member] - Retail loans [member] - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 428,951	$ 418,348
Items not subject to impairment	472	448
Gross carrying amount of financial assets	429,423	418,796
Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	349,151	343,289
Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	19,793	16,967
High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	5,960	4,313
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	53,428	53,219
Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	619	560
Stage one loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	417,163	408,854
Stage one loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	345,290	340,716
Stage one loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	18,059	15,035
Stage one loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,523	1,188
Stage one loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	52,291	51,915
Stage two loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	11,169	8,934
Stage two loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	3,861	2,573
Stage two loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,734	1,932
Stage two loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	4,437	3,125
Stage two loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,137	1,304
Stage three loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	619	560
Stage three loan [member] | Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 619	$ 560

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Summary of Gross Carrying Amount of Loans Measured at Amortized Cost - Personal (Detail) - Personal [member] - Retail loans [member] - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 96,237	$ 97,709
Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	76,432	75,914
Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	7,983	9,262
High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,438	2,496
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	9,139	9,837
Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	245	200
Stage one loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	88,264	89,390
Stage one loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	73,973	73,339
Stage one loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	4,833	5,482
Stage one loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	450	836
Stage one loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	9,008	9,733
Stage two loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	7,728	8,119
Stage two loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,459	2,575
Stage two loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	3,150	3,780
Stage two loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,988	1,660
Stage two loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	131	104
Stage three loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	245	200
Stage three loan [member] | Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 245	$ 200

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses - Summary of Gross Carrying Amount of Loans Measured at Amortized Cost - Credit Cards (Detail) - Credit cards [member] - Retail loans [member] - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 22,312	$ 20,577
Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	16,226	15,171
Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	3,674	3,329
High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,617	1,294
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	795	783
Stage one loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	18,589	17,296
Stage one loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	16,104	15,088
Stage one loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,683	1,418
Stage one loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	40	39
Stage one loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	762	751
Stage two loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	3,723	3,281
Stage two loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	122	83
Stage two loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,991	1,911
Stage two loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,577	1,255
Stage two loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 33	$ 32

Loans and Allowance for Cred_13

Loans and Allowance for Credit Losses - Summary of Gross Carrying Amount of Loans Measured at Amortized Cost - Small Business (Detail) - Small business [member] - Retail loans [member] - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 13,240	$ 12,669
Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	9,446	9,409
Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,937	2,642
High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	617	477
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	8	3
Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	232	138
Stage one loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	10,573	10,188
Stage one loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	8,522	8,571
Stage one loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,949	1,512
Stage one loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	94	102
Stage one loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	8	3
Stage two loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,435	2,343
Stage two loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	924	838
Stage two loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	988	1,130
Stage two loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	523	375
Stage three loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	232	138
Stage three loan [member] | Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 232	$ 138

Loans and Allowance for Cred_14

Loans and Allowance for Credit Losses - Summary of Gross Carrying Amount of Loans Measured at Amortized Cost - Undrawn Loan Commitments Retail (Detail) - Undrawn loan commitments - retail [member] - Retail loans [member] - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 281,398	$ 264,957
Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	262,752	248,661
Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	10,822	9,267
High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,287	1,243
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	6,537	5,786
Stage one exposure [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	279,257	263,185
Stage one exposure [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	261,434	247,620
Stage one exposure [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	10,529	9,021
Stage one exposure [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	886	876
Stage one exposure [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	6,408	5,668
Stage two exposure [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,141	1,772
Stage two exposure [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,318	1,041
Stage two exposure [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	293	246
Stage two exposure [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	401	367
Stage two exposure [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 129	$ 118

Loans and Allowance for Cred_15

Loans and Allowance for Credit Losses - Summary of Gross Carrying Amount of Loans Measured at Amortized Cost - Wholesale (Detail) - Wholesale [member] - Loans outstanding [member] - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 270,077	$ 263,831
Items not subject to impairment	8,920	10,136
Gross carrying amount of financial assets	278,997	273,967
Investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	88,694	88,715
Non investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	169,376	161,666
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	9,819	12,149
Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,188	1,301
Stage one loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	248,500	246,210
Stage one loan [member] | Investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	88,108	88,513
Stage one loan [member] | Non investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	150,845	145,908
Stage one loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	9,547	11,789
Stage two loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	19,389	16,320
Stage two loan [member] | Investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	586	202
Stage two loan [member] | Non investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	18,531	15,758
Stage two loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	272	360
Stage three loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,188	1,301
Stage three loan [member] | Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 2,188	$ 1,301

Loans and Allowance for Cred_16

Loans and Allowance for Credit Losses - Summary of Gross Carrying Amount of Loans Measured at Amortized Cost - Undrawn Loan Commitments Wholesale (Detail) - Wholesale [member] - Undrawn loan commitments [member] - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 442,902	$ 425,235
Investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	302,039	284,660
Non investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	136,673	136,882
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	4,190	3,693
Stage one exposure [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	430,426	414,398
Stage one exposure [member] | Investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	301,814	284,481
Stage one exposure [member] | Non investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	124,422	126,225
Stage one exposure [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	4,190	3,692
Stage two exposure [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	12,476	10,837
Stage two exposure [member] | Investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	225	179
Stage two exposure [member] | Non investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 12,251	10,657
Stage two exposure [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment		$ 1

Loans and Allowance for Cred_17

Loans and Allowance for Credit Losses - Disclosure of Loans Past Due But Not Impaired (Detail) - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	$ 2,935	$ 2,777
Retail [member]
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	1,810	1,496
Wholesale [member]
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	1,125	1,281
30 to 89 days [member]
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	2,705	2,607
30 to 89 days [member] | Retail [member]
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	1,643	1,328
30 to 89 days [member] | Wholesale [member]
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	1,062	1,279
90 Days and Greater [member]
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	230	170
90 Days and Greater [member] | Retail [member]
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	167	168
90 Days and Greater [member] | Wholesale [member]
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	$ 63	$ 2

Significant acquisition and d_2

Significant acquisition and disposition - Additional Information (Detail) - CAD ($) $ in Millions	Jul. 03, 2023	Jul. 31, 2023	Jun. 30, 2023	Nov. 29, 2022	Oct. 31, 2022
Statement [Line Items]
Assets		$ 1,957,734			$ 1,917,219
Liabilities		$ 1,845,305			$ 1,809,044
Disposal groups classified as held for sale [member]
Statement [Line Items]
Assets	$ 2,700
Liabilities	2,700
Disposal groups classified as held for sale [member] | Non-Interest income [member] | Wealth Management [member]
Statement [Line Items]
Gain on sale of asset servicing activities, pre tax	69
Gain on sale of asset servicing activities, after tax	$ 77
HSBC Canada [member]
Statement [Line Items]
Percentage of voting equity interests acquired				100%
Cash transferred				$ 13,500
Par value of preferred shares and subordinated debt			$ 2,100

Deposits - Summary of Deposit L

Deposits - Summary of Deposit Liabilities (Detail) - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Disclosure of deposits [line items]
Demand	$ 504,774	$ 562,107
Notice	74,667	83,088
Term	636,230	563,619
Total deposits	1,215,671	1,208,814
Deposits - Personal [member]
Disclosure of deposits [line items]
Demand	188,600	203,645
Notice	56,910	64,743
Term	188,537	136,544
Total deposits	434,047	404,932
Deposits - Business and government [member]
Disclosure of deposits [line items]
Demand	307,865	348,004
Notice	16,864	17,855
Term	412,001	394,011
Total deposits	736,730	759,870
Deposits - Bank [member]
Disclosure of deposits [line items]
Demand	8,309	10,458
Notice	893	490
Term	35,692	33,064
Total deposits	44,894	44,012
Deposits - Personal, Business and government, and Bank [member]
Disclosure of deposits [line items]
Demand	504,774	562,107
Notice	74,667	83,088
Term	636,230	563,619
Total deposits	1,215,671	1,208,814
Canada [member] | Non-interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	134,054	149,737
Notice	6,535	7,797
Term	182	466
Total deposits	140,771	158,000
Canada [member] | Interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	298,923	305,779
Notice	15,090	17,982
Term	478,242	409,586
Total deposits	792,255	733,347
United States [member] | Non-interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	39,060	52,702
Total deposits	39,060	52,702
United States [member] | Interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	14,751	11,410
Notice	52,593	57,055
Term	85,048	85,111
Total deposits	152,392	153,576
Europe [member] | Non-interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	131	620
Total deposits	131	620
Europe [member] | Interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	5,244	28,276
Notice	359	254
Term	54,012	52,144
Total deposits	59,615	80,674
Other International [member] | Non-interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	7,177	7,840
Total deposits	7,177	7,840
Other International [member] | Interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	5,434	5,743
Notice	90
Term	18,746	16,312
Total deposits	$ 24,270	$ 22,055

Deposits - Summary of Deposit_2

Deposits - Summary of Deposit Liabilities (Parenthetical) (Detail) - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Disclosure of deposits [line items]
Total deposits	$ 1,215,671	$ 1,208,814
U.S. dollars [member]
Disclosure of deposits [line items]
Total deposits	439,000	465,000
British pounds [member]
Disclosure of deposits [line items]
Total deposits	36,000	35,000
Euro [member]
Disclosure of deposits [line items]
Total deposits	48,000	50,000
Other currencies [member]
Disclosure of deposits [line items]
Total deposits	$ 31,000	$ 30,000

Deposits - Summary of Contractu

Deposits - Summary of Contractual Maturities of Term Deposit Liabilities (Detail) - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Disclosure of deposits [line items]
Term deposit liabilities	$ 636,230	$ 563,619
Aggregate amount of term deposits in denominations of one hundred thousand dollars or more	583,000	521,000
Less than 3 months [member]
Disclosure of deposits [line items]
Term deposit liabilities	188,346	159,602
3 to 6 months [member]
Disclosure of deposits [line items]
Term deposit liabilities	79,326	61,996
6 to 12 months [member]
Disclosure of deposits [line items]
Term deposit liabilities	135,725	156,531
1 to 2 years [member]
Disclosure of deposits [line items]
Term deposit liabilities	68,666	49,225
2 to 3 years [member]
Disclosure of deposits [line items]
Term deposit liabilities	47,961	42,809
3 to 4 years [member]
Disclosure of deposits [line items]
Term deposit liabilities	35,921	27,609
4 to 5 years [member]
Disclosure of deposits [line items]
Term deposit liabilities	37,649	33,835
Over 5 years [member]
Disclosure of deposits [line items]
Term deposit liabilities	$ 42,636	$ 32,012

Employee benefits - Pension a_3

Employee benefits - Pension and other post-employment benefits - Summary of Composition of Pension and Other Post-employment Benefit Expense (Detail) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disclosure of pension and other post employment plan [Line Items]
Total pension and other post-employment benefit expense	$ 4,794	$ 3,858	$ 14,270	$ 12,145
Defined benefit pension plans [member] | Pension Expense [Member]
Disclosure of pension and other post employment plan [Line Items]
Current service costs	48	77	146	232
Past service costs				(1)
Net interest expense (income)	(40)	(21)	(121)	(63)
Administrative expense	3	3	9	10
Defined benefit pension expense	11	59	34	178
Defined contribution pension plans [Member] | Pension Expense [Member]
Disclosure of pension and other post employment plan [Line Items]
Defined contribution pension expense	84	58	245	188
Defined benefit and contribution pension plans [member] | Pension Expense [Member]
Disclosure of pension and other post employment plan [Line Items]
Total pension and other post-employment benefit expense	95	117	279	366
Other post employment benefit [member] | Other post employment benefit expense [Member]
Disclosure of pension and other post employment plan [Line Items]
Current service costs	8	11	24	28
Past service costs				2
Net interest expense (income)	19	16	58	47
Remeasurements of other long-term benefits	(1)	(10)	2	(23)
Defined benefit pension expense	26	17	84	54
Total pension and other post-employment benefit expense	$ 26	$ 17	$ 84	$ 54

Employee benefits - Pension a_4

Employee benefits - Pension and other post-employment benefits - Summary of Composition of Remeasurements Recorded in OCI (Detail) - Remeasurements of Employee Benefit Plans to OCI [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Defined benefit pension plans [member]
Actuarial (gains) losses:
Changes in financial assumptions	$ (483)	$ 81	$ 421	$ (2,917)
Experience adjustments	1		1	1
Return on plan assets (excluding interest based on discount rate)	313	338	(248)	2,180
Total remeasurements of employee benefit plans	(169)	419	174	(736)
Other post employment benefit [member]
Actuarial (gains) losses:
Changes in financial assumptions	(45)	16	45	(241)
Experience adjustments		(1)	(2)	(4)
Total remeasurements of employee benefit plans	$ (45)	$ 15	$ 43	$ (245)

Income taxes - Additional Infor

Income taxes - Additional Information (Detail) - CAD ($) $ in Millions		3 Months Ended		12 Months Ended
	Apr. 07, 2022	Jul. 31, 2023	Jan. 31, 2023	Oct. 31, 2023
Additional details on Income taxes [line items]
Taxable Income	$ 100
CRD Effect On Income Taxes			$ 1,200
CRD effect on net income			1,000
CRD effect on other comprehensive income			$ 200
Permanent increase in corporate income tax rate on taxable income above 100 million	1.50%
Changes in tax rates or tax laws enacted or announced [member]
Additional details on Income taxes [line items]
Stautory Tax Rate	26.20%			27.70%
2018 taxation year [member]
Additional details on Income taxes [line items]
Tax examinations and assessments amount		$ 228
2022 taxation year [member]
Additional details on Income taxes [line items]
One time income tax rate percentage	15%
Threshold limit of taxable income beyond which one time time tax is applicable	$ 1,000
Duration over which the one time tax shall be paid	5 years

Significant capital and fundi_3

Significant capital and funding transactions - Summary of Common Shares Issued (Detail) - CAD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disclosure of classes of share capital [line items]
Issued in connection with share-based compensation plans			$ 4	$ 2
Purchased for cancellation		$ (1,338)		$ (4,444)
Common shares [member]
Disclosure of classes of share capital [line items]
Issued in connection with share-based compensation plans, shares	174	100	678	612
Issued in connection with dividend reinvestment plan, shares	5,355		9,959
Purchased for cancellation, shares		(10,445)		(33,016)
Increase (decrease) in number of ordinary shares issued, shares	5,529	(10,345)	10,637	(32,404)
Issued in connection with share-based compensation plans	$ 16	$ 8	$ 61	$ 50
Issued in connection with dividend reinvestment plan	670		1,291
Purchased for cancellation		(129)		(411)
Increase (decrease) in equity	$ 686	$ (121)	$ 1,352	$ (361)

Significant capital and fundi_4

Significant capital and funding transactions - Summary of Common Shares Issued (Parenthetical) (Detail) - CAD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disclosure of classes of share capital [line items]
Ordinary shares purchased for cancellation		$ 1,338		$ 4,444
Common shares [member]
Disclosure of classes of share capital [line items]
Fair value of shares purchased for cancellation	$ 0	$ 1,338	$ 0	$ 4,444
Average cost of shares purchased for cancellation		$ 128.2		$ 134.6
Ordinary shares purchased for cancellation		$ 129		$ 411
Average book value of shares purchased for cancellation		$ 12.47		$ 12.46

Significant capital and fundi_5

Significant capital and funding transactions - Additional Information (Detail) - Subordinated debenture [member] - CAD ($) $ in Millions	Jun. 08, 2023	Jan. 31, 2023
Disclosure Of Significant Capital And Funding Transactions [Line Items]
Borrowings outstanding	$ 110
Subordinated debentures issuance date		Jan. 31, 2023
Proceeds from issuance of subordinated debentures		$ 1,500
Interest rate	9.30%	5.01%
Earliest par value redemption date		Feb. 01, 2028
Maturity	June 8, 2023	February 1, 2033
Borrowings, interest rate basis		Daily Compounded Canadian Overnight Repo Rate Average plus 2.12%
Borrowings, adjustment to interest rate basis		2.12%

Earnings per share - Summary of

Earnings per share - Summary of Earnings Per Share (Detail) - CAD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Basic earnings per share
Net income	$ 3,872	$ 3,577	$ 10,735	$ 11,925
Dividends on preferred shares and distributions on other equity instruments	(60)	(60)	(187)	(184)
Net income attributable to non-controlling interests	(2)	(2)	(5)	(7)
Net income available to common shareholders	$ 3,812	$ 3,517	$ 10,561	$ 11,738
Weighted average number of common shares (in thousands)	1,393,515	1,396,381	1,388,217	1,409,292
Basic earnings per share (in dollars)	$ 2.74	$ 2.52	$ 7.61	$ 8.33
Diluted earnings per share
Net income available to common shareholders	$ 3,812	$ 3,517	$ 10,561	$ 11,738
Weighted average number of common shares (in thousands)	1,393,515	1,396,381	1,388,217	1,409,292
Stock options	1,398	1,680	1,614	2,039
Issuable under other share-based compensation plans	26	606	26	603
Average number of diluted common shares (in thousands)	1,394,939	1,398,667	1,389,857	1,411,934
Diluted earnings per share (in dollars)	$ 2.73	$ 2.51	$ 7.6	$ 8.31
Equity attributable to shareholders [member]
Basic earnings per share
Net income	$ 3,870	$ 3,575	$ 10,730	$ 11,918
Dividends on preferred shares and distributions on other equity instruments	$ (58)	$ (58)	$ (169)	$ (180)

Earnings per share - Summary _2

Earnings per share - Summary of Earnings Per Share (Parenthetical) (Detail) - Dilutive potential shares from stock options [Member] - $ / shares	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Earnings per share [line items]
Outstanding options excluded from calculation of diluted earnings per share	2,244,505	1,181,140	917,036	0
Average exercise price	$ 130.78	$ 129.99	$ 131.64

Results by Business Segment - D

Results by Business Segment - Detailed Report of Segments (Detail) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Oct. 31, 2022
Disclosure of operating segments [line items]
Net interest income	$ 6,286	$ 5,890	$ 18,587	$ 16,435
Non-interest income	8,203	6,242	24,516	19,983
Total revenue	14,489	12,132	43,103	36,418
Provision for credit losses	616	340	1,748	103
Insurance policyholder benefits, claims and acquisition expense	1,379	850	3,930	1,667
Non-interest expense	7,861	6,386	23,030	19,400
Income (loss) before income taxes	4,633	4,556	14,395	15,248
Income taxes (recoveries)	761	979	3,660	3,323
Net income	3,872	3,577	10,735	11,925
Non-interest expense includes:
Depreciation and amortization	693	656	2,070	1,956
Total assets	1,957,734		1,957,734		$ 1,917,219
Total liabilities	1,845,305		1,845,305		1,809,044
Operating segments [member] | Personal & Commercial Banking [member]
Disclosure of operating segments [line items]
Net interest income	4,062	3,655	11,886	10,118
Non-interest income	1,501	1,527	4,516	4,606
Total revenue	5,563	5,182	16,402	14,724
Provision for credit losses	305	324	1,128	177
Non-interest expense	2,319	2,130	6,805	6,167
Income (loss) before income taxes	2,939	2,728	8,469	8,380
Income taxes (recoveries)	805	705	2,294	2,149
Net income	2,134	2,023	6,175	6,231
Non-interest expense includes:
Depreciation and amortization	240	239	721	704
Total assets	624,943		624,943		602,824
Total liabilities	624,851		624,851		602,741
Operating segments [member] | Wealth Management [member]
Disclosure of operating segments [line items]
Net interest income	1,007	1,051	3,328	2,782
Non-interest income	3,411	2,971	10,099	9,259
Total revenue	4,418	4,022	13,427	12,041
Provision for credit losses	102	14	196	(29)
Non-interest expense	3,498	2,929	10,379	8,844
Income (loss) before income taxes	818	1,079	2,852	3,226
Income taxes (recoveries)	144	258	588	775
Net income	674	821	2,264	2,451
Non-interest expense includes:
Depreciation and amortization	312	271	925	820
Total assets	180,674		180,674		206,466
Total liabilities	180,529		180,529		206,415
Operating segments [member] | Insurance [member]
Disclosure of operating segments [line items]
Non-interest income	1,848	1,233	5,086	2,866
Total revenue	1,848	1,233	5,086	2,866
Insurance policyholder benefits, claims and acquisition expense	1,379	850	3,930	1,667
Non-interest expense	165	139	480	431
Income (loss) before income taxes	304	244	676	768
Income taxes (recoveries)	77	58	162	179
Net income	227	186	514	589
Non-interest expense includes:
Depreciation and amortization	15	14	43	43
Total assets	24,680		24,680		21,918
Total liabilities	25,332		25,332		22,588
Operating segments [member] | Capital Markets [member]
Disclosure of operating segments [line items]
Net interest income	891	1,233	2,579	3,760
Non-interest income	1,772	631	5,837	3,599
Total revenue	2,663	1,864	8,416	7,359
Provision for credit losses	209	2	424	(46)
Non-interest expense	1,620	1,186	4,831	4,136
Income (loss) before income taxes	834	676	3,161	3,269
Income taxes (recoveries)	(104)	77	61	691
Net income	938	599	3,100	2,578
Non-interest expense includes:
Depreciation and amortization	126	129	381	382
Total assets	1,065,952		1,065,952		1,025,892
Total liabilities	1,066,223		1,066,223		1,025,603
Unallocated amounts [member]
Disclosure of operating segments [line items]
Net interest income	326	(49)	794	(225)
Non-interest income	(329)	(120)	(1,022)	(347)
Total revenue	(3)	(169)	(228)	(572)
Provision for credit losses				1
Non-interest expense	259	2	535	(178)
Income (loss) before income taxes	(262)	(171)	(763)	(395)
Income taxes (recoveries)	(161)	(119)	555	(471)
Net income	(101)	(52)	(1,318)	76
Non-interest expense includes:
Depreciation and amortization		$ 3		$ 7
Total assets	61,485		61,485		60,119
Total liabilities	$ (51,630)		$ (51,630)		$ (48,303)

Capital management - Summary of

Capital management - Summary of Regulatory Capital and Capital Ratios (Detail) - CAD ($) $ in Millions	Jul. 31, 2023	Oct. 31, 2022
Capital
CET1 capital	$ 82,892	$ 76,945
Tier 1 capital	90,193	84,242
Total capital	101,072	93,850
Risk-weighted assets (RWA) used in calculation of capital ratios
Credit risk	470,732	496,898
Market risk	37,426	35,342
Operational risk	77,741	77,639
Total RWA	$ 585,899	$ 609,879
Capital ratios and Leverage ratio
CET1 ratio	14.10%	12.60%
Tier 1 capital ratio	15.40%	13.80%
Total capital ratio	17.30%	15.40%
Leverage ratio	4.20%	4.40%
Leverage ratio exposure (billions)	$ 2,142,000	$ 1,898,000
TLAC available and ratios
TLAC available	$ 181,035	$ 160,961
TLAC ratio	30.90%	26.40%
TLAC leverage ratio	8.50%	8.50%