Royal Bank of Canada (RY) 6-K 28 Feb 24 2024 Q1 Current report (foreign) Financial data

Cover Page

Cover Page	3 Months Ended
	Jan. 31, 2024
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jan. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
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		Jan. 31, 2024	Oct. 31, 2023
Assets
Cash and due from banks	[1]	$ 74,347	$ 61,989
Interest-bearing deposits with banks		61,080	71,086
Securities
Trading		193,597	190,151
Investment, net of applicable allowance (Note 4)		212,216	219,579
Securities		405,813	409,730
Assets purchased under reverse repurchase agreements and securities borrowed		347,871	340,191
Loans (Note 5)
Retail		569,894	569,951
Wholesale		293,721	287,826
Loans		863,615	857,777
Allowance for loan losses (Note 5)		(5,299)	(5,004)
Loans, net		858,316	852,773
Other
Customers' liability under acceptances		16,793	21,695
Derivatives		105,038	142,450
Premises and equipment		6,633	6,749
Goodwill		12,430	12,594
Other intangibles		5,790	5,903
Other assets		80,294	81,371
Total other assets		226,978	270,762
Total assets		1,974,405	2,006,531
Deposits (Note 7)
Personal		452,189	441,946
Business and government		743,772	745,075
Bank		45,207	44,666
Total deposits		1,241,168	1,231,687
Other
Acceptances		16,836	21,745
Obligations related to securities sold short		35,012	33,651
Obligations related to assets sold under repurchase agreements and securities loaned		334,490	335,238
Derivatives		106,974	142,629
Insurance contract liabilities (Note 8)		21,342	19,026
Other liabilities		90,570	96,022
Total other liabilities		605,224	648,311
Subordinated debentures (Note 11)		11,525	11,386
Total liabilities		1,857,917	1,891,384
Equity attributable to shareholders
Retained earnings		82,049	81,715
Other components of equity		6,239	6,852
Total equity attributable to shareholders		116,391	115,048
Non-controlling interests		97	99
Total equity		116,488	115,147
Total liabilities and equity		1,974,405	2,006,531
Preferred shares and other equity instruments [member]
Equity attributable to shareholders
Issued capital (Note 11)		8,031	7,314
Common shares [member]
Equity attributable to shareholders
Issued capital (Note 11)		$ 20,072	$ 19,167
[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 $xx billion as at January 31, 2024 (October 31, 2023 – $3 billion; January 31, 2023 – $2 billion; October 31, 2022 – $2 billion).

Interim Condensed Consolidate_2

Interim Condensed Consolidated Statements of Income (unaudited) - CAD ($) $ in Millions	3 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Interest and dividend income (Note 3)
Loans	$ 12,269	$ 9,997
Securities	4,554	3,003
Assets purchased under reverse repurchase agreements and securities borrowed	7,221	4,766
Deposits and other	1,565	1,571
Interest and dividend income	25,609	19,337
Interest expense (Note 3)
Deposits and other	11,305	7,772
Other liabilities	7,786	5,225
Subordinated debentures	186	138
Interest expense	19,277	13,135
Net interest income	6,332	6,202
Non-interest income
Insurance service result (Note 8)	187	192
Insurance investment result (Note 8)	141	(73)
Trading revenue	804	1,069
Investment management and custodial fees	2,185	2,056
Mutual fund revenue	1,030	1,015
Securities brokerage commissions	388	361
Service charges	554	511
Underwriting and other advisory fees	606	512
Foreign exchange revenue, other than trading	262	433
Card service revenue	326	325
Credit fees	395	379
Net gains on investment securities	70	53
Share of profit in joint ventures and associates	12	29
Other	193	293
Non-interest income	7,153	7,155
Total revenue	13,485	13,357
Provision for credit losses (Notes 4 and 5)	813	532
Non-interest expense
Human resources (Note 9)	5,163	4,850
Equipment	619	569
Occupancy	407	404
Communications	321	278
Professional fees	624	382
Amortization of other intangibles	352	362
Other	838	744
Non-interest expense	8,324	7,589
Income before income taxes	4,348	5,236
Income taxes	766	2,103
Net income	3,582	3,133
Net income attributable to:
Shareholders	3,580	3,131
Non-controlling interests	2	2
Net income	$ 3,582	$ 3,133
Basic earnings per share (in dollars) (Note 12)	$ 2.5	$ 2.23
Diluted earnings per share (in dollars) (Note 12)	2.5	2.23
Dividends per common share (in dollars)	$ 1.38	$ 1.32

Interim Condensed Consolidate_3

Interim Condensed Consolidated Statements of Comprehensive Income (unaudited) - CAD ($) $ in Millions	3 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Statement of comprehensive income [abstract]
Net income	$ 3,582	$ 3,133
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	788	632
Reclassification of net losses (gains) on debt securities and loans at fair value through other comprehensive income to income	(49)	(32)
Net change in unrealized gains (losses) on debt securities and loans at fair value through other comprehensive income	739	600
Foreign currency translation adjustments
Unrealized foreign currency translation gains (losses)	(2,151)	(955)
Net foreign currency translation gains (losses) from hedging activities	922	64
Reclassification of losses (gains) on net investment hedging activities to income	1
Foreign currency translation adjustments	(1,228)	(891)
Net change in cash flow hedges
Net gains (losses) on derivatives designated as cash flow hedges	(602)	(398)
Reclassification of losses (gains) on derivatives designated as cash flow hedges to income	(181)	2
Net change in cash flow hedges	(783)	(396)
Items that will not be reclassified subsequently to income:
Remeasurement gains (losses) on employee benefit plans (Note 9)	42	(230)
Net gains (losses) from fair value changes due to credit risk on financial liabilities designated at fair value through profit or loss	(701)	(796)
Net gains (losses) on equity securities designated at fair value through other comprehensive income	55	10
Total items that will not be reclassified subsequently to income	(604)	(1,016)
Total other comprehensive income (loss), net of taxes	(1,876)	(1,703)
Total comprehensive income (loss)	1,706	1,430
Total comprehensive income attributable to:
Shareholders	1,707	1,431
Non-controlling interests	(1)	(1)
Total comprehensive income (loss)	1,706	1,430
Income taxes on other comprehensive income
Net unrealized gains (losses) on debt securities and loans at fair value through other comprehensive income	303	171
Reclassification of net losses (gains) on debt securities and loans at fair value through other comprehensive income to income	(16)	(9)
Unrealized foreign currency translation gains (losses)	(17)
Net foreign currency translation gains (losses) from hedging activities	340	162
Net gains (losses) on derivatives designated as cash flow hedges	(262)	(64)
Reclassification of losses (gains) on derivatives designated as cash flow hedges to income	(68)	1
Remeasurement gains (losses) on employee benefit plans	22	(23)
Net gains (losses) from fair value changes due to credit risk on financial liabilities designated at fair value through profit or loss	(271)	(306)
Net gains (losses) on equity securities designated at fair value through other comprehensive income	20	12
Total income tax expenses (recoveries)	$ 51	$ (56)

Interim Condensed Consolidate_4

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]
Restated balance at beginning of period (Previously stated [member]) 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
Restated balance at beginning of period (Transition adjustments [member]) at Oct. 31, 2022	(2,359)						(2,359)		(2,359)
Restated balance at beginning of period (Currently Restated [Member]) at Oct. 31, 2022	105,816		7,323	17,318	(5)	(334)	75,678	5,725	105,705	111	(2,357)	5,688	2,394
Changes in equity
Issues of share capital and other equity instruments	25			24			1		25
Sales of treasury shares and other equity instruments	1,019				277	742			1,019
Purchases of treasury shares and other equity instruments	(1,059)				(262)	(797)			(1,059)
Share-based compensation awards	5	$ 24					5		5
Dividends on common shares	(1,829)						(1,829)		(1,829)
Dividends on preferred shares and distributions on other equity instruments	(51)						(44)		(44)	(7)
Other	3						3		3
Net income	3,133						3,131		3,131	2
Total other comprehensive income (loss), net of taxes	(1,703)						(1,016)	(684)	(1,700)	(3)	600	(888)	(396)
Restated balance at end of period at Jan. 31, 2023	105,359		7,323	17,342	10	(389)	75,929	5,041	105,256	103	(1,757)	4,800	1,998
Restated balance at beginning of period (Previously stated [member]) at Oct. 31, 2023	115,147		7,323	19,398	(9)	(231)	81,715	6,852	115,048	99	(2,516)	6,612	2,756
Restated balance at beginning of period (Transition adjustments [member]) at Oct. 31, 2023							(656)	656			656
Restated balance at beginning of period (Currently Restated [Member]) at Oct. 31, 2023	115,147		7,323	19,398	(9)	(231)	81,059	7,508	115,048	99	(1,860)	6,612	2,756
Restated balance at beginning of period at Oct. 31, 2023	115,147
Changes in equity
Issues of share capital and other equity instruments	1,502		750	758			(6)		1,502
Redemption of preferred shares and other equity instruments	(21)		(23)				2		(21)
Sales of treasury shares and other equity instruments	1,340				113	1,227			1,340
Purchases of treasury shares and other equity instruments	(1,203)				(123)	(1,080)			(1,203)
Share-based compensation awards	8	$ 38					8		8
Dividends on common shares	(1,944)						(1,944)		(1,944)
Dividends on preferred shares and distributions on other equity instruments	(59)						(58)		(58)	(1)
Other	12						12		12
Net income	3,582						3,580		3,580	2
Total other comprehensive income (loss), net of taxes	(1,876)						(604)	(1,269)	(1,873)	(3)	739	(1,225)	(783)
Restated balance at end of period at Jan. 31, 2024	$ 116,488		$ 8,050	$ 20,156	$ (19)	$ (84)	$ 82,049	$ 6,239	$ 116,391	$ 97	$ (1,121)	$ 5,387	$ 1,973

Interim Condensed Consolidate_5

Interim Condensed Consolidated Statements of Cash Flows (unaudited) - CAD ($) $ in Millions		3 Months Ended
		Jan. 31, 2024	Jan. 31, 2023
Cash flows from operating activities
Net income		$ 3,582	$ 3,133
Adjustments for non-cash items and others
Provision for credit losses		813	532
Depreciation		320	315
Deferred income taxes		(606)	(261)
Amortization and impairment of other intangibles		354	373
Net changes in investments in joint ventures and associates		(12)	(29)
Losses (Gains) on investment securities		(70)	(53)
Losses (Gains) on disposition of businesses		(4)
Adjustments for net changes in operating assets and liabilities
Insurance contract liabilities		2,316	991
Net change in accrued interest receivable and payable		175	397
Current income taxes		315	883
Derivative assets		37,412	24,156
Derivative liabilities		(35,655)	(21,999)
Trading securities		(2,521)	2,688
Loans, net of securitizations		(5,838)	(4,704)
Assets purchased under reverse repurchase agreements and securities borrowed		(7,680)	(10,534)
Obligations related to assets sold under repurchase agreements and securities loaned		(748)	16,420
Obligations related to securities sold short		1,361	(264)
Deposits, net of securitizations		9,481	16,145
Brokers and dealers receivable and payable		(497)	(971)
Other		(4,141)	(9,359)
Net cash from (used in) operating activities		(1,643)	17,859
Cash flows from investing activities
Change in interest-bearing deposits with banks		10,006	(3,666)
Proceeds from sales and maturities of investment securities		65,480	34,282
Purchases of investment securities		(60,887)	(40,515)
Net acquisitions of premises and equipment and other intangibles		(482)	(698)
Net proceeds from (cash transferred for) dispositions		9
Net cash from (used in) investing activities		14,126	(10,597)
Cash flows from financing activities
Issuance of subordinated debentures			1,500
Repayment of subordinated debentures			(60)
Issue of common shares, net of issuance costs		36	22
Issue of preferred shares and other equity instruments, net of issuance costs		744
Redemption of preferred shares and other equity instruments		(21)
Sales of treasury shares and other equity instruments		1,340	1,019
Purchases of treasury shares and other equity instruments		(1,203)	(1,059)
Dividends paid on shares and distributions paid on other equity instruments		(1,240)	(1,841)
Dividends/distributions paid to non-controlling interests		(1)	(7)
Change in short-term borrowings of subsidiaries		533	4,491
Repayment of lease liabilities		(153)	(166)
Net cash from (used in) financing activities		35	3,899
Effect of exchange rate changes on cash and due from banks		(160)	2,719
Net change in cash and due from banks		12,358	13,880
Cash and due from banks at beginning of period	[1]	61,989	72,397
Cash and due from banks at end of period	[1]	74,347	86,277
Cash flows from operating activities include:
Amount of interest paid		18,920	11,226
Amount of interest received		24,950	17,492
Amount of dividends received		1,058	832
Amount of income taxes paid		$ 855	$ 1,436
[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 $xx billion as at January 31, 2024 (October 31, 2023 – $3 billion; January 31, 2023 – $2 billion; October 31, 2022 – $2 billion).

Interim Condensed Consolidate_6

Interim Condensed Consolidated Statements of Cash Flows (unaudited) (Parenthetical) - CAD ($) $ in Billions	Jan. 31, 2024	Oct. 31, 2023	Jan. 31, 2023	Oct. 31, 2022
Statement of cash flows [abstract]
Mandatory reserve deposits at central banks	$ 3	$ 3	$ 2	$ 2

General information

General information	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
General information	Note 1 General information 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	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Summary of significant accounting policies, estimates and judgments	Note 2 Summary of significant accounting policies, estimates and judgments Except as indicated below, the Condensed Financial Statements have been prepared using the same accounting policies and methods used in the preparation of our audited 2023 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 2023 Annual Consolidated Financial Statements and updates are provided below. Changes in accounting policies During the first quarter of 2024, we adopted IFRS 17 Insurance Contracts Insurance Contracts As permitted by the transition provisions of IFRS 17, we reclassified certain financial assets between fair value classification categories at the date of initial application of IFRS 17 as described below. The reclassifications resulted in no adjustments to carrying amounts of financial assets as at November 1, 2023. Retained earnings and Other components of equity as at November 1, 2023 were adjusted as a result with no net impact to total equity. We elected not to restate comparative period results for these changes and accordingly, comparative period information for the impacted financial assets prior to November 1, 2023 is presented in accordance with our previous classifications. Insurance and reinsurance contracts 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 are insurance contracts, which includes reinsurance contracts issued. Contracts under which we transfer significant insurance risk to a reinsurer that compensates us for claims relating to underlying insurance contracts issued by us are reinsurance contracts held, and are accounted for separately from the underlying insurance contracts to which they relate. Embedded derivatives, investment components and promises to provide non-insurance • For insurance contracts with direct participating features (applicable primarily to our segregated fund insurance contracts), the variable fee approach (VFA) is applied. • For insurance contracts and reinsurance contracts held with a short duration of one year or less (applicable primarily to our creditor reinsurance contracts issued, group life and health insurance contracts and travel insurance contracts), the premium allocation approach (PAA) is applied. • The general measurement method (GMM) is applied to all remaining contracts. Under the GMM and VFA, the carrying amount of a group of insurance or reinsurance contracts is measured as the sum of the fulfilment cash flows and the contractual service margin (CSM). The carrying amount is also the sum of the balance for remaining coverage and the balance for incurred claims. The balance for remaining coverage comprises the fulfilment cash flows that relate to services that will be provided under the contracts in future periods and any remaining CSM at that date. The balance for incurred claims includes the fulfilment cash flows for incurred claims and expenses that have not yet been paid, including claims that have been incurred but not yet reported. The fulfilment cash flows consist of the present value of future cash flows and a risk adjustment for non-financial non-financial non-financial Non-interest Discount rates used reflect the time value of money and are based on the characteristics of the insurance and reinsurance contracts. Cash flows that vary based on the returns on underlying items are discounted at rates reflecting that variability. For cash flows that do not vary based on the returns on underlying items, we predominantly apply the top-down bottom-up For insurance contracts, the CSM represents the unearned profit (net inflows) for providing insurance coverage. If there is a net outflow at the initial recognition of the group, the group is onerous and the net outflow is recognized in Non-interest locked-in locked-in Non-interest 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. Losses from the recognition of onerous groups of insurance contracts, regardless of the measurement model applied, are recognized in Non-interest The insurance and reinsurance contract balances are remeasured at the end of each reporting period. We have elected to update the accounting estimates made in the previous interim period when remeasuring the insurance and reinsurance contracts in subsequent interim and annual reporting periods. An insurance or reinsurance contract is derecognized when it is extinguished or modified such that the modification results in a change in the measurement model, a substantially different contract boundary or a change in the scope of the applicable standard for measuring a component of the contract. Insurance service result comprises Insurance revenue less Insurance service expense and Net income (expense) from reinsurance contracts held. • Insurance revenue is recognized as we provide insurance contract services under the groups of insurance contracts. For contracts measured using the PAA, the insurance revenue is generally recognized based on allocating expected premium receipts over the passage of time. For contracts measured using the GMM and VFA, insurance revenue represents the amount of consideration we expect to be entitled to in exchange for services in the period, which includes expected claims and expenses directly attributable to fulfilling insurance contracts (excluding any investment components), release of the risk adjustment for the period, CSM amortization to reflect services provided in the period, an allocation of premiums that relates to recovering insurance acquisition expenses and experience adjustments for premium receipts relating to current or past services. • Insurance service expense arising from insurance contracts include incurred claims and other directly attributable expenses in the current period (excluding investment components), amortization and impairment losses relating to insurance acquisition cash flows where applicable, changes relating to past or current services and changes in loss components of onerous groups of contracts. • Net income (expense) from reinsurance contracts held represents the amounts recovered from the reinsurers less the allocation of premiums paid on reinsurance contracts held. Insurance investment result comprises Net investment income, Net insurance finance income (expense) and Net reinsurance finance income (expense) from reinsurance contracts held. • Net investment income primarily comprises interest and dividend income and net gains (losses) on financial assets, including segregated fund assets, and derivatives relating to the Insurance segment. Financial assets supporting the Insurance segment are primarily measured at FVTPL and FVOCI. • Insurance and reinsurance finance income (expense) represents the net effect of and changes in the time value of money (including the time value of money relating to risk adjustment on non-financial Impact of IFRS 17 transition excluding the impact of reclassifications of financial assets Upon the adoption of IFRS 17, we applied IFRS 17 retrospectively by adjusting our Consolidated Balance Sheets as at November 1, 2022 and restating the comparative information for the year ended October 31, 2023. The full retrospective approach was applied for all insurance and reinsurance contracts unless it was impracticable to do so. The full retrospective approach was applied to all contracts measured using the PAA and all new contracts issued on and after November 1, 2022 measured using the GMM and VFA as if IFRS 17 had always been applied. Due to data availability and the inability to use hindsight, the fair value approach was applied to contracts issued before November 1, 2022 that were measured under the GMM and VFA. Under the fair value approach, each portfolio comprises only one group, and the CSM was calculated as the difference between the fair value of a group of contracts and the fulfilment cash flows using reasonable and supportable information available at the transition date. To determine the fair value of a group of contracts, the requirements of IFRS 13 Fair Value Measurement non-financial The adoption of IFRS 17 resulted in a reduction in Retained earnings of $2.4 billion, net of taxes, as at November 1, 2022. This is attributable to the establishment of the CSM and other remeasurement changes to insurance and reinsurance contracts and related tax effects. The CSM of all insurance contracts net of reinsurance contracts held as at November 1, 202 2 (Millions of Canadian dollars) As at November 1, 2022 Transition As at November 1, 2022 Assets Segregated fund net assets (1) $ 2,638 $ (2,638 ) $ – Other Other assets (2) 80,300 4,261 84,561 Total assets $ 1,917,219 $ 1,623 $ 1,918,842 Liabilities Segregated fund net liabilities (3) $ 2,638 $ (2,638 ) $ – Other Insurance claims and policy benefit liabilities (4) 11,511 (11,511 ) – Insurance contract liabilities (4) – 18,226 18,226 Other liabilities (5) 95,235 (95 ) 95,140 Total liabilities $ 1,809,044 $  3,982 $  1,813,026 Total equity 108,175 (2,359 ) 105,816 Total liabilities and equity $  1,917,219 $ 1,623 $ 1,918,842 (1) Segregated fund net assets are now presented within Other assets. (2) The increase is primarily attributable to the inclusion of segregated fund net assets, the increase in insurance contract assets, reinsurance contracts held assets and the tax effects of the IFRS 17 transition adjustment. (3) Segregated fund insurance contracts are now presented within Insurance contract liabilities. (4) Insurance claims and policy benefit liabilities measured under IFRS 4 is replaced with Insurance contract liabilities measured under IFRS 17. The increase in these balances is attributable to presentation changes and remeasurement impacts including the establishment of the CSM for in-force (5) Certain liabilities that were previously presented in Other liabilities are now included in the measurement of insurance contracts or reinsurance contracts held. Impact of reclassifications of financial assets from IFRS 17 transition As permitted by IFRS 17, we reclassified certain eligible financial assets held in respect of activities that relate to insurance contracts upon the adoption of IFRS 17. The changes were primarily a result of changes to the business models based on facts and circumstances that existed as at November 1, 2023, the date of the initial application of IFRS 17. We have applied these changes retrospectively by adjusting our Consolidated Balance Sheet as at November 1, 2023 with no restatement of comparative information. The following were reclassified as at November 1, 2023: • $8.3 billion of securities and $2.0 billion of loans from designated as FVTPL to classified as FVTPL; • $0.5 billion of securities and $0.3 billion of loans from designated as FVTPL to classified as FVOCI; • $1.7 billion of securities from classified as FVOCI to classified as FVTPL; and • $0.3 billion of securities from classified as FVTPL to designated as FVOCI. The impacts of the reclassifications resulted in an increase in Other components of equity by $656 million, net of taxes, and a decrease in Retained earnings by the same amount, with no net impact to our total equity nor the carrying amounts of those assets.

Fair value of financial instrum

Fair value of financial instruments	3 Months Ended
	Jan. 31, 2024
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 2023 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 January 31, 2024 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 $ – $ 51,812 $ – $ – $ 9,268 $ 9,268 $ 61,080 $ 61,080 Securities Trading 192,679 918 – – – – 193,597 193,597 Investment, net of applicable allowance – – 120,281 1,239 90,696 85,727 212,216 207,247 192,679 918 120,281 1,239 90,696 85,727 405,813 400,844 Assets purchased under reverse repurchase agreements and securities borrowed 292,204 – – – 55,667 55,667 347,871 347,871 Loans, net of applicable allowance Retail 490 – 390 – 566,006 550,375 566,886 551,255 Wholesale 12,740 1,318 952 – 276,420 271,120 291,430 286,130 13,230 1,318 1,342 – 842,426 821,495 858,316 837,385 Other Derivatives 105,038 – – – – – 105,038 105,038 Other assets (1) 8,892 6 – – 59,389 59,389 68,287 68,287 Financial liabilities Deposits Personal $ 241 $ 28,089 $ 423,859 $ 423,208 $ 452,189 $ 451,538 Business and government (2) 180 151,518 592,074 592,014 743,772 743,712 Bank (3) – 9,401 35,806 35,807 45,207 45,208 421 189,008 1,051,739 1,051,029 1,241,168 1,240,458 Other Obligations related to securities sold short 35,012 – – – 35,012 35,012 Obligations related to assets sold under repurchase agreements and securities loaned – 300,662 33,828 33,828 334,490 334,490 Derivatives 106,974 – – – 106,974 106,974 Other liabilities (4) (1,099 ) 6 84,201 84,356 83,108 83,263 Subordinated debentures – – 11,525 11,511 11,525 11,511 As at October 31, 2023 (Restated – Note 2) 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 $ – $ 60,856 $ – $ – $ 10,230 $ 10,230 $ 71,086 $ 71,086 Securities Trading 180,651 9,500 – – – – 190,151 190,151 Investment, net of applicable – –  127,624 842 91,113 83,667 219,579 212,133 180,651 9,500 127,624  842 91,113 83,667 409,730 402,284 Assets purchased under reverse repurchase agreements and 285,869 – – – 54,322 54,322 340,191 340,191 Loans, net of applicable allowance Retail 114 362 280 – 566,376 542,480 567,132 543,236 Wholesale 5,629 3,619 597 – 275,796 268,843 285,641 278,688 5,743 3,981 877 – 842,172 811,323 852,773 821,924 Other Derivatives  142,450 – – – – – 142,450 142,450 Other assets (1) 7,579 5 – – 68,450 68,450 76,034 76,034 Financial liabilities Deposits Personal $ 109 $ 26,702 $ 415,135 $ 412,886 $ 441,946 $ 439,697 Business and government (2) 174 137,454 607,447 605,260 745,075 742,888 Bank (3) – 11,462 33,204 33,160 44,666 44,622 283 175,618  1,055,786  1,051,306  1,231,687  1,227,207 Other Obligations related to securities sold short 33,651 – – – 33,651 33,651 Obligations related to assets sold under repurchase agreements and securities loaned –  298,679 36,559 36,559 335,238 335,238 Derivatives 142,629 – – – 142,629 142,629 Other liabilities (4) (937 ) 11 92,539 92,441 91,613 91,515 Subordinated debentures – – 11,386 11,213 11,386 11,213 (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  January 31, 2024 October 31, 2023 (Restated – Note 2) 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 $ – $ 51,812 $ – $ $ 51,812 $ – $ 60,856 $ – $ $ 60,856 Securities Trading Debt issued or guaranteed by: Canadian government (1) Federal 19,907 3,320 – 23,227 26,675 2,581 – 29,256 Provincial and municipal – 17,816 – 17,816 – 16,389 – 16,389 U.S. federal, state, municipal and agencies (1), (2) 1,734 55,806 – 57,540 2,249 50,439 – 52,688 Other OECD government (3) 2,047 2,942 – 4,989 2,055 2,577 – 4,632 Mortgage-backed securities (1) – 2 – 2 – 2 – 2 Asset-backed securities Non-CDO (4) – 1,205 – 1,205 – 1,245 – 1,245 Corporate debt and other debt – 24,175 – 24,175 – 22,615 – 22,615 Equities 60,184 2,173 2,286 64,643 58,826 2,232 2,266 63,324 83,872 107,439 2,286 193,597 89,805 98,080 2,266 190,151 Investment Debt issued or guaranteed by: Canadian government (1) Federal 313 3,730 – 4,043 2,731 3,528 – 6,259 Provincial and municipal – 1,957 – 1,957 – 2,748 – 2,748 U.S. federal, state, municipal and agencies (1) 729 63,053 – 63,782 275 73,020 – 73,295 Other OECD government 2,029 7,620 – 9,649 – 6,192 – 6,192 Mortgage-backed securities (1) – 2,502 30 2,532 – 2,672 29 2,701 Asset-backed securities CDO – 7,766 – 7,766 – 8,265 – 8,265 Non-CDO – 410 – 410 – 441 – 441 Corporate debt and other debt – 29,994 148 30,142 – 27,574 149 27,723 Equities 369 408 462 1,239 38 338 466 842 3,440 117,440 640 121,520 3,044 124,778 644 128,466 Assets purchased under reverse repurchase agreements and securities borrowed – 292,204 – 292,204 – 285,869 – 285,869 Loans – 14,075 1,815 15,890 – 8,742 1,859 10,601 Other Derivatives Interest rate contracts – 30,982 329 31,311 – 39,243 290 39,533 Foreign exchange contracts – 59,066 9 59,075 – 89,644 4 89,648 Credit derivatives – 160 – 160 – 224 – 224 Other contracts 2,478 14,187 42 16,707 2,352 13,927 111 16,390 Valuation adjustments – (1,503 ) 4 (1,499 ) – (1,805 ) 4 (1,801 ) Total gross derivatives 2,478 102,892 384 105,754 2,352 141,233 409 143,994 Netting adjustments (716) (716 ) (1,544) (1,544 ) Total derivatives 105,038 142,450 Other assets 4,602 4,286 10 8,898 4,152 3,421 11 7,584 $ 94,392 $ 690,148 $ 5,135 $ (716) $ 788,959 $  99,353 $  722,979 $  5,189 $  (1,544) $  825,977 Financial liabilities Deposits Personal $ – $ 27,901 $ 429 $ $ 28,330 $ – $ 26,428 $ 383 $ $ 26,811 Business and government – 151,698 – 151,698 – 137,628 – 137,628 Bank – 9,401 – 9,401 – 11,462 – 11,462 Other Obligations related to securities sold short 13,343 21,669 – 35,012 14,391 19,260 – 33,651 Obligations related to assets sold under repurchase agreements and securities loaned – 300,662 – 300,662 – 298,679 – 298,679 Derivatives Interest rate contracts – 28,964 864 29,828 – 41,249 952 42,201 Foreign exchange contracts – 51,620 58 51,678 – 81,750 53 81,803 Credit derivatives – 166 – 166 – 176 – 176 Other contracts 3,411 22,894 391 26,696 3,119 17,306 549 20,974 Valuation adjustments – (678 ) – (678 ) – (982 ) 1 (981 ) Total gross derivatives 3,411 102,966 1,313 107,690 3,119 139,499 1,555 144,173 Netting adjustments (716) (716 ) (1,544) (1,544 ) Total derivatives 106,974 142,629 Other liabilities 394 (1,487 ) – (1,093 ) 370 (1,296 ) – (926 ) $ 17,148 $ 612,810 $ 1,742 $ (716) $ 630,984 $ 17,880 $ 631,660 $ 1,938 $ (1,544) $ 649,934 (1) As at January 31, 2024, residential and commercial mortgage-backed securities (MBS) included in all fair value levels of trading securities were $13,307 million million million ( (2) United States (U.S.). (3) Organisation for Economic Co-operation (4) Collateralized debt obligations (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 January 31, 2024, there were no significant changes made to the valuation techniques and ranges and weighted averages of unobservable inputs used in the determination of fair value of Level 3 financial instruments. As at January 31, 2024, the impacts of adjusting one or more of the unobservable inputs by reasonably possible alternative assumptions did not change significantly from the impacts disclosed in our audited 2023 Annual Consolidated Financial Statements. Changes in fair value measurement for instruments measured on a recurring basis and categorized in Level 3 For the three months ended January 31, 2024 (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 – – – – – – – – – Corporate debt and other debt – – – – – – – – – Equities 2,266 (18 ) (36 ) 98 (24 ) – – 2,286 1 2,266 (18 ) (36 ) 98 (24 ) – – 2,286 1 Investment Mortgage-backed securities 29 – 1 – – – – 30 n.a. Corporate debt and other debt 149 – 3 – (4 ) – – 148 n.a. Equities 466 – (4 ) – – – – 462 n.a. 644 – – – (4 ) – – 640 n.a. Loans 1,859 (46 ) (8 ) 165 (193 ) 38 – 1,815 (44 ) Other Net derivative balances (3) Interest rate contracts (662 ) 80 – 12 16 17 2 (535 ) 84 Foreign exchange contracts (49 ) (11 ) 1 5 5 – – (49 ) (11 ) Other contracts (438 ) (123 ) 14 (15 ) (2 ) (7 ) 222 (349 ) (71 ) Valuation adjustments 3 – – 1 – – – 4 – Other assets 11 – – – (1 ) – – 10 – $ 3,634 $ (118 ) $ (29 ) $ 266 $ (203 ) $ 48 $ 224 $ 3,822 $ (41 ) Liabilities Deposits $ (383 ) $ (47 ) $ 3 $ (122 ) $ 13 $ (1 ) $ 108 $ (429 ) $ (33 ) $ (383 ) $ (47 ) $ 3 $ (122 ) $ 13 $ (1 ) $ 108 $ (429 ) $ (33 ) For the three months ended January 31, 2023 (Millions of Canadian dollars) Fair value Gains (losses) Gains (losses) Purchases Settlement Transfers Transfers Fair value Gains (losses) included Assets Securities Trading Debt issued or guaranteed by: U.S. state, municipal and agencies $ 4 $ – $ – $ – $ (4 ) $ – $ – $ – $ – Asset-backed securities Non-CDO 2 – – – (2 ) – – – – Corporate debt and other debt 7 – – – – – (7 ) – – Equities 1,874 (14 ) (25 ) 250 (20 ) 41 – 2,106 (32 ) 1,887 (14 ) (25 ) 250 (26 ) 41 (7 ) 2,106 (32 ) Investment Mortgage-backed securities 28 – – – – – – 28 n.a. Corporate debt and other debt 151 – (1 ) – (1 ) – – 149 n.a. Equities 397 – 24 – (1 ) – – 420 n.a. 576 – 23 – (2 ) – – 597 n.a. Loans 1,692 (52 ) (7 ) 1,193 (120 ) 28 (137 ) 2,597 (15 ) Other Net derivative balances (3) Interest rate contracts (859 ) 5 5 (20 ) 173 18 24 (654 ) 8 Foreign exchange contracts (132 ) 5 8 4 37 – 15 (63 ) 8 Other contracts (785 ) (55 ) 17 (8 ) 62 (31 ) 253 (547 ) (26 ) Valuation adjustments 53 – – – (36 ) – – 17 – Other assets 15 – – – (2 ) – – 13 – $ 2,447 $ (111 ) $ 21 $ 1,419 $ 86 $ 56 $ 148 $ 4,066 $ (57 ) Liabilities Deposits $ (241 ) $ (20 ) $ 1 $ (35 ) $ 2 $ (34 ) $ 77 $ (250 ) $ (14 ) $ (241 ) $ (20 ) $ 1 $ (35 ) $ 2 $ (34 ) $ 77 $ (250 ) $ (14 ) (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 $10 million (2) Other includes amortization of premiums or discounts recognized in net income. (3) Net derivatives as at January 31, 2024 included derivative assets of $384 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 January 31, 2024, transfers out of Level 1 to Level 2 included Investment U.S. federal, state, municipal and agencies debt of $123 million. During the three months ended January 31, 2023, transfers out of Level 1 to Level 2 included Investment U.S. federal, state, municipal and agencies debt of During the three months ended January 31, 2024 and January 31, 2023, there were 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 January 31, 2024 and January 31, 2023, there were no significant transfers out of Level 2 to Level 3. During the three months ended January 31, 2024, transfers out of Level 3 to Level 2 included Other contracts and Deposits due to changes in the market observability of inputs and changes in the significance of unobservable inputs. During the three months ended January 31, 2023, 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. 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 (Millions of Canadian dollars) January 31 2024 January 31 2023 Interest and dividend income (1), (2) Financial instruments measured at fair value through profit or loss $ 9,474 $ 6,709 Financial instrume nt ir 1,608 942 Financial instruments measured at amortized cost 14,527 11,686 25,609  19,337 Interest expense (1) Financial instruments measured at fair value through profit or loss 9,084 6,240 Financial instruments measured at amortized cost 10,193 6,895 19,277 13,135 Net interest income $   6,332 $ 6,202 (1) Excludes interest and dividend income of $272 million (January 31, 2023 – $143 (2) Includes dividend income for the three months ended January 31, 2024 of $ o

Securities

Securities	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Securities	Note 4 Securities Unrealized gains and losses on securities at FVOCI (1), (2) As at              January 31, 2024 (3) October 31, 2023 (Millions of Canadian dollars) Cost/ Gross Gross Fair value Cost/ Gross Gross Fair value Debt issued or guaranteed by: Canadian government Federal $ 4,058 $ 3 $ (18 ) $ 4,043 $ 6,609 $ 1 $ (351 ) $ 6,259 Provincial and municipal 1,937 48 (28 ) 1,957 3,396 2 (650 ) 2,748 U.S. federal, state, municipal and agencies 65,178 367 (1,763 ) 63,782 75,326 343 (2,374 ) 73,295 Other OECD government 9,664 6 (21 ) 9,649 6,200 1 (9 ) 6,192 Mortgage-backed securities 2,566 1 (35 ) 2,532 2,762 – (61 ) 2,701 Asset-backed securities CDO 7,769 9 (12 ) 7,766 8,308 3 (46 ) 8,265 Non-CDO 414 – (4 ) 410 444 2 (5 ) 441 Corporate debt and other debt 30,131 95 (84 ) 30,142 27,774 44 (95 ) 27,723 Equities 816 429 (6 ) 1,239 493 357 (8 ) 842 $ 122,533 $ 958 $ (1,971 ) $ 121,520 $  131,312 $ 753 $  (3,599 ) $  128,466 (1) Excludes $90,696 million of held-to-collect (2) Gross unrealized gains and losses includes $(33) million (3) These amounts reflect certain reclassifications made upon the adoption of IFRS 17 as at November 1, 2023 with no restatement of comparative information. Refer to Note 2 for further details. 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 January 31, 2024 January 31, 2023 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 $ 4 $ – $ (37 ) $ (33 ) $ 3 $ 1 $ (23 ) $ (19 ) Provision for credit losses Transfers to stage 1 – – – – – – – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 3 – – 3 2 – – 2 S a (1 ) – – (1 ) – –   –    – Changes in risk, parameters and exposures (2 ) – (2 ) (4 ) (1 ) – (2 ) (3 ) Exchange rate and other – – 2 2 – – 1 1 Balance at end of period $   4 $    – $  (37 ) $  (33 ) $   4 $   1 $ (24 ) $ (19 ) (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 January 31, 2024 January 31, 2023 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 $ 15 $ – $ 23 $ 8 $ 14 $ – $ 22 Provision for credit losses Transfers to stage 1 – – – – – – – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – –    – – – –    – Purchases 3 – – 3 4 – – 4 Sales and maturities – – – – – – – – Changes in risk, parameters and exposures (2 ) – – (2 ) (2 ) (1 )     – (3 ) Exchange rate and other – (1 ) – (1 ) – – – – Balance at end of period $   9 $  14 $    – $  23 $   10 $  13 $ – $  23 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 2023 Annual Report. As at January 31, 2024 October 31, 2023 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 $  119,277 $    8 $   – $ 119,285 $  126,732 $ 1 $ – $ 126,733 Non-investment 848 – – 848 742 – – 742 Impaired – – 148 148 – – 149 149 120,125 8 148 120,281 127,474 1    149 127,624 Items not subject to impairment (2) 1,239 842 $ 121,520 $  128,466 Securities at amortized cost Investment grade $ 89,598 $ – $ – $ 89,598 $ 89,947 $ – $ – $ 89,947 Non-investment 941 180 – 1,121 990  199 – 1,189 Impaired – – – – – – – – 90,539 180 – 90,719 90,937 199 – 91,136 Allowance for credit losses 9 14 – 23 8 15 – 23 $ 90,530 $ 166 $ – $ 90,696 $ 90,929 $ 184 $ – $ 91,113 (1) Reflects $148 (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	3 Months Ended
	Jan. 31, 2024
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 January 31, 2024 January 31, 2023 (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 $ 481 $ 74 $ (1 ) $ (12 ) $ 542 $ 432 $ 51 $ (5 ) $ (9 ) $ 469 Personal 1,228 202 (139 ) (4 ) 1,287 1,043 169 (83 ) – 1,129 Credit cards 1,069 183 (150 ) (1 ) 1,101 893 136 (102 ) (1 ) 926 Small business 194 37 (15 ) (4 ) 212 194 17 (9 ) 2 204 Wholesale 2,326 329 (149 ) (61 ) 2,445 1,574 161 (17 ) (38 ) 1,680 Customers’ liability under acceptances 50 (7 ) – – 43 45 (4 ) – – 41 $  5,348 $ 818 $ (454 ) $ (82 ) $  5,630 $  4,181 $ 530 $  (216 ) $ (46 ) $  4,449 Presented as: Allowance for loan losses $ 5,004 $ 5,299 $ 3,753 $ 3,999 Other liabilities – Provisions 288 282 378 403 Customers’ liability under acceptances 50 43 45 41 Other components of equity 6 6 5 6 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 January 31, 2024 January 31, 2023 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 $ 223 $ 90 $ 168 $ 481 $ 235 $ 65 $ 132 $ 432 Provision for credit losses Transfers to stage 1 17 (17 ) – – 13 (13 ) – – Transfers to stage 2 (6 ) 10 (4 ) – (6 ) 10 (4 ) – Transfers to stage 3 (1 ) (8 ) 9 – – (3 ) 3 – Originations 19 – – 19 30 – – 30 Maturities (4 ) (4 ) – (8 ) (4 ) (2 ) – (6 ) Changes in risk, parameters and exposures (1 ) 40 24 63 (13 ) 25 15 27 Write-offs – – (4 ) (4 ) – – (8 ) (8 ) Recoveries – – 3 3 – – 3 3 Exchange rate and other (2 ) (1 ) (9 ) (12 ) (1 ) – (8 ) (9 ) Balance at end of period $ 245 $ 110 $ 187 $ 542 $ 254 $ 82 $ 133 $ 469 Personal Balance at beginning of period $ 280 $ 793 $ 155 $ 1,228 $ 285 $ 661 $ 97 $ 1,043 Provision for credit losses Transfers to stage 1 125 (125 ) – – 150 (150 ) – – Transfers to stage 2 (19 ) 20 (1 ) – (23 ) 23 – – Transfers to stage 3 (1 ) (28 ) 29 – – (13 ) 13 – Originations 22 – – 22 23 – – 23 Maturities (12 ) (46 ) – (58 ) (12 ) (25 ) – (37 ) Changes in risk, parameters and exposures (114 ) 229 123 238 (138 ) 231 90 183 Write-offs – – (169 ) (169 ) – – (112 ) (112 ) Recoveries – – 30 30 – – 29 29 Exchange rate and other (1 ) – (3 ) (4 ) 1 (2 ) 1 – Balance at end of period $ 280 $ 843 $ 164 $ 1,287 $ 286 $ 725 $ 118 $ 1,129 Credit cards Balance at beginning of period $ 203 $ 866 $ – $ 1,069 $ 177 $ 716 $ – $ 893 Provision for credit losses Transfers to stage 1 137 (137 ) – – 164 (164 ) – – Transfers to stage 2 (28 ) 28 – – (20 ) 20 – – Transfers to stage 3 (1 ) (108 ) 109 – – (94 ) 94 – Originations 3 – – 3 4 – – 4 Maturities (1 ) (8 ) – (9 ) (1 ) (7 ) – (8 ) Changes in risk, parameters and exposures (125 ) 272 42 189 (139 ) 271 8 140 Write-offs – – (259 ) (259 ) – – (142 ) (142 ) Recoveries – – 109 109 – – 40 40 Exchange rate and other – – (1 ) (1 ) (1 ) – – (1 ) Balance at end of period $ 188 $ 913 $ – $ 1,101 $ 184 $ 742 $ – $ 926 Small business Balance at beginning of period $ 70 $ 66 $ 58 $ 194 $ 73 $ 73 $ 48 $ 194 Provision for credit losses Transfers to stage 1 5 (5 ) – – 10 (10 ) – – Transfers to stage 2 (5 ) 5 – – (3 ) 3 – – Transfers to stage 3 – (2 ) 2 – – (2 ) 2 – Originations 9 – – 9 8 – – 8 Maturities (3 ) (5 ) – (8 ) (4 ) (6 ) – (10 ) Changes in risk, parameters and exposures (5 ) 15 26 36 (12 ) 13 18 19 Write-offs – – (18 ) (18 ) – – (11 ) (11 ) Recoveries – – 3 3 – – 2 2 Exchange rate and other 1 – (5 ) (4 ) 1 2 (1 ) 2 Balance at end of period $ 72 $ 74 $ 66 $ 212 $ 73 $ 73 $ 58 $ 204 Wholesale Balance at beginning of period $ 774 $ 785 $ 767 $ 2,326 $ 597 $ 585 $ 392 $ 1,574 Provision for credit losses Transfers to stage 1 50 (50 ) – – 51 (51 ) – – Transfers to stage 2 (55 ) 58 (3 ) – (20 ) 21 (1 ) – Transfers to stage 3 (3 ) (9 ) 12 – (3 ) (14 ) 17 – Originations 124 – – 124 153 – – 153 Maturities (97 ) (87 ) – (184 ) (118 ) (71 ) – (189 ) Changes in risk, parameters and exposures (101 ) 173 317 389 (55 ) 150 102 197 Write-offs – – (160 ) (160 ) – – (26 ) (26 ) Recoveries – – 11 11 – – 9 9 Exchange rate and other 17 (17 ) (61 ) (61 ) (5 ) (8 ) (25 ) (38 ) Balance at end of period $   709 $   853 $   883 $  2,445 $   600 $   612 $   468 $  1,680 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 2023 Annual Consolidated Financial Statements. Our base scenario reflects rising unemployment rates in the near-term and central bank policy interest rate cuts beginning in calendar Q2 2024 as inflation declines towards target levels in Canada and the U.S. Our base scenario also reflects Canadian residential real estate price declines in the near-term from the recent peak in Q3 2023. 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 Q2 2024 relative to our base scenario. In these scenarios, conditions are expected to deteriorate from calendar Q1 2024 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, 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 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 C ada , Q2 2024 with the U.S. to rise to 3.9%, peaking at Q3 2024 then middle • Gross Domestic Product (GDP ) In our base forecast, we expect Canadian GDP to grow continuously following calendar Q1 2024, while U.S. GDP is expected to decline initially followed by continuous growth in calendar Q3 2024 and thereafter. GDP in calendar Q4 2024 is expected to be % and % above Q4 2023 levels in Canada and the U.S., respectively. • 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   As at        January 31, 2024 October 31, 2023 (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 $ 347,982 $ 2,453 $ – $ 350,435 $ 349,001 $ 1,630 $ – $ 350,631 Medium risk 19,103 1,586 – 20,689 19,126 1,610 – 20,736 High risk 1,463 5,499 – 6,962 1,582 4,927 – 6,509 Not rated (1) 52,733 1,402 – 54,135 54,247 1,220 – 55,467 Impaired – – 853 853 – – 682 682 421,281 10,940 853 433,074 423,956 9,387 682 434,025 Items not subject to impairment (2) 490 476 Total $ 433,564 $ 434,501 Loans outstanding – Personal Low risk $ 76,351 $ 1,741 $ – $ 78,092 $ 75,572 $ 1,676 $ – $ 77,248 Medium risk 5,720 2,937 – 8,657 5,587 2,915 – 8,502 High risk 468 2,145 – 2,613 477 2,088 – 2,565 Not rated (1) 9,330 266 – 9,596 9,982 157 – 10,139 Impaired – – 317 317 – – 280 280 Total $ 91,869 $ 7,089 $ 317 $ 99,275 $ 91,618 $ 6,836 $ 280 $ 98,734 Loans outstanding – Credit cards Low risk $ 16,331 $ 162 $ – $ 16,493 $ 16,331 $ 135 $ – $ 16,466 Medium risk 1,709 2,134 – 3,843 1,771 2,132 – 3,903 High risk 45 1,851 – 1,896 41 1,734 – 1,775 Not rated (1) 741 32 – 773 856 35 – 891 Total $ 18,826 $ 4,179 $ – $ 23,005 $ 18,999 $ 4,036 $ – $ 23,035 Loans outstanding – Small business Low risk $ 8,724 $ 899 $ – $ 9,623 $ 8,641 $ 920 $ – $ 9,561 Medium risk 2,275 969 – 3,244 2,238 936 – 3,174 High risk 122 785 – 907 99 592 – 691 Not rated (1) 8 – – 8 11 – – 11 Impaired – – 268 268 – – 244 244 Total $ 11,129 $ 2,653 $ 268 $ 14,050 $ 10,989 $ 2,448 $ 244 $ 13,681 Undrawn loan commitments – Retail Low risk $ 264,315 $ 769 $ – $ 265,084 $ 266,209 $ 610 $ – $ 266,819 Medium risk 11,705 332 – 12,037 10,759 298 – 11,057 High risk 1,122 465 – 1,587 956 434 – 1,390 Not rated (1) 6,953 161 – 7,114 6,686 138 – 6,824 Total $ 284,095 $ 1,727 $ – $ 285,822 $ 284,610 $ 1,480 $ – $ 286,090 Wholesale – Loans outstanding Investment grade $ 91,756 $ 356 $ – $ 92,112 $ 89,037 $ 416 $ – $ 89,453 Non-investment 149,767 24,149 – 173,916 156,211 19,210 – 175,421 Not rated (1) 10,676 199 – 10,875 10,968 238 – 11,206 Impaired – – 2,760 2,760 – –  2,498 2,498 252,199 24,704 2,760 279,663 256,216 19,864 2,498 278,578 Items not subject to impairment (2) 14,058 9,248 Total $ 293,721 $ 287,826 Undrawn loan commitments – Wholesale Investment grade $ 311,697 $ 45 $ – $ 311,742 $ 312,178 $ 186 $ – $ 312,364 Non-investment 129,709 14,604 – 144,313 130,994 13,947 – 144,941 Not rated (1) 5,440 1 – 5,441 4,176 – – 4,176 Total $ 446,846 $ 14,650 $ – $ 461,496 $  447,348 $  14,133 $ – $  461,481 (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        January 31, 2024 October 31, 2023 (Millions of Canadian dollars) 30 to 89 days 90 days Total 30 to 89 days 90 days Total Retail $ 1,933 $ 224 $ 2,157 $ 1,840 $ 208 $ 2,048 Wholesale 1,220 57 1,277 1,823 49 1,872 $ 3,153 $ 281 $ 3,434 $  3,663 $  257 $   3,920 (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	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
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 The agreement includes a locked box mechanism under which HSBC Canada’s earnings from June 30, 2022 to the closing date accrue to RBC and will be reflected in the acquired net assets on closing. Relatedly, we will pay an additional amount that accrues from August 30, 2023 to the closing date, which is calculated based on the all-cash purchase price for the common shares of HSBC Canada and the Canadian Overnight Repo Rate Average. On December 21, 2023, we received approval from the federal Minister of Finance to proceed with the planned acquisition of HSBC Canada, which is expected to close on March 28, 2024, subject to the satisfaction of customary closing conditions. The results of the acquired business will be consolidated from the date of close. Disposition Wealth Management On December 1, 2023, we completed the previously announced sale of the RBC Investor Services® business in Jersey to CACEIS. The transaction did not have a significant impact on our financial statements. The completion of the sale of the business of the U.K. branch of RBC Investor Services Trust remains subject to customary closing conditions. The disposal group consists held-for-sale,

Deposits

Deposits	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Deposits	Note 7 Deposits   As at January 31, 2024 October 31, 2023 (Millions of Canadian dollars) Demand Notice Term Total Demand (1) Notice (2) Term (3) Total Personal $ 183,035 $ 59,654 $ 209,500 $ 452,189 $ 186,530 $ 57,614 $ 197,802 $ 441,946 Business and government 308,455 16,663 418,654 743,772 316,200 19,056 409,819 745,075 Bank 7,994 688 36,525 45,207 7,996 769 35,901 44,666 $ 499,484 $ 77,005 $ 664,679 $ 1,241,168 $ 510,726 $ 77,439 $ 643,522 $ 1,231,687 Non-interest-bearing (4) Canada $ 128,063 $ 6,187 $ 193 $ 134,443 $ 132,994 $ 6,107 $ 168 $ 139,269 United States 36,514 – – 36,514 40,646 – – 40,646 Europe (5) 11 – – 11 17 – – 17 Other International 7,262 – – 7,262 7,265 – – 7,265 Interest-bearing (4) Canada 300,806 14,502 515,934 831,242 302,746 14,641 493,347 810,734 United States 16,206 55,499 83,225 154,930 16,210 55,895 78,837 150,942 Europe (5) 5,154 771 48,402 54,327 5,353 726 51,812 57,891 Other International 5,468 46 16,925 22,439 5,495 70 19,358 24,923 $  499,484 $  77,005 $  664,679 $  1,241,168 $  510,726 $  77,439 $  643,522 $  1,231,687 (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 January 31, 2024, deposits denominated in U.S. dollars, British pounds, Euro and other foreign currencies were $453 billion billion , billion an billion , (5) Europe includes the United Kingdom and the Channel Islands. Contractual maturities of term deposits  As at   (Millions of Canadian dollars) January 31 2024 October 31 2023 Within 1 year: less than 3 months $ 168,694 $ 182,373 3 to 6 months 100,797 69,868 6 to 12 months 145,368 151,079 1 to 2 years 76,110 76,232 2 to 3 years 55,812 49,965 3 to 4 years 39,359 36,774 4 to 5 years 29,681 36,506 Over 5 years 48,858 40,725 $ 664,679 $ 643,522 Aggregate amount of term deposits in denominations of one hundred thousand dollars or more $ 602,000 $  586,000

Insurance and reinsurance

Insurance and reinsurance	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Insurance and reinsurance	Note 8 Insurance and reinsurance Insurance and reinsurance contracts by measurement components (1) The following table presents the measurement components of assets and liabilities for insurance contracts issued and reinsurance contracts held by estimates of present value of future cash flows, risk adjustment for non-financial risk and CSM. These contracts are presented on a portfolio basis such that portfolios of contracts that are in an asset position are presented separately from those that are in a liability position. Financial assets held in support of the insurance and reinsurance contracts are not reflected in this table.  As at January 31, 2024 October 31, 2023 (Millions of Canadian dollars) Estimates of Risk non-financial CSM Total Estimates of Risk non-financial CSM Total Insurance contract assets ( 2 $ 1,952 $ (630 ) $ (558 ) $ 764 $ 1,790 $ (544 ) $ (565 ) $ 681 Insurance contract liabilities ( 3 Insurance contract liabilities for segregated funds $ (3,236 ) $ (16 ) $ (54 ) $ (3,306 ) $ (2,553 ) $ (15 ) $ (64 ) $ (2,632 ) Insurance contract liabilities excluding segregated funds (13,227 ) (2,664 ) (2,145 ) (18,036 ) (11,955 ) (2,308 ) (2,131 ) (16,394 ) $ (16,463 ) $ (2,680 ) $ (2,199 ) $ (21,342 ) $ (14,508 ) $ (2,323 ) $ (2,195 ) $ (19,026 ) Reinsurance contracts held assets ( 2 3 $ 360 $ 555 $ 780 $ 1,695 $ 327 $ 469 $ 786 $ 1,582 Reinsurance contracts held liabilities ( 4 $ – $ – $ – $ – $ (42 ) $ 6 $ 18 $ (18 ) CSM for insurance contracts, net of reinsurance contracts held $ (1,977 ) $ (1,956 ) (1) Includes contracts measured using the GMM and VFA that have CSM and contracts measured using the PAA in which CSM is not applicable. (2) Presented in Other assets. (3) Insurance contract liabilities and reinsurance contract held assets primarily relate to balances for remaining coverage for future services on contracts measured using the GMM or VFA. (4) Presented in Other liabilities. Insurance service and insurance investment results The following table provides the composition of Insurance service result and Insurance investment result for insurance contracts issued and reinsurance contracts held. For the three months ended (Millions of Canadian dollars) January 31 2024 January 31 2023 (1) Insurance service result Insurance revenue $ 1,205 $ 1,104 Insurance service expense (984 ) (853 ) Net income (expense) from reinsurance contracts held (34 ) (59 ) $ 187 $ 192 Insurance investment result Net investment income $ 2,018 $ 1,019 Insurance finance income (expense) (1,976 ) (1,134 ) Reinsurance finance income (expense) 99 42 $ 141 $ (73 ) Insurance service and insurance investment results $ 328 $ 119 (1) The 2023 amounts may not be fully comparable to the current period as we were not managing our asset and liability portfolios under IFRS 17 and Net investment income was not restated for the reclassifications of certain eligible financial assets. Refer to Note 2 for further

Employee benefits - Pension and

Employee benefits - Pension and other post-employment benefits	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Employee benefits - Pension and other post-employment benefits	Note 9 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) January 31 2024 January 31 2023 January 31 2024 January 31 2023 Current service costs $ 46 $ 48 $ 8 $ 8 Past service costs – – – – Net interest expense (income) (38 ) (40 ) 20 19 Remeasurements of other long-term benefits – – 10 2 Administrative expense 4 3 – – Defined benefit pension expense (1) 12 11 38 29 Defined contribution pension expense (1) 106 85 – – $ 118 $ 96 $ 38 $ 29 (1) Pension expenses are primarily reported in Non-Interest 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) January 31 2024 January 31 2023 January 31 2024 January 31 2023 Actuarial (gains) losses: Changes in financial assumptions (2) $ 1,271 $ 772 $ 120 $ 75 Experience adjustments – – 1 – Return on plan assets (excluding interest based on discount rate) (1,469 ) (594 ) – – $ (198 ) $ 178 $ 121 $ 75 (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	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Income taxes	Note 10 Income taxes Pillar Two model rules The 2023 Canadian Federal budget reinforced the Government of Canada’s commitment to the Organisation for Economic Co-operation and Development’s two-pillar plan for international tax reform, including a global % minimum tax on multinational enterprises (under the Pillar Two model rules), and associated draft legislation for a Global Minimum Tax Act was released by the Government on August 4. The timing of the enactment of these proposed rules in Canada remains uncertain, and the legislation remains subject to amendment prior to enactment. While the Pillar Two model rules are not yet substantively enacted in Canada, certain non-Canadian jurisdictions where we have operations have enacted or substantively enacted legislation implementing these rules. The impact on RBC continues to be assessed and will depend on numerous variables including, among others, the final legislation enacted across the various jurisdictions in which we operate. We continue to actively monitor developments.

Significant capital and funding

Significant capital and funding transactions	3 Months Ended
	Jan. 31, 2024
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Significant capital and funding transactions	Note 1 1 Preferred Shares On November 7, 2023, we redeemed all 15 thousand of our issued and outstanding Non-Cumulative First Preferred Shares Series C-2 at a redemption price of US$1,000 per share. Concurrently, we redeemed all 615 thousand Series C-2 depositary shares, each of which represents a one-fortieth interest in a Series C-2 share. On January Subject to the consent of the Office of the Superintendent of Financial Institutions (OSFI) and the requirements of the Bank Act Common shares issued For the three months ended January 31, 2024 January 31, 2023 (Millions of Canadian dollars, except number of shares) Number of Amount Number of Amount Issued in connection with share-based compensation plans (1) 400 $ 38 269 $ 24 Issued in connection with dividend reinvestment plan (2) 6,135 720 – – 6,535 $   758 269 $   24 (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 January 31, 2024 our DRIP requirements were satisfied through shares issued from treasury. During the three months ended January 31, 2023 our DRIP requirements were satisfied through open market share purchases.

Earnings per share

Earnings per share	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Earnings per share	Note 1 2 For the three months ended (Millions of Canadian dollars, except share and per share amounts) January 31 2024 January 31 2023 (Restated – Note 2) Basic earnings per share Net income $ 3,582 $ 3,133 Dividends on preferred shares and distributions on other equity instruments (58 ) (44 ) Net income attributable to non-controlling (2 ) (2 ) Net income available to common shareholders $ 3,522 $ 3,087 Weighted average number of common shares (in thousands) 1,406,324 1,382,754 Basic earnings per share (in dollars) $    2.50 $ 2.23 Diluted earnings per share Net income available to common shareholders $ 3,522 $ 3,087 Weighted average number of common shares (in thousands) 1,406,324 1,382,754 Stock options (1) 1,291 1,756 Issuable under other share-based compensation plans 26 26 Average number of diluted common shares (in thousands) 1,407,641  1,384,536 Diluted earnings per share (in dollars) $ 2.50 $ 2.23 (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 January 31, 2024, an average of 2,216,903 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 January 31, 2023, an average of 591,472 outstanding options with an average exercise price of $131.64 were excluded from the calculation of diluted earnings per share.

Legal and regulatory matters

Legal and regulatory matters	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Legal and regulatory matters	Note 13 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 difficult to determine whether any loss is probable or to reliably estimate the amount of any loss. This is an area of significant judgment and uncertainty and the extent of our financial and other exposure to these proceedings after taking into account current provisions could be material to our results of operations in any particular period though we do not believe that the ultimate resolution of any such matter will have a material effect on our consolidated financial condition. Our significant legal proceedings and regulatory matters are described in Note 25 of our audited 2023 Annual Consolidated Financial Statements and as updated below. Based on the facts currently known, except as may otherwise be noted, it is not possible at this time for us to predict the ultimate outcome of these proceedings or the timing of their resolution. London interbank offered rate (LIBOR) litigation On December 12, 2023, the settlement agreement resolving one of the LIBOR class actions brought on behalf of certain plaintiffs that purchased U.S. dollar LIBOR-based instruments was granted final court approval. Royal Bank of Canada Trust Company (Bahamas) Limited proceedings On December 11, 2023, the U.S. Department of Labor published a technical correction to the prior one-year exemption reflecting the fact that the pending Court of Appeal’s decision will be rendered by an appellate court, and not the district court.

Results by business segment

Results by business segment	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Results by business segment	Note 1 4 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. For the three months ended January 31, 2024 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income (2) $ 4,216 $ 1,150 $ – $ 661 $ 305 $ 6,332 Non-interest 1,578 3,387 363 2,290 (465 ) 7,153 Total revenue 5,794 4,537 363 2,951 (160 ) 13,485 Provision for credit losses 634 11 1 167 – 813 Non-interest 2,339 3,768 71 1,642 504 8,324 Income (loss) before income taxes 2,821 758 291 1,142 (664 ) 4,348 Income taxes (recoveries) 760 152 71 (12 ) (205 ) 766 Net income $ 2,061 $ 606 $ 220 $ 1,154 $ (459 ) $ 3,582 Non-interest Depreciation and amortization $ 235 $ 311 $ 4 $ 124 $ (2 ) $ 672 For the three months ended January 31, 2023 (Restated – Note 2) (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income ( 2 $ 4,007 $ 1,216 $ – $ 792 $ 187 $ 6,202 Non-interest 1,534 3,344 154 2,354 (231 ) 7,155 Total revenue 5,541 4,560 154 3,146 (44 ) 13,357 Provision for credit losses 401 66 – 65 – 532 Non-interest 2,229 3,434 70 1,701 155 7,589 Income (loss) before income taxes 2,911 1,060 84 1,380 (199 ) 5,236 Income taxes (recoveries) 785 230 17 139 932 2,103 Net income $ 2,126 $ 830 $ 67 $ 1,241 $ (1,131 ) $  3,133 Non-interest Depreciation and amortization $ 241 $ 301 $ 8 $ 127 $ – $ 677 (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 for the three months ended January 31, 2023 have been revised from those previously presented. (4) Effective the fourth quarter of 2023, we moved the Investor Services lending business from our Wealth Management segment to our Capital Markets segment. Therefore, comparative results for the three months ended January 31, 2023 have been revised from those previously presented. Total assets and total liabilities by business segment As at January 31, 2024 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Markets Corporate Total Total assets $ 640,193 $ 175,270 $ 26,956 $ 1,069,398 $ 62,588 $ 1,974,405 Total liabilities 640,114 174,043 26,904 1,069,685 (52,829 ) 1,857,917 As at October 31, 2023 (Restated – Note 2) (Millions of Canadian dollars) Personal & Wealth Insurance Capital Markets Corporate Total Total assets $  636,046 $  179,227 $  24,130 $  1,100,172 $    66,956 $  2,006,531 Total liabilities 635,952 177,389 24,895 1,099,893 (46,745 ) 1,891,384

Capital management

Capital management	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Capital management	Note 1 5 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 first  As at (Millions of Canadian dollars, except percentage amounts and as otherwise noted) January 31 2024 October 31 2023 Capital (1), (2) CET1 capital $ 88,106 $ 86,611 Tier 1 capital 96,140 93,904 Total capital 106,865 104,952 Risk-weighted assets (RWA) used in calculation of capital ratios (1), (2) Credit risk $ 474,677 $ 475,842 Market risk 30,980 40,498 Operational risk 84,600 79,883 Total RWA $ 590,257 $ 596,223 Capital ratios and Leverage ratio (1), (2) CET1 ratio 14.9% 14.5% Tier 1 capital ratio 16.3% 15.7% Total capital ratio 18.1% 17.6% Leverage ratio 4.4% 4.3% Leverage ratio exposure (billions) $ 2,173 $ 2,180 TLAC available and ratios (1), (3) TLAC available $  185,556 $  184,916 TLAC ratio 31.4% 31.0% TLAC leverage ratio 8.5% 8.5% (1) As prior period restatements are not required by OSFI, there was no impact from the adoption of IFRS 17 on regulatory capital, RWA, capital ratios, leverage ratio, TLAC available and TLAC ratios for periods prior to November 1, 2023. (2) 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 periods ended January 31, 2024 and October 31, 2023 reflect our adoption of the revised CAR and LR guidelines that came into effect in Q2 2023, as further updated on October 20, 2023 as part of OSFI’s implementation of the Basel III reforms. The period ended January 31, 2024 also reflects our adoption of the revised market risk and CVA frameworks that came into effect on November 1, 2023. (3) 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)	3 Months Ended
	Jan. 31, 2024
Statement [Line Items]
Changes in accounting policies	Changes in accounting policies During the first quarter of 2024, we adopted IFRS 17 Insurance Contracts Insurance Contracts As permitted by the transition provisions of IFRS 17, we reclassified certain financial assets between fair value classification categories at the date of initial application of IFRS 17 as described below. The reclassifications resulted in no adjustments to carrying amounts of financial assets as at November 1, 2023. Retained earnings and Other components of equity as at November 1, 2023 were adjusted as a result with no net impact to total equity. We elected not to restate comparative period results for these changes and accordingly, comparative period information for the impacted financial assets prior to November 1, 2023 is presented in accordance with our previous classifications. Insurance and reinsurance contracts 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 are insurance contracts, which includes reinsurance contracts issued. Contracts under which we transfer significant insurance risk to a reinsurer that compensates us for claims relating to underlying insurance contracts issued by us are reinsurance contracts held, and are accounted for separately from the underlying insurance contracts to which they relate. Embedded derivatives, investment components and promises to provide non-insurance • For insurance contracts with direct participating features (applicable primarily to our segregated fund insurance contracts), the variable fee approach (VFA) is applied. • For insurance contracts and reinsurance contracts held with a short duration of one year or less (applicable primarily to our creditor reinsurance contracts issued, group life and health insurance contracts and travel insurance contracts), the premium allocation approach (PAA) is applied. • The general measurement method (GMM) is applied to all remaining contracts. Under the GMM and VFA, the carrying amount of a group of insurance or reinsurance contracts is measured as the sum of the fulfilment cash flows and the contractual service margin (CSM). The carrying amount is also the sum of the balance for remaining coverage and the balance for incurred claims. The balance for remaining coverage comprises the fulfilment cash flows that relate to services that will be provided under the contracts in future periods and any remaining CSM at that date. The balance for incurred claims includes the fulfilment cash flows for incurred claims and expenses that have not yet been paid, including claims that have been incurred but not yet reported. The fulfilment cash flows consist of the present value of future cash flows and a risk adjustment for non-financial non-financial non-financial Non-interest Discount rates used reflect the time value of money and are based on the characteristics of the insurance and reinsurance contracts. Cash flows that vary based on the returns on underlying items are discounted at rates reflecting that variability. For cash flows that do not vary based on the returns on underlying items, we predominantly apply the top-down bottom-up For insurance contracts, the CSM represents the unearned profit (net inflows) for providing insurance coverage. If there is a net outflow at the initial recognition of the group, the group is onerous and the net outflow is recognized in Non-interest locked-in locked-in Non-interest 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. Losses from the recognition of onerous groups of insurance contracts, regardless of the measurement model applied, are recognized in Non-interest The insurance and reinsurance contract balances are remeasured at the end of each reporting period. We have elected to update the accounting estimates made in the previous interim period when remeasuring the insurance and reinsurance contracts in subsequent interim and annual reporting periods. An insurance or reinsurance contract is derecognized when it is extinguished or modified such that the modification results in a change in the measurement model, a substantially different contract boundary or a change in the scope of the applicable standard for measuring a component of the contract. Insurance service result comprises Insurance revenue less Insurance service expense and Net income (expense) from reinsurance contracts held. • Insurance revenue is recognized as we provide insurance contract services under the groups of insurance contracts. For contracts measured using the PAA, the insurance revenue is generally recognized based on allocating expected premium receipts over the passage of time. For contracts measured using the GMM and VFA, insurance revenue represents the amount of consideration we expect to be entitled to in exchange for services in the period, which includes expected claims and expenses directly attributable to fulfilling insurance contracts (excluding any investment components), release of the risk adjustment for the period, CSM amortization to reflect services provided in the period, an allocation of premiums that relates to recovering insurance acquisition expenses and experience adjustments for premium receipts relating to current or past services. • Insurance service expense arising from insurance contracts include incurred claims and other directly attributable expenses in the current period (excluding investment components), amortization and impairment losses relating to insurance acquisition cash flows where applicable, changes relating to past or current services and changes in loss components of onerous groups of contracts. • Net income (expense) from reinsurance contracts held represents the amounts recovered from the reinsurers less the allocation of premiums paid on reinsurance contracts held. Insurance investment result comprises Net investment income, Net insurance finance income (expense) and Net reinsurance finance income (expense) from reinsurance contracts held. • Net investment income primarily comprises interest and dividend income and net gains (losses) on financial assets, including segregated fund assets, and derivatives relating to the Insurance segment. Financial assets supporting the Insurance segment are primarily measured at FVTPL and FVOCI. • Insurance and reinsurance finance income (expense) represents the net effect of and changes in the time value of money (including the time value of money relating to risk adjustment on non-financial Impact of IFRS 17 transition excluding the impact of reclassifications of financial assets Upon the adoption of IFRS 17, we applied IFRS 17 retrospectively by adjusting our Consolidated Balance Sheets as at November 1, 2022 and restating the comparative information for the year ended October 31, 2023. The full retrospective approach was applied for all insurance and reinsurance contracts unless it was impracticable to do so. The full retrospective approach was applied to all contracts measured using the PAA and all new contracts issued on and after November 1, 2022 measured using the GMM and VFA as if IFRS 17 had always been applied. Due to data availability and the inability to use hindsight, the fair value approach was applied to contracts issued before November 1, 2022 that were measured under the GMM and VFA. Under the fair value approach, each portfolio comprises only one group, and the CSM was calculated as the difference between the fair value of a group of contracts and the fulfilment cash flows using reasonable and supportable information available at the transition date. To determine the fair value of a group of contracts, the requirements of IFRS 13 Fair Value Measurement non-financial The adoption of IFRS 17 resulted in a reduction in Retained earnings of $2.4 billion, net of taxes, as at November 1, 2022. This is attributable to the establishment of the CSM and other remeasurement changes to insurance and reinsurance contracts and related tax effects. The CSM of all insurance contracts net of reinsurance contracts held as at November 1, 202 2 (Millions of Canadian dollars) As at November 1, 2022 Transition As at November 1, 2022 Assets Segregated fund net assets (1) $ 2,638 $ (2,638 ) $ – Other Other assets (2) 80,300 4,261 84,561 Total assets $ 1,917,219 $ 1,623 $ 1,918,842 Liabilities Segregated fund net liabilities (3) $ 2,638 $ (2,638 ) $ – Other Insurance claims and policy benefit liabilities (4) 11,511 (11,511 ) – Insurance contract liabilities (4) – 18,226 18,226 Other liabilities (5) 95,235 (95 ) 95,140 Total liabilities $ 1,809,044 $  3,982 $  1,813,026 Total equity 108,175 (2,359 ) 105,816 Total liabilities and equity $  1,917,219 $ 1,623 $ 1,918,842 (1) Segregated fund net assets are now presented within Other assets. (2) The increase is primarily attributable to the inclusion of segregated fund net assets, the increase in insurance contract assets, reinsurance contracts held assets and the tax effects of the IFRS 17 transition adjustment. (3) Segregated fund insurance contracts are now presented within Insurance contract liabilities. (4) Insurance claims and policy benefit liabilities measured under IFRS 4 is replaced with Insurance contract liabilities measured under IFRS 17. The increase in these balances is attributable to presentation changes and remeasurement impacts including the establishment of the CSM for in-force (5) Certain liabilities that were previously presented in Other liabilities are now included in the measurement of insurance contracts or reinsurance contracts held. Impact of reclassifications of financial assets from IFRS 17 transition As permitted by IFRS 17, we reclassified certain eligible financial assets held in respect of activities that relate to insurance contracts upon the adoption of IFRS 17. The changes were primarily a result of changes to the business models based on facts and circumstances that existed as at November 1, 2023, the date of the initial application of IFRS 17. We have applied these changes retrospectively by adjusting our Consolidated Balance Sheet as at November 1, 2023 with no restatement of comparative information. The following were reclassified as at November 1, 2023: • $8.3 billion of securities and $2.0 billion of loans from designated as FVTPL to classified as FVTPL; • $0.5 billion of securities and $0.3 billion of loans from designated as FVTPL to classified as FVOCI; • $1.7 billion of securities from classified as FVOCI to classified as FVTPL; and • $0.3 billion of securities from classified as FVTPL to designated as FVOCI. The impacts of the reclassifications resulted in an increase in Other components of equity by $656 million, net of taxes, and a decrease in Retained earnings by the same amount, with no net impact to our total equity nor the carrying amounts of those assets.

Summary of significant accoun_3

Summary of significant accounting policies, estimates and judgments (Tables)	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Disclosure of Initial Application of Standards or Interpretations	The following details the selected balances and totals impacted on our Consolidated Balance Sheets as at November 1, 2022: (Millions of Canadian dollars) As at November 1, 2022 Transition As at November 1, 2022 Assets Segregated fund net assets (1) $ 2,638 $ (2,638 ) $ – Other Other assets (2) 80,300 4,261 84,561 Total assets $ 1,917,219 $ 1,623 $ 1,918,842 Liabilities Segregated fund net liabilities (3) $ 2,638 $ (2,638 ) $ – Other Insurance claims and policy benefit liabilities (4) 11,511 (11,511 ) – Insurance contract liabilities (4) – 18,226 18,226 Other liabilities (5) 95,235 (95 ) 95,140 Total liabilities $ 1,809,044 $  3,982 $  1,813,026 Total equity 108,175 (2,359 ) 105,816 Total liabilities and equity $  1,917,219 $ 1,623 $ 1,918,842 (1) Segregated fund net assets are now presented within Other assets. (2) The increase is primarily attributable to the inclusion of segregated fund net assets, the increase in insurance contract assets, reinsurance contracts held assets and the tax effects of the IFRS 17 transition adjustment. (3) Segregated fund insurance contracts are now presented within Insurance contract liabilities. (4) Insurance claims and policy benefit liabilities measured under IFRS 4 is replaced with Insurance contract liabilities measured under IFRS 17. The increase in these balances is attributable to presentation changes and remeasurement impacts including the establishment of the CSM for in-force (5) Certain liabilities that were previously presented in Other liabilities are now included in the measurement of insurance contracts or reinsurance contracts held.

Fair value of financial instr_2

Fair value of financial instruments (Tables)	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Summary of Comparison of Carrying and Fair Values for Each Classification of Financial Instrument	As at January 31, 2024 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 $ – $ 51,812 $ – $ – $ 9,268 $ 9,268 $ 61,080 $ 61,080 Securities Trading 192,679 918 – – – – 193,597 193,597 Investment, net of applicable allowance – – 120,281 1,239 90,696 85,727 212,216 207,247 192,679 918 120,281 1,239 90,696 85,727 405,813 400,844 Assets purchased under reverse repurchase agreements and securities borrowed 292,204 – – – 55,667 55,667 347,871 347,871 Loans, net of applicable allowance Retail 490 – 390 – 566,006 550,375 566,886 551,255 Wholesale 12,740 1,318 952 – 276,420 271,120 291,430 286,130 13,230 1,318 1,342 – 842,426 821,495 858,316 837,385 Other Derivatives 105,038 – – – – – 105,038 105,038 Other assets (1) 8,892 6 – – 59,389 59,389 68,287 68,287 Financial liabilities Deposits Personal $ 241 $ 28,089 $ 423,859 $ 423,208 $ 452,189 $ 451,538 Business and government (2) 180 151,518 592,074 592,014 743,772 743,712 Bank (3) – 9,401 35,806 35,807 45,207 45,208 421 189,008 1,051,739 1,051,029 1,241,168 1,240,458 Other Obligations related to securities sold short 35,012 – – – 35,012 35,012 Obligations related to assets sold under repurchase agreements and securities loaned – 300,662 33,828 33,828 334,490 334,490 Derivatives 106,974 – – – 106,974 106,974 Other liabilities (4) (1,099 ) 6 84,201 84,356 83,108 83,263 Subordinated debentures – – 11,525 11,511 11,525 11,511 As at October 31, 2023 (Restated – Note 2) 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 $ – $ 60,856 $ – $ – $ 10,230 $ 10,230 $ 71,086 $ 71,086 Securities Trading 180,651 9,500 – – – – 190,151 190,151 Investment, net of applicable – –  127,624 842 91,113 83,667 219,579 212,133 180,651 9,500 127,624  842 91,113 83,667 409,730 402,284 Assets purchased under reverse repurchase agreements and 285,869 – – – 54,322 54,322 340,191 340,191 Loans, net of applicable allowance Retail 114 362 280 – 566,376 542,480 567,132 543,236 Wholesale 5,629 3,619 597 – 275,796 268,843 285,641 278,688 5,743 3,981 877 – 842,172 811,323 852,773 821,924 Other Derivatives  142,450 – – – – – 142,450 142,450 Other assets (1) 7,579 5 – – 68,450 68,450 76,034 76,034 Financial liabilities Deposits Personal $ 109 $ 26,702 $ 415,135 $ 412,886 $ 441,946 $ 439,697 Business and government (2) 174 137,454 607,447 605,260 745,075 742,888 Bank (3) – 11,462 33,204 33,160 44,666 44,622 283 175,618  1,055,786  1,051,306  1,231,687  1,227,207 Other Obligations related to securities sold short 33,651 – – – 33,651 33,651 Obligations related to assets sold under repurchase agreements and securities loaned –  298,679 36,559 36,559 335,238 335,238 Derivatives 142,629 – – – 142,629 142,629 Other liabilities (4) (937 ) 11 92,539 92,441 91,613 91,515 Subordinated debentures – – 11,386 11,213 11,386 11,213 (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  January 31, 2024 October 31, 2023 (Restated – Note 2) 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 $ – $ 51,812 $ – $ $ 51,812 $ – $ 60,856 $ – $ $ 60,856 Securities Trading Debt issued or guaranteed by: Canadian government (1) Federal 19,907 3,320 – 23,227 26,675 2,581 – 29,256 Provincial and municipal – 17,816 – 17,816 – 16,389 – 16,389 U.S. federal, state, municipal and agencies (1), (2) 1,734 55,806 – 57,540 2,249 50,439 – 52,688 Other OECD government (3) 2,047 2,942 – 4,989 2,055 2,577 – 4,632 Mortgage-backed securities (1) – 2 – 2 – 2 – 2 Asset-backed securities Non-CDO (4) – 1,205 – 1,205 – 1,245 – 1,245 Corporate debt and other debt – 24,175 – 24,175 – 22,615 – 22,615 Equities 60,184 2,173 2,286 64,643 58,826 2,232 2,266 63,324 83,872 107,439 2,286 193,597 89,805 98,080 2,266 190,151 Investment Debt issued or guaranteed by: Canadian government (1) Federal 313 3,730 – 4,043 2,731 3,528 – 6,259 Provincial and municipal – 1,957 – 1,957 – 2,748 – 2,748 U.S. federal, state, municipal and agencies (1) 729 63,053 – 63,782 275 73,020 – 73,295 Other OECD government 2,029 7,620 – 9,649 – 6,192 – 6,192 Mortgage-backed securities (1) – 2,502 30 2,532 – 2,672 29 2,701 Asset-backed securities CDO – 7,766 – 7,766 – 8,265 – 8,265 Non-CDO – 410 – 410 – 441 – 441 Corporate debt and other debt – 29,994 148 30,142 – 27,574 149 27,723 Equities 369 408 462 1,239 38 338 466 842 3,440 117,440 640 121,520 3,044 124,778 644 128,466 Assets purchased under reverse repurchase agreements and securities borrowed – 292,204 – 292,204 – 285,869 – 285,869 Loans – 14,075 1,815 15,890 – 8,742 1,859 10,601 Other Derivatives Interest rate contracts – 30,982 329 31,311 – 39,243 290 39,533 Foreign exchange contracts – 59,066 9 59,075 – 89,644 4 89,648 Credit derivatives – 160 – 160 – 224 – 224 Other contracts 2,478 14,187 42 16,707 2,352 13,927 111 16,390 Valuation adjustments – (1,503 ) 4 (1,499 ) – (1,805 ) 4 (1,801 ) Total gross derivatives 2,478 102,892 384 105,754 2,352 141,233 409 143,994 Netting adjustments (716) (716 ) (1,544) (1,544 ) Total derivatives 105,038 142,450 Other assets 4,602 4,286 10 8,898 4,152 3,421 11 7,584 $ 94,392 $ 690,148 $ 5,135 $ (716) $ 788,959 $  99,353 $  722,979 $  5,189 $  (1,544) $  825,977 Financial liabilities Deposits Personal $ – $ 27,901 $ 429 $ $ 28,330 $ – $ 26,428 $ 383 $ $ 26,811 Business and government – 151,698 – 151,698 – 137,628 – 137,628 Bank – 9,401 – 9,401 – 11,462 – 11,462 Other Obligations related to securities sold short 13,343 21,669 – 35,012 14,391 19,260 – 33,651 Obligations related to assets sold under repurchase agreements and securities loaned – 300,662 – 300,662 – 298,679 – 298,679 Derivatives Interest rate contracts – 28,964 864 29,828 – 41,249 952 42,201 Foreign exchange contracts – 51,620 58 51,678 – 81,750 53 81,803 Credit derivatives – 166 – 166 – 176 – 176 Other contracts 3,411 22,894 391 26,696 3,119 17,306 549 20,974 Valuation adjustments – (678 ) – (678 ) – (982 ) 1 (981 ) Total gross derivatives 3,411 102,966 1,313 107,690 3,119 139,499 1,555 144,173 Netting adjustments (716) (716 ) (1,544) (1,544 ) Total derivatives 106,974 142,629 Other liabilities 394 (1,487 ) – (1,093 ) 370 (1,296 ) – (926 ) $ 17,148 $ 612,810 $ 1,742 $ (716) $ 630,984 $ 17,880 $ 631,660 $ 1,938 $ (1,544) $ 649,934 (1) As at January 31, 2024, residential and commercial mortgage-backed securities (MBS) included in all fair value levels of trading securities were $13,307 million million million ( (2) United States (U.S.). (3) Organisation for Economic Co-operation (4) Collateralized debt obligations (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 January 31, 2024 (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 – – – – – – – – – Corporate debt and other debt – – – – – – – – – Equities 2,266 (18 ) (36 ) 98 (24 ) – – 2,286 1 2,266 (18 ) (36 ) 98 (24 ) – – 2,286 1 Investment Mortgage-backed securities 29 – 1 – – – – 30 n.a. Corporate debt and other debt 149 – 3 – (4 ) – – 148 n.a. Equities 466 – (4 ) – – – – 462 n.a. 644 – – – (4 ) – – 640 n.a. Loans 1,859 (46 ) (8 ) 165 (193 ) 38 – 1,815 (44 ) Other Net derivative balances (3) Interest rate contracts (662 ) 80 – 12 16 17 2 (535 ) 84 Foreign exchange contracts (49 ) (11 ) 1 5 5 – – (49 ) (11 ) Other contracts (438 ) (123 ) 14 (15 ) (2 ) (7 ) 222 (349 ) (71 ) Valuation adjustments 3 – – 1 – – – 4 – Other assets 11 – – – (1 ) – – 10 – $ 3,634 $ (118 ) $ (29 ) $ 266 $ (203 ) $ 48 $ 224 $ 3,822 $ (41 ) Liabilities Deposits $ (383 ) $ (47 ) $ 3 $ (122 ) $ 13 $ (1 ) $ 108 $ (429 ) $ (33 ) $ (383 ) $ (47 ) $ 3 $ (122 ) $ 13 $ (1 ) $ 108 $ (429 ) $ (33 ) For the three months ended January 31, 2023 (Millions of Canadian dollars) Fair value Gains (losses) Gains (losses) Purchases Settlement Transfers Transfers Fair value Gains (losses) included Assets Securities Trading Debt issued or guaranteed by: U.S. state, municipal and agencies $ 4 $ – $ – $ – $ (4 ) $ – $ – $ – $ – Asset-backed securities Non-CDO 2 – – – (2 ) – – – – Corporate debt and other debt 7 – – – – – (7 ) – – Equities 1,874 (14 ) (25 ) 250 (20 ) 41 – 2,106 (32 ) 1,887 (14 ) (25 ) 250 (26 ) 41 (7 ) 2,106 (32 ) Investment Mortgage-backed securities 28 – – – – – – 28 n.a. Corporate debt and other debt 151 – (1 ) – (1 ) – – 149 n.a. Equities 397 – 24 – (1 ) – – 420 n.a. 576 – 23 – (2 ) – – 597 n.a. Loans 1,692 (52 ) (7 ) 1,193 (120 ) 28 (137 ) 2,597 (15 ) Other Net derivative balances (3) Interest rate contracts (859 ) 5 5 (20 ) 173 18 24 (654 ) 8 Foreign exchange contracts (132 ) 5 8 4 37 – 15 (63 ) 8 Other contracts (785 ) (55 ) 17 (8 ) 62 (31 ) 253 (547 ) (26 ) Valuation adjustments 53 – – – (36 ) – – 17 – Other assets 15 – – – (2 ) – – 13 – $ 2,447 $ (111 ) $ 21 $ 1,419 $ 86 $ 56 $ 148 $ 4,066 $ (57 ) Liabilities Deposits $ (241 ) $ (20 ) $ 1 $ (35 ) $ 2 $ (34 ) $ 77 $ (250 ) $ (14 ) $ (241 ) $ (20 ) $ 1 $ (35 ) $ 2 $ (34 ) $ 77 $ (250 ) $ (14 ) (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 $10 million (2) Other includes amortization of premiums or discounts recognized in net income. (3) Net derivatives as at January 31, 2024 included derivative assets of $384 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 (Millions of Canadian dollars) January 31 2024 January 31 2023 Interest and dividend income (1), (2) Financial instruments measured at fair value through profit or loss $ 9,474 $ 6,709 Financial instrume nt ir 1,608 942 Financial instruments measured at amortized cost 14,527 11,686 25,609  19,337 Interest expense (1) Financial instruments measured at fair value through profit or loss 9,084 6,240 Financial instruments measured at amortized cost 10,193 6,895 19,277 13,135 Net interest income $   6,332 $ 6,202 (1) Excludes interest and dividend income of $272 million (January 31, 2023 – $143 (2) Includes dividend income for the three months ended January 31, 2024 of $ o

Securities (Tables)

Securities (Tables)	3 Months Ended
	Jan. 31, 2024
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              January 31, 2024 (3) October 31, 2023 (Millions of Canadian dollars) Cost/ Gross Gross Fair value Cost/ Gross Gross Fair value Debt issued or guaranteed by: Canadian government Federal $ 4,058 $ 3 $ (18 ) $ 4,043 $ 6,609 $ 1 $ (351 ) $ 6,259 Provincial and municipal 1,937 48 (28 ) 1,957 3,396 2 (650 ) 2,748 U.S. federal, state, municipal and agencies 65,178 367 (1,763 ) 63,782 75,326 343 (2,374 ) 73,295 Other OECD government 9,664 6 (21 ) 9,649 6,200 1 (9 ) 6,192 Mortgage-backed securities 2,566 1 (35 ) 2,532 2,762 – (61 ) 2,701 Asset-backed securities CDO 7,769 9 (12 ) 7,766 8,308 3 (46 ) 8,265 Non-CDO 414 – (4 ) 410 444 2 (5 ) 441 Corporate debt and other debt 30,131 95 (84 ) 30,142 27,774 44 (95 ) 27,723 Equities 816 429 (6 ) 1,239 493 357 (8 ) 842 $ 122,533 $ 958 $ (1,971 ) $ 121,520 $  131,312 $ 753 $  (3,599 ) $  128,466 (1) Excludes $90,696 million of held-to-collect (2) Gross unrealized gains and losses includes $(33) million (3) These amounts reflect certain reclassifications made upon the adoption of IFRS 17 as at November 1, 2023 with no restatement of comparative information. Refer to Note 2 for further details.
Summary of Allowance for credit losses - Securities at Amortized Cost	Allowance for credit losses – securities at FVOCI (1) For the three months ended January 31, 2024 January 31, 2023 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 $ 4 $ – $ (37 ) $ (33 ) $ 3 $ 1 $ (23 ) $ (19 ) Provision for credit losses Transfers to stage 1 – – – – – – – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 3 – – 3 2 – – 2 S a (1 ) – – (1 ) – –   –    – Changes in risk, parameters and exposures (2 ) – (2 ) (4 ) (1 ) – (2 ) (3 ) Exchange rate and other – – 2 2 – – 1 1 Balance at end of period $   4 $    – $  (37 ) $  (33 ) $   4 $   1 $ (24 ) $ (19 ) (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 January 31, 2024 January 31, 2023 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 $ 15 $ – $ 23 $ 8 $ 14 $ – $ 22 Provision for credit losses Transfers to stage 1 – – – – – – – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – –    – – – –    – Purchases 3 – – 3 4 – – 4 Sales and maturities – – – – – – – – Changes in risk, parameters and exposures (2 ) – – (2 ) (2 ) (1 )     – (3 ) Exchange rate and other – (1 ) – (1 ) – – – – Balance at end of period $   9 $  14 $    – $  23 $   10 $  13 $ – $  23
Summary of Credit risk exposure on Investment Securities by internal risk rating	(1) Reflects $148 (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)	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Disclosure of Allowance for Credit Losses	Allowance for credit losses For the three months ended January 31, 2024 January 31, 2023 (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 $ 481 $ 74 $ (1 ) $ (12 ) $ 542 $ 432 $ 51 $ (5 ) $ (9 ) $ 469 Personal 1,228 202 (139 ) (4 ) 1,287 1,043 169 (83 ) – 1,129 Credit cards 1,069 183 (150 ) (1 ) 1,101 893 136 (102 ) (1 ) 926 Small business 194 37 (15 ) (4 ) 212 194 17 (9 ) 2 204 Wholesale 2,326 329 (149 ) (61 ) 2,445 1,574 161 (17 ) (38 ) 1,680 Customers’ liability under acceptances 50 (7 ) – – 43 45 (4 ) – – 41 $  5,348 $ 818 $ (454 ) $ (82 ) $  5,630 $  4,181 $ 530 $  (216 ) $ (46 ) $  4,449 Presented as: Allowance for loan losses $ 5,004 $ 5,299 $ 3,753 $ 3,999 Other liabilities – Provisions 288 282 378 403 Customers’ liability under acceptances 50 43 45 41 Other components of equity 6 6 5 6
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 January 31, 2024 January 31, 2023 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 $ 223 $ 90 $ 168 $ 481 $ 235 $ 65 $ 132 $ 432 Provision for credit losses Transfers to stage 1 17 (17 ) – – 13 (13 ) – – Transfers to stage 2 (6 ) 10 (4 ) – (6 ) 10 (4 ) – Transfers to stage 3 (1 ) (8 ) 9 – – (3 ) 3 – Originations 19 – – 19 30 – – 30 Maturities (4 ) (4 ) – (8 ) (4 ) (2 ) – (6 ) Changes in risk, parameters and exposures (1 ) 40 24 63 (13 ) 25 15 27 Write-offs – – (4 ) (4 ) – – (8 ) (8 ) Recoveries – – 3 3 – – 3 3 Exchange rate and other (2 ) (1 ) (9 ) (12 ) (1 ) – (8 ) (9 ) Balance at end of period $ 245 $ 110 $ 187 $ 542 $ 254 $ 82 $ 133 $ 469 Personal Balance at beginning of period $ 280 $ 793 $ 155 $ 1,228 $ 285 $ 661 $ 97 $ 1,043 Provision for credit losses Transfers to stage 1 125 (125 ) – – 150 (150 ) – – Transfers to stage 2 (19 ) 20 (1 ) – (23 ) 23 – – Transfers to stage 3 (1 ) (28 ) 29 – – (13 ) 13 – Originations 22 – – 22 23 – – 23 Maturities (12 ) (46 ) – (58 ) (12 ) (25 ) – (37 ) Changes in risk, parameters and exposures (114 ) 229 123 238 (138 ) 231 90 183 Write-offs – – (169 ) (169 ) – – (112 ) (112 ) Recoveries – – 30 30 – – 29 29 Exchange rate and other (1 ) – (3 ) (4 ) 1 (2 ) 1 – Balance at end of period $ 280 $ 843 $ 164 $ 1,287 $ 286 $ 725 $ 118 $ 1,129 Credit cards Balance at beginning of period $ 203 $ 866 $ – $ 1,069 $ 177 $ 716 $ – $ 893 Provision for credit losses Transfers to stage 1 137 (137 ) – – 164 (164 ) – – Transfers to stage 2 (28 ) 28 – – (20 ) 20 – – Transfers to stage 3 (1 ) (108 ) 109 – – (94 ) 94 – Originations 3 – – 3 4 – – 4 Maturities (1 ) (8 ) – (9 ) (1 ) (7 ) – (8 ) Changes in risk, parameters and exposures (125 ) 272 42 189 (139 ) 271 8 140 Write-offs – – (259 ) (259 ) – – (142 ) (142 ) Recoveries – – 109 109 – – 40 40 Exchange rate and other – – (1 ) (1 ) (1 ) – – (1 ) Balance at end of period $ 188 $ 913 $ – $ 1,101 $ 184 $ 742 $ – $ 926 Small business Balance at beginning of period $ 70 $ 66 $ 58 $ 194 $ 73 $ 73 $ 48 $ 194 Provision for credit losses Transfers to stage 1 5 (5 ) – – 10 (10 ) – – Transfers to stage 2 (5 ) 5 – – (3 ) 3 – – Transfers to stage 3 – (2 ) 2 – – (2 ) 2 – Originations 9 – – 9 8 – – 8 Maturities (3 ) (5 ) – (8 ) (4 ) (6 ) – (10 ) Changes in risk, parameters and exposures (5 ) 15 26 36 (12 ) 13 18 19 Write-offs – – (18 ) (18 ) – – (11 ) (11 ) Recoveries – – 3 3 – – 2 2 Exchange rate and other 1 – (5 ) (4 ) 1 2 (1 ) 2 Balance at end of period $ 72 $ 74 $ 66 $ 212 $ 73 $ 73 $ 58 $ 204 Wholesale Balance at beginning of period $ 774 $ 785 $ 767 $ 2,326 $ 597 $ 585 $ 392 $ 1,574 Provision for credit losses Transfers to stage 1 50 (50 ) – – 51 (51 ) – – Transfers to stage 2 (55 ) 58 (3 ) – (20 ) 21 (1 ) – Transfers to stage 3 (3 ) (9 ) 12 – (3 ) (14 ) 17 – Originations 124 – – 124 153 – – 153 Maturities (97 ) (87 ) – (184 ) (118 ) (71 ) – (189 ) Changes in risk, parameters and exposures (101 ) 173 317 389 (55 ) 150 102 197 Write-offs – – (160 ) (160 ) – – (26 ) (26 ) Recoveries – – 11 11 – – 9 9 Exchange rate and other 17 (17 ) (61 ) (61 ) (5 ) (8 ) (25 ) (38 ) Balance at end of period $   709 $   853 $   883 $  2,445 $   600 $   612 $   468 $  1,680
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   As at        January 31, 2024 October 31, 2023 (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 $ 347,982 $ 2,453 $ – $ 350,435 $ 349,001 $ 1,630 $ – $ 350,631 Medium risk 19,103 1,586 – 20,689 19,126 1,610 – 20,736 High risk 1,463 5,499 – 6,962 1,582 4,927 – 6,509 Not rated (1) 52,733 1,402 – 54,135 54,247 1,220 – 55,467 Impaired – – 853 853 – – 682 682 421,281 10,940 853 433,074 423,956 9,387 682 434,025 Items not subject to impairment (2) 490 476 Total $ 433,564 $ 434,501 Loans outstanding – Personal Low risk $ 76,351 $ 1,741 $ – $ 78,092 $ 75,572 $ 1,676 $ – $ 77,248 Medium risk 5,720 2,937 – 8,657 5,587 2,915 – 8,502 High risk 468 2,145 – 2,613 477 2,088 – 2,565 Not rated (1) 9,330 266 – 9,596 9,982 157 – 10,139 Impaired – – 317 317 – – 280 280 Total $ 91,869 $ 7,089 $ 317 $ 99,275 $ 91,618 $ 6,836 $ 280 $ 98,734 Loans outstanding – Credit cards Low risk $ 16,331 $ 162 $ – $ 16,493 $ 16,331 $ 135 $ – $ 16,466 Medium risk 1,709 2,134 – 3,843 1,771 2,132 – 3,903 High risk 45 1,851 – 1,896 41 1,734 – 1,775 Not rated (1) 741 32 – 773 856 35 – 891 Total $ 18,826 $ 4,179 $ – $ 23,005 $ 18,999 $ 4,036 $ – $ 23,035 Loans outstanding – Small business Low risk $ 8,724 $ 899 $ – $ 9,623 $ 8,641 $ 920 $ – $ 9,561 Medium risk 2,275 969 – 3,244 2,238 936 – 3,174 High risk 122 785 – 907 99 592 – 691 Not rated (1) 8 – – 8 11 – – 11 Impaired – – 268 268 – – 244 244 Total $ 11,129 $ 2,653 $ 268 $ 14,050 $ 10,989 $ 2,448 $ 244 $ 13,681 Undrawn loan commitments – Retail Low risk $ 264,315 $ 769 $ – $ 265,084 $ 266,209 $ 610 $ – $ 266,819 Medium risk 11,705 332 – 12,037 10,759 298 – 11,057 High risk 1,122 465 – 1,587 956 434 – 1,390 Not rated (1) 6,953 161 – 7,114 6,686 138 – 6,824 Total $ 284,095 $ 1,727 $ – $ 285,822 $ 284,610 $ 1,480 $ – $ 286,090 Wholesale – Loans outstanding Investment grade $ 91,756 $ 356 $ – $ 92,112 $ 89,037 $ 416 $ – $ 89,453 Non-investment 149,767 24,149 – 173,916 156,211 19,210 – 175,421 Not rated (1) 10,676 199 – 10,875 10,968 238 – 11,206 Impaired – – 2,760 2,760 – –  2,498 2,498 252,199 24,704 2,760 279,663 256,216 19,864 2,498 278,578 Items not subject to impairment (2) 14,058 9,248 Total $ 293,721 $ 287,826 Undrawn loan commitments – Wholesale Investment grade $ 311,697 $ 45 $ – $ 311,742 $ 312,178 $ 186 $ – $ 312,364 Non-investment 129,709 14,604 – 144,313 130,994 13,947 – 144,941 Not rated (1) 5,440 1 – 5,441 4,176 – – 4,176 Total $ 446,846 $ 14,650 $ – $ 461,496 $  447,348 $  14,133 $ – $  461,481 (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        January 31, 2024 October 31, 2023 (Millions of Canadian dollars) 30 to 89 days 90 days Total 30 to 89 days 90 days Total Retail $ 1,933 $ 224 $ 2,157 $ 1,840 $ 208 $ 2,048 Wholesale 1,220 57 1,277 1,823 49 1,872 $ 3,153 $ 281 $ 3,434 $  3,663 $  257 $   3,920 (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)	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Summary of Deposit Liabilities	As at January 31, 2024 October 31, 2023 (Millions of Canadian dollars) Demand Notice Term Total Demand (1) Notice (2) Term (3) Total Personal $ 183,035 $ 59,654 $ 209,500 $ 452,189 $ 186,530 $ 57,614 $ 197,802 $ 441,946 Business and government 308,455 16,663 418,654 743,772 316,200 19,056 409,819 745,075 Bank 7,994 688 36,525 45,207 7,996 769 35,901 44,666 $ 499,484 $ 77,005 $ 664,679 $ 1,241,168 $ 510,726 $ 77,439 $ 643,522 $ 1,231,687 Non-interest-bearing (4) Canada $ 128,063 $ 6,187 $ 193 $ 134,443 $ 132,994 $ 6,107 $ 168 $ 139,269 United States 36,514 – – 36,514 40,646 – – 40,646 Europe (5) 11 – – 11 17 – – 17 Other International 7,262 – – 7,262 7,265 – – 7,265 Interest-bearing (4) Canada 300,806 14,502 515,934 831,242 302,746 14,641 493,347 810,734 United States 16,206 55,499 83,225 154,930 16,210 55,895 78,837 150,942 Europe (5) 5,154 771 48,402 54,327 5,353 726 51,812 57,891 Other International 5,468 46 16,925 22,439 5,495 70 19,358 24,923 $  499,484 $  77,005 $  664,679 $  1,241,168 $  510,726 $  77,439 $  643,522 $  1,231,687 (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 January 31, 2024, deposits denominated in U.S. dollars, British pounds, Euro and other foreign currencies were $453 billion billion , billion an billion , (5) Europe includes the United Kingdom and the Channel Islands.
Summary of Contractual Maturities of Term Deposit Liabilities	Contractual maturities of term deposits  As at   (Millions of Canadian dollars) January 31 2024 October 31 2023 Within 1 year: less than 3 months $ 168,694 $ 182,373 3 to 6 months 100,797 69,868 6 to 12 months 145,368 151,079 1 to 2 years 76,110 76,232 2 to 3 years 55,812 49,965 3 to 4 years 39,359 36,774 4 to 5 years 29,681 36,506 Over 5 years 48,858 40,725 $ 664,679 $ 643,522 Aggregate amount of term deposits in denominations of one hundred thousand dollars or more $ 602,000 $  586,000

Insurance and reinsurance (Tabl

Insurance and reinsurance (Tables)	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Summary of Insurance and Reinsurance Contracts by Measurement Components	Insurance and reinsurance contracts by measurement components (1) The following table presents the measurement components of assets and liabilities for insurance contracts issued and reinsurance contracts held by estimates of present value of future cash flows, risk adjustment for non-financial risk and CSM. These contracts are presented on a portfolio basis such that portfolios of contracts that are in an asset position are presented separately from those that are in a liability position. Financial assets held in support of the insurance and reinsurance contracts are not reflected in this table.  As at January 31, 2024 October 31, 2023 (Millions of Canadian dollars) Estimates of Risk non-financial CSM Total Estimates of Risk non-financial CSM Total Insurance contract assets ( 2 $ 1,952 $ (630 ) $ (558 ) $ 764 $ 1,790 $ (544 ) $ (565 ) $ 681 Insurance contract liabilities ( 3 Insurance contract liabilities for segregated funds $ (3,236 ) $ (16 ) $ (54 ) $ (3,306 ) $ (2,553 ) $ (15 ) $ (64 ) $ (2,632 ) Insurance contract liabilities excluding segregated funds (13,227 ) (2,664 ) (2,145 ) (18,036 ) (11,955 ) (2,308 ) (2,131 ) (16,394 ) $ (16,463 ) $ (2,680 ) $ (2,199 ) $ (21,342 ) $ (14,508 ) $ (2,323 ) $ (2,195 ) $ (19,026 ) Reinsurance contracts held assets ( 2 3 $ 360 $ 555 $ 780 $ 1,695 $ 327 $ 469 $ 786 $ 1,582 Reinsurance contracts held liabilities ( 4 $ – $ – $ – $ – $ (42 ) $ 6 $ 18 $ (18 ) CSM for insurance contracts, net of reinsurance contracts held $ (1,977 ) $ (1,956 ) (1) Includes contracts measured using the GMM and VFA that have CSM and contracts measured using the PAA in which CSM is not applicable. (2) Presented in Other assets. (3) Insurance contract liabilities and reinsurance contract held assets primarily relate to balances for remaining coverage for future services on contracts measured using the GMM or VFA. (4) Presented in Other liabilities.
Summary of Composition of Insurance Service Result and Insurance Investment Result for Insurance Contracts Issued and Reinsurance Contracts Held	The following table provides the composition of Insurance service result and Insurance investment result for insurance contracts issued and reinsurance contracts held. For the three months ended (Millions of Canadian dollars) January 31 2024 January 31 2023 (1) Insurance service result Insurance revenue $ 1,205 $ 1,104 Insurance service expense (984 ) (853 ) Net income (expense) from reinsurance contracts held (34 ) (59 ) $ 187 $ 192 Insurance investment result Net investment income $ 2,018 $ 1,019 Insurance finance income (expense) (1,976 ) (1,134 ) Reinsurance finance income (expense) 99 42 $ 141 $ (73 ) Insurance service and insurance investment results $ 328 $ 119 (1) The 2023 amounts may not be fully comparable to the current period as we were not managing our asset and liability portfolios under IFRS 17 and Net investment income was not restated for the reclassifications of certain eligible financial assets. Refer to Note 2 for further

Employee benefits - Pension a_2

Employee benefits - Pension and other post-employment benefits (Tables)	3 Months Ended
	Jan. 31, 2024
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) January 31 2024 January 31 2023 January 31 2024 January 31 2023 Current service costs $ 46 $ 48 $ 8 $ 8 Past service costs – – – – Net interest expense (income) (38 ) (40 ) 20 19 Remeasurements of other long-term benefits – – 10 2 Administrative expense 4 3 – – Defined benefit pension expense (1) 12 11 38 29 Defined contribution pension expense (1) 106 85 – – $ 118 $ 96 $ 38 $ 29 (1) Pension expenses are primarily reported in Non-Interest
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) January 31 2024 January 31 2023 January 31 2024 January 31 2023 Actuarial (gains) losses: Changes in financial assumptions (2) $ 1,271 $ 772 $ 120 $ 75 Experience adjustments – – 1 – Return on plan assets (excluding interest based on discount rate) (1,469 ) (594 ) – – $ (198 ) $ 178 $ 121 $ 75 (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)	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Summary of Common Shares Issued	For the three months ended January 31, 2024 January 31, 2023 (Millions of Canadian dollars, except number of shares) Number of Amount Number of Amount Issued in connection with share-based compensation plans (1) 400 $ 38 269 $ 24 Issued in connection with dividend reinvestment plan (2) 6,135 720 – – 6,535 $   758 269 $   24 (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 January 31, 2024 our DRIP requirements were satisfied through shares issued from treasury. During the three months ended January 31, 2023 our DRIP requirements were satisfied through open market share purchases.

Earnings per share (Tables)

Earnings per share (Tables)	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Summary of Earnings Per Share	For the three months ended (Millions of Canadian dollars, except share and per share amounts) January 31 2024 January 31 2023 (Restated – Note 2) Basic earnings per share Net income $ 3,582 $ 3,133 Dividends on preferred shares and distributions on other equity instruments (58 ) (44 ) Net income attributable to non-controlling (2 ) (2 ) Net income available to common shareholders $ 3,522 $ 3,087 Weighted average number of common shares (in thousands) 1,406,324 1,382,754 Basic earnings per share (in dollars) $    2.50 $ 2.23 Diluted earnings per share Net income available to common shareholders $ 3,522 $ 3,087 Weighted average number of common shares (in thousands) 1,406,324 1,382,754 Stock options (1) 1,291 1,756 Issuable under other share-based compensation plans 26 26 Average number of diluted common shares (in thousands) 1,407,641  1,384,536 Diluted earnings per share (in dollars) $ 2.50 $ 2.23 (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 January 31, 2024, an average of 2,216,903 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 January 31, 2023, an average of 591,472 outstanding options with an average exercise price of $131.64 were excluded from the calculation of diluted earnings per share.

Results by business segment (Ta

Results by business segment (Tables)	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Disclosure of operating segments	For the three months ended January 31, 2024 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income (2) $ 4,216 $ 1,150 $ – $ 661 $ 305 $ 6,332 Non-interest 1,578 3,387 363 2,290 (465 ) 7,153 Total revenue 5,794 4,537 363 2,951 (160 ) 13,485 Provision for credit losses 634 11 1 167 – 813 Non-interest 2,339 3,768 71 1,642 504 8,324 Income (loss) before income taxes 2,821 758 291 1,142 (664 ) 4,348 Income taxes (recoveries) 760 152 71 (12 ) (205 ) 766 Net income $ 2,061 $ 606 $ 220 $ 1,154 $ (459 ) $ 3,582 Non-interest Depreciation and amortization $ 235 $ 311 $ 4 $ 124 $ (2 ) $ 672 For the three months ended January 31, 2023 (Restated – Note 2) (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income ( 2 $ 4,007 $ 1,216 $ – $ 792 $ 187 $ 6,202 Non-interest 1,534 3,344 154 2,354 (231 ) 7,155 Total revenue 5,541 4,560 154 3,146 (44 ) 13,357 Provision for credit losses 401 66 – 65 – 532 Non-interest 2,229 3,434 70 1,701 155 7,589 Income (loss) before income taxes 2,911 1,060 84 1,380 (199 ) 5,236 Income taxes (recoveries) 785 230 17 139 932 2,103 Net income $ 2,126 $ 830 $ 67 $ 1,241 $ (1,131 ) $  3,133 Non-interest Depreciation and amortization $ 241 $ 301 $ 8 $ 127 $ – $ 677 (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 for the three months ended January 31, 2023 have been revised from those previously presented. (4) Effective the fourth quarter of 2023, we moved the Investor Services lending business from our Wealth Management segment to our Capital Markets segment. Therefore, comparative results for the three months ended January 31, 2023 have been revised from those previously presented. Total assets and total liabilities by business segment As at January 31, 2024 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Markets Corporate Total Total assets $ 640,193 $ 175,270 $ 26,956 $ 1,069,398 $ 62,588 $ 1,974,405 Total liabilities 640,114 174,043 26,904 1,069,685 (52,829 ) 1,857,917 As at October 31, 2023 (Restated – Note 2) (Millions of Canadian dollars) Personal & Wealth Insurance Capital Markets Corporate Total Total assets $  636,046 $  179,227 $  24,130 $  1,100,172 $    66,956 $  2,006,531 Total liabilities 635,952 177,389 24,895 1,099,893 (46,745 ) 1,891,384

Capital management (Tables)

Capital management (Tables)	3 Months Ended
	Jan. 31, 2024
Text Block [Abstract]
Summary of Regulatory Capital and Capital Ratios	As at (Millions of Canadian dollars, except percentage amounts and as otherwise noted) January 31 2024 October 31 2023 Capital (1), (2) CET1 capital $ 88,106 $ 86,611 Tier 1 capital 96,140 93,904 Total capital 106,865 104,952 Risk-weighted assets (RWA) used in calculation of capital ratios (1), (2) Credit risk $ 474,677 $ 475,842 Market risk 30,980 40,498 Operational risk 84,600 79,883 Total RWA $ 590,257 $ 596,223 Capital ratios and Leverage ratio (1), (2) CET1 ratio 14.9% 14.5% Tier 1 capital ratio 16.3% 15.7% Total capital ratio 18.1% 17.6% Leverage ratio 4.4% 4.3% Leverage ratio exposure (billions) $ 2,173 $ 2,180 TLAC available and ratios (1), (3) TLAC available $  185,556 $  184,916 TLAC ratio 31.4% 31.0% TLAC leverage ratio 8.5% 8.5% (1) As prior period restatements are not required by OSFI, there was no impact from the adoption of IFRS 17 on regulatory capital, RWA, capital ratios, leverage ratio, TLAC available and TLAC ratios for periods prior to November 1, 2023. (2) 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 periods ended January 31, 2024 and October 31, 2023 reflect our adoption of the revised CAR and LR guidelines that came into effect in Q2 2023, as further updated on October 20, 2023 as part of OSFI’s implementation of the Basel III reforms. The period ended January 31, 2024 also reflects our adoption of the revised market risk and CVA frameworks that came into effect on November 1, 2023. (3) 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_4

Summary of significant accounting policies, estimates and judgments - Disclosure Of Initial Application Of Standards Or Interpretations (Detail) - CAD ($) $ in Millions	Jan. 31, 2024	Oct. 31, 2023	Jan. 31, 2023	Nov. 01, 2022	Oct. 31, 2022
Other
Other assets	$ 80,294	$ 81,371
Total assets	1,974,405	2,006,531
Other
Insurance contract liabilities	21,342	19,026
Other liabilities	90,570	96,022
Total liabilities	1,857,917	1,891,384
Total equity	116,488	115,147	$ 105,359
Total liabilities and equity	$ 1,974,405	2,006,531
IFRS 17 [member]
Other
Other assets				$ 84,561
Total assets				1,918,842
Other
Insurance contract liabilities				18,226
Other liabilities				95,140
Total liabilities				1,813,026
Total equity				105,816
Total liabilities and equity				1,918,842
Before transition [member]
Other
Total equity		$ 115,147			$ 108,175
Before transition [member] | IFRS 17 [member]
Assets [abstract]
Segregated fund net assets				2,638
Other
Other assets				80,300
Total assets				1,917,219
Liabilities
Segregated fund net liabilities				2,638
Other
Insurance claims and policy benefit liabilities				11,511
Other liabilities				95,235
Total liabilities				1,809,044
Total equity				108,175
Total liabilities and equity				1,917,219
Transition adjustments [member]
Other
Total equity					$ (2,359)
Transition adjustments [member] | IFRS 17 [member]
Assets [abstract]
Segregated fund net assets				(2,638)
Other
Other assets				4,261
Total assets				1,623
Liabilities
Segregated fund net liabilities				(2,638)
Other
Insurance claims and policy benefit liabilities				(11,511)
Insurance contract liabilities				18,226
Other liabilities				(95)
Total liabilities				3,982
Total equity				(2,359)
Total liabilities and equity				$ 1,623

Summary of significant accoun_5

Summary of significant accounting policies, estimates and judgments - Additional Information (Detail) - CAD ($) $ in Millions	Nov. 01, 2023	Jan. 31, 2024	Oct. 31, 2023	Nov. 01, 2022
Significant Accounting Policies, Estimates and Judgments [Line Items]
Increase in Other components of equity		$ 6,239	$ 6,852
Cumulative reduction in retained earnings net of tax		82,049	$ 81,715
Increase (decrease) due to changes in accounting policy required by IFRSs, cumulative effect at date of initial application [member] | Estimated retrospective adjustments [member] | IFRS 17 [member]
Significant Accounting Policies, Estimates and Judgments [Line Items]
Cumulative reduction in retained earnings net of tax				$ 2,400
Increase (decrease) due to changes in accounting policy required by IFRSs, cumulative effect at date of initial application [member] | 2024 [member] | IFRS 17 [member]
Significant Accounting Policies, Estimates and Judgments [Line Items]
Insurance contract liability cumulative impact of measurement				$ 1,800
Designated as FVTPL To Classified As FVTPL [member] | Financial assets at fair value [member]
Significant Accounting Policies, Estimates and Judgments [Line Items]
Amount of reclassifications	$ 8,300
Designated as FVTPL To Classified As FVTPL [member] | Financial assets at amortised cost, class [member]
Significant Accounting Policies, Estimates and Judgments [Line Items]
Amount of reclassifications	2,000
Designated As FVTPL To Classified As FVOCI [member] | Financial assets at fair value [member]
Significant Accounting Policies, Estimates and Judgments [Line Items]
Amount of reclassifications	500
Designated As FVTPL To Classified As FVOCI [member] | Financial assets at amortised cost, class [member]
Significant Accounting Policies, Estimates and Judgments [Line Items]
Amount of reclassifications	300
FVOCI To Classified As FVTPL [member] | Financial assets at fair value [member]
Significant Accounting Policies, Estimates and Judgments [Line Items]
Amount of reclassifications	1,700
FVTPL To Designated As FVOCI [member] | Financial assets at fair value [member]
Significant Accounting Policies, Estimates and Judgments [Line Items]
Amount of reclassifications	$ 300
Increase (decrease) due to changes in accounting policy [member] | IFRS 17 [member]
Significant Accounting Policies, Estimates and Judgments [Line Items]
Increase in Other components of equity		$ 656

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	Jan. 31, 2024	Oct. 31, 2023
Financial assets
Interest-bearing deposits with banks	$ 61,080	$ 71,086
Securities
Trading	193,597	190,151
Investment, net of applicable allowance	212,216	219,579
Securities	405,813	409,730
Assets purchased under reverse repurchase agreements and securities borrowed	347,871	340,191
Loans, net of applicable allowance
Loans, net	858,316	852,773
Other
Derivatives	105,038	142,450
Deposits
Personal	452,189	441,946
Business and government	743,772	745,075
Bank	45,207	44,666
Deposits	1,241,168	1,231,687
Other
Obligations related to securities sold short	35,012	33,651
Obligations related to assets sold under repurchase agreements and securities loaned	334,490	335,238
Derivatives	106,974	142,629
Subordinated debentures	11,525	11,386
Financial assets classified as FVTPL [member]
Securities
Trading	192,679	180,651
Securities	192,679	180,651
Assets purchased under reverse repurchase agreements and securities borrowed	292,204	285,869
Loans, net of applicable allowance
Retail	490	114
Wholesale	12,740	5,629
Loans, net	13,230	5,743
Other
Derivatives	105,038	142,450
Other assets	8,892	7,579
Financial assets designated as FVTPL [member]
Financial assets
Interest-bearing deposits with banks	51,812	60,856
Securities
Trading	918	9,500
Securities	918	9,500
Loans, net of applicable allowance
Retail		362
Wholesale	1,318	3,619
Loans, net	1,318	3,981
Other
Other assets	6	5
Financial assets classified as FVOCI [member]
Securities
Investment, net of applicable allowance	120,281	127,624
Securities	120,281	127,624
Loans, net of applicable allowance
Retail	390	280
Wholesale	952	597
Loans, net	1,342	877
Financial assets designated as FVOCI [member]
Securities
Investment, net of applicable allowance	1,239	842
Securities	1,239	842
Financial liabilities classified as FVTPL [member]
Deposits
Personal	241	109
Business and government	180	174
Deposits	421	283
Other
Obligations related to securities sold short	35,012	33,651
Derivatives	106,974	142,629
Other liabilities	(1,099)	(937)
Financial liabilities designated as FVTPL [member]
Deposits
Personal	28,089	26,702
Business and government	151,518	137,454
Bank	9,401	11,462
Deposits	189,008	175,618
Other
Obligations related to assets sold under repurchase agreements and securities loaned	300,662	298,679
Other liabilities	6	11
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	9,268	10,230
Securities
Investment, net of applicable allowance	85,727	83,667
Securities	85,727	83,667
Assets purchased under reverse repurchase agreements and securities borrowed	55,667	54,322
Loans, net of applicable allowance
Retail	550,375	542,480
Wholesale	271,120	268,843
Loans, net	821,495	811,323
Other
Other assets	59,389	68,450
Fair value of financial instruments not measured at fair value [member] | Financial liabilities measured at amortized cost [member]
Deposits
Personal	423,208	412,886
Business and government	592,014	605,260
Bank	35,807	33,160
Deposits	1,051,029	1,051,306
Other
Obligations related to assets sold under repurchase agreements and securities loaned	33,828	36,559
Other liabilities	84,356	92,441
Subordinated debentures	11,511	11,213
Financial assets at carrying amount [member]
Financial assets
Interest-bearing deposits with banks	61,080	71,086
Securities
Trading	193,597	190,151
Investment, net of applicable allowance	212,216	219,579
Securities	405,813	409,730
Assets purchased under reverse repurchase agreements and securities borrowed	347,871	340,191
Loans, net of applicable allowance
Retail	566,886	567,132
Wholesale	291,430	285,641
Loans, net	858,316	852,773
Other
Derivatives	105,038	142,450
Other assets	68,287	76,034
Financial assets at carrying amount [member] | Financial assets measured at amortized cost [member]
Financial assets
Interest-bearing deposits with banks	9,268	10,230
Securities
Investment, net of applicable allowance	90,696	91,113
Securities	90,696	91,113
Assets purchased under reverse repurchase agreements and securities borrowed	55,667	54,322
Loans, net of applicable allowance
Retail	566,006	566,376
Wholesale	276,420	275,796
Loans, net	842,426	842,172
Other
Other assets	59,389	68,450
Financial assets at fair value [member]
Financial assets
Interest-bearing deposits with banks	61,080	71,086
Securities
Trading	193,597	190,151
Investment, net of applicable allowance	207,247	212,133
Securities	400,844	402,284
Assets purchased under reverse repurchase agreements and securities borrowed	347,871	340,191
Loans, net of applicable allowance
Retail	551,255	543,236
Wholesale	286,130	278,688
Loans, net	837,385	821,924
Other
Derivatives	105,038	142,450
Other assets	68,287	76,034
Financial liabilities at carrying amount [member]
Deposits
Personal	452,189	441,946
Business and government	743,772	745,075
Bank	45,207	44,666
Deposits	1,241,168	1,231,687
Other
Obligations related to securities sold short	35,012	33,651
Obligations related to assets sold under repurchase agreements and securities loaned	334,490	335,238
Derivatives	106,974	142,629
Other liabilities	83,108	91,613
Subordinated debentures	11,525	11,386
Financial liabilities at carrying amount [member] | Financial liabilities measured at amortized cost [member]
Deposits
Personal	423,859	415,135
Business and government	592,074	607,447
Bank	35,806	33,204
Deposits	1,051,739	1,055,786
Other
Obligations related to assets sold under repurchase agreements and securities loaned	33,828	36,559
Other liabilities	84,201	92,539
Subordinated debentures	11,525	11,386
Financial liabilities at fair value [member]
Deposits
Personal	451,538	439,697
Business and government	743,712	742,888
Bank	45,208	44,622
Deposits	1,240,458	1,227,207
Other
Obligations related to securities sold short	35,012	33,651
Obligations related to assets sold under repurchase agreements and securities loaned	334,490	335,238
Derivatives	106,974	142,629
Other liabilities	83,263	91,515
Subordinated debentures	$ 11,511	$ 11,213

Fair value of financial instr_4

Fair value of financial instrument - Additional Information (Detail) - CAD ($) $ in Millions	3 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Disclosure of fair value measurement of assets and liabilities [line Items]
Transfers out of Level 1 to Level 2	$ 123
Transfers out of Level 2 to Level 1	0	$ 0
Transfers out of Level 2 to Level 3	$ 0	0
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

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	Jan. 31, 2024	Oct. 31, 2023	Jan. 31, 2023	Oct. 31, 2022
Financial assets
Interest-bearing deposits with banks	$ 61,080	$ 71,086
Trading
Trading securities	193,597	190,151
Investment
Assets purchased under reverse repurchase agreements and securities borrowed	347,871	340,191
Loans	858,316	852,773
Derivatives
Derivatives	105,038	142,450
Deposits
Personal	452,189	441,946
Business and government	743,772	745,075
Bank	45,207	44,666
Other
Obligations related to securities sold short	35,012	33,651
Obligations related to assets sold under repurchase agreements and securities loaned	334,490	335,238
Derivatives
Total derivatives	106,974	142,629
Netting adjustments [member]
Derivatives
Impact on Positive fair values (Derivative assets) of netting agreements that qualify for balance sheet offset	(716)	(1,544)
Financial assets	(716)	(1,544)
Derivatives
Impact on Negative fair values (Derivative liabilities) of netting agreements that qualify for balance sheet offset	(716)	(1,544)
Financial liabilities	(716)	(1,544)
Total gross fair value [member] | Level 1 [member]
Trading
Trading securities	83,872	89,805
Investment
Investment securities	3,440	3,044
Derivatives
Total gross derivatives, assets	2,478	2,352
Other assets	4,602	4,152
Financial assets	94,392	99,353
Other
Obligations related to securities sold short	13,343	14,391
Derivatives
Total gross derivatives, liabilities	3,411	3,119
Other liabilities	394	370
Financial liabilities	17,148	17,880
Total gross fair value [member] | Level 2 [member]
Financial assets
Interest-bearing deposits with banks	51,812	60,856
Trading
Trading securities	107,439	98,080
Investment
Investment securities	117,440	124,778
Assets purchased under reverse repurchase agreements and securities borrowed	292,204	285,869
Loans	14,075	8,742
Derivatives
Total gross derivatives, assets	102,892	141,233
Other assets	4,286	3,421
Financial assets	690,148	722,979
Deposits
Personal	27,901	26,428
Business and government	151,698	137,628
Bank	9,401	11,462
Other
Obligations related to securities sold short	21,669	19,260
Obligations related to assets sold under repurchase agreements and securities loaned	300,662	298,679
Derivatives
Total gross derivatives, liabilities	102,966	139,499
Other liabilities	(1,487)	(1,296)
Financial liabilities	612,810	631,660
Total gross fair value [member] | Level 3 [member]
Trading
Trading securities	2,286	2,266
Investment
Investment securities	640	644
Loans	1,815	1,859
Derivatives
Total gross derivatives, assets	384	409
Other assets	10	11
Financial assets	5,135	5,189
Deposits
Personal	429	383
Derivatives
Total gross derivatives, liabilities	1,313	1,555
Financial liabilities	1,742	1,938
Total gross fair value [member] | Canadian government debt - issued or guaranteed, Federal [member] | Level 1 [member]
Trading
Trading securities	19,907	26,675
Investment
Investment securities	313	2,731
Total gross fair value [member] | Canadian government debt - issued or guaranteed, Federal [member] | Level 2 [member]
Trading
Trading securities	3,320	2,581
Investment
Investment securities	3,730	3,528
Total gross fair value [member] | Canadian government debt - issued or guaranteed, Provincial and municipal [member] | Level 2 [member]
Trading
Trading securities	17,816	16,389
Investment
Investment securities	1,957	2,748
Total gross fair value [member] | U.S. federal state municipal and agencies debt issued or guaranteed [member] | Level 1 [member]
Trading
Trading securities	1,734	2,249
Investment
Investment securities	729	275
Total gross fair value [member] | U.S. federal state municipal and agencies debt issued or guaranteed [member] | Level 2 [member]
Trading
Trading securities	55,806	50,439
Investment
Investment securities	63,053	73,020
Total gross fair value [member] | Other OECD government debt - issued or guaranteed [member] | Level 1 [member]
Trading
Trading securities	2,047	2,055
Investment
Investment securities	2,029
Total gross fair value [member] | Other OECD government debt - issued or guaranteed [member] | Level 2 [member]
Trading
Trading securities	2,942	2,577
Investment
Investment securities	7,620	6,192
Total gross fair value [member] | Mortgage-backed securities [member] | Level 2 [member]
Trading
Trading securities	2	2
Investment
Investment securities	2,502	2,672
Total gross fair value [member] | Mortgage-backed securities [member] | Level 3 [member]
Investment
Investment securities	30	29
Total gross fair value [member] | Asset- backed securities, Non-CDO [member] | Level 2 [member]
Trading
Trading securities	1,205	1,245
Investment
Investment securities	410	441
Total gross fair value [member] | Corporate debt and other debt [member] | Level 2 [member]
Trading
Trading securities	24,175	22,615
Investment
Investment securities	29,994	27,574
Total gross fair value [member] | Corporate debt and other debt [member] | Level 3 [member]
Investment
Investment securities	148	149
Total gross fair value [member] | Equity securities [member] | Level 1 [member]
Trading
Trading securities	60,184	58,826
Investment
Investment securities	369	38
Total gross fair value [member] | Equity securities [member] | Level 2 [member]
Trading
Trading securities	2,173	2,232
Investment
Investment securities	408	338
Total gross fair value [member] | Equity securities [member] | Level 3 [member]
Trading
Trading securities	2,286	2,266
Investment
Investment securities	462	466
Total gross fair value [member] | Asset-backed securities, CDO [member] | Level 2 [member]
Investment
Investment securities	7,766	8,265
Total gross fair value [member] | Interest rate contracts [member] | Level 2 [member]
Derivatives
Total gross derivatives, assets	30,982	39,243
Total gross fair value [member] | Interest rate contracts [member] | Level 3 [member]
Derivatives
Total gross derivatives, assets	329	290
Total gross fair value [member] | Foreign exchange contracts [member] | Level 2 [member]
Derivatives
Total gross derivatives, assets	59,066	89,644
Total gross fair value [member] | Foreign exchange contracts [member] | Level 3 [member]
Derivatives
Total gross derivatives, assets	9	4
Total gross fair value [member] | Credit derivatives [member] | Level 2 [member]
Derivatives
Total gross derivatives, assets	160	224
Total gross fair value [member] | Other contracts [member] | Level 1 [member]
Derivatives
Total gross derivatives, assets	2,478	2,352
Total gross fair value [member] | Other contracts [member] | Level 2 [member]
Derivatives
Total gross derivatives, assets	14,187	13,927
Total gross fair value [member] | Other contracts [member] | Level 3 [member]
Derivatives
Total gross derivatives, assets	42	111
Total gross fair value [member] | Valuation adjustments [member] | Level 2 [member]
Derivatives
Total gross derivatives, assets	(1,503)	(1,805)
Total gross fair value [member] | Valuation adjustments [member] | Level 3 [member]
Derivatives
Total gross derivatives, assets	4	4
Total gross fair value [member] | Interest rate contracts [member] | Level 2 [member]
Derivatives
Total gross derivatives, liabilities	28,964	41,249
Total gross fair value [member] | Interest rate contracts [member] | Level 3 [member]
Derivatives
Total gross derivatives, liabilities	864	952
Total gross fair value [member] | Foreign exchange contracts [member] | Level 2 [member]
Derivatives
Total gross derivatives, liabilities	51,620	81,750
Total gross fair value [member] | Foreign exchange contracts [member] | Level 3 [member]
Derivatives
Total gross derivatives, liabilities	58	53
Total gross fair value [member] | Credit derivatives [member] | Level 2 [member]
Derivatives
Total gross derivatives, liabilities	166	176
Total gross fair value [member] | Other contracts [member] | Level 1 [member]
Derivatives
Total gross derivatives, liabilities	3,411	3,119
Total gross fair value [member] | Other contracts [member] | Level 2 [member]
Derivatives
Total gross derivatives, liabilities	22,894	17,306
Total gross fair value [member] | Other contracts [member] | Level 3 [member]
Derivatives
Total gross derivatives, liabilities	391	549
Total gross fair value [member] | Valuation adjustments [member] | Level 2 [member]
Derivatives
Total gross derivatives, liabilities	(678)	(982)
Total gross fair value [member] | Valuation adjustments [member] | Level 3 [member]
Derivatives
Total gross derivatives, liabilities		1
Recurring [member]
Financial assets
Interest-bearing deposits with banks	51,812	60,856
Trading
Trading securities	193,597	190,151
Investment
Investment securities	121,520	128,466
Assets purchased under reverse repurchase agreements and securities borrowed	292,204	285,869
Loans	15,890	10,601
Derivatives
Total gross derivatives, assets	105,754	143,994
Impact on Positive fair values (Derivative assets) of netting agreements that qualify for balance sheet offset	(716)	(1,544)
Derivatives	105,038	142,450
Other assets	8,898	7,584
Financial assets	788,959	825,977
Deposits
Personal	28,330	26,811
Business and government	151,698	137,628
Bank	9,401	11,462
Other
Obligations related to securities sold short	35,012	33,651
Obligations related to assets sold under repurchase agreements and securities loaned	300,662	298,679
Derivatives
Total gross derivatives, liabilities	107,690	144,173
Impact on Negative fair values (Derivative liabilities) of netting agreements that qualify for balance sheet offset	(716)	(1,544)
Total derivatives	106,974	142,629
Other liabilities	(1,093)	(926)
Financial liabilities	630,984	649,934
Recurring [member] | Level 3 [member]
Derivatives
Financial liabilities	(429)	(383)	$ (250)	$ (241)
Recurring [member] | Canadian government debt - issued or guaranteed, Federal [member]
Trading
Trading securities	23,227	29,256
Investment
Investment securities	4,043	6,259
Recurring [member] | Canadian government debt - issued or guaranteed, Provincial and municipal [member]
Trading
Trading securities	17,816	16,389
Investment
Investment securities	1,957	2,748
Recurring [member] | U.S. federal state municipal and agencies debt issued or guaranteed [member]
Trading
Trading securities	57,540	52,688
Investment
Investment securities	63,782	73,295
Recurring [member] | Other OECD government debt - issued or guaranteed [member]
Trading
Trading securities	4,989	4,632
Investment
Investment securities	9,649	6,192
Recurring [member] | Mortgage-backed securities [member]
Trading
Trading securities	2	2
Investment
Investment securities	2,532	2,701
Recurring [member] | Asset- backed securities, Non-CDO [member]
Trading
Trading securities	1,205	1,245
Investment
Investment securities	410	441
Recurring [member] | Corporate debt and other debt [member]
Trading
Trading securities	24,175	22,615
Investment
Investment securities	30,142	27,723
Recurring [member] | Equity securities [member]
Trading
Trading securities	64,643	63,324
Investment
Investment securities	1,239	842
Recurring [member] | Asset-backed securities, CDO [member]
Investment
Investment securities	7,766	8,265
Recurring [member] | Interest rate contracts [member]
Derivatives
Total gross derivatives, assets	31,311	39,533
Recurring [member] | Foreign exchange contracts [member]
Derivatives
Total gross derivatives, assets	59,075	89,648
Recurring [member] | Credit derivatives [member]
Derivatives
Total gross derivatives, assets	160	224
Recurring [member] | Other contracts [member]
Derivatives
Total gross derivatives, assets	16,707	16,390
Recurring [member] | Valuation adjustments [member]
Derivatives
Total gross derivatives, assets	(1,499)	(1,801)
Recurring [member] | Interest rate contracts [member]
Derivatives
Total gross derivatives, liabilities	29,828	42,201
Recurring [member] | Foreign exchange contracts [member]
Derivatives
Total gross derivatives, liabilities	51,678	81,803
Recurring [member] | Credit derivatives [member]
Derivatives
Total gross derivatives, liabilities	166	176
Recurring [member] | Other contracts [member]
Derivatives
Total gross derivatives, liabilities	26,696	20,974
Recurring [member] | Valuation adjustments [member]
Derivatives
Total gross derivatives, liabilities	$ (678)	$ (981)

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	Jan. 31, 2024	Oct. 31, 2023
Disclosure of Detailed Information about Financial Instruments [line Items]
Trading securities	$ 193,597	$ 190,151
Investment securities	212,216	219,579
Residential mortgage-backed securities [member]
Disclosure of Detailed Information about Financial Instruments [line Items]
Trading securities	13,307	14,345
Investment securities	26,826	24,365
Commercial mortgage-backed securities [member]
Disclosure of Detailed Information about Financial Instruments [line Items]
Trading securities	0	0
Investment securities	$ 2,454	$ 2,618

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
	Jan. 31, 2024	Jan. 31, 2023
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	$ 825,977
Fair value assets, ending balance	788,959
Fair value liabilities, beginning balance	649,934
Fair value liabilities, ending balance	630,984
Level 3 [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	3,634	$ 2,447
Gains (losses) included in earnings	(118)	(111)
Gains (losses) included in OCI	(29)	21
Purchases (issuances)	266	1,419
Settlement (sales) and other	(203)	86
Transfers into Level 3	48	56
Transfers out of Level 3	224	148
Fair value assets, ending balance	3,822	4,066
Gains (losses) included in earnings for positions still held	(41)	(57)
Fair value liabilities, beginning balance	(383)	(241)
Gains (losses) included in earnings	(47)	(20)
Gains (losses) included in OCI	3	1
Purchases (issuances)	(122)	(35)
Settlement (sales) and other	13	2
Transfers into Level 3	(1)	(34)
Transfers out of Level 3	108	77
Fair value liabilities, ending balance	(429)	(250)
Gains (losses) included in earnings for positions still held	(33)	(14)
Level 3 [member] | Investment [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	644	576
Gains (losses) included in OCI		23
Settlement (sales) and other	(4)	(2)
Fair value assets, ending balance	640	597
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	29	28
Gains (losses) included in OCI	1
Fair value assets, ending balance	30	28
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	149	151
Gains (losses) included in OCI	3	(1)
Settlement (sales) and other	(4)	(1)
Fair value assets, ending balance	148	149
Level 3 [member] | Equities [member] | Investment [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	466	397
Gains (losses) included in OCI	(4)	24
Settlement (sales) and other		(1)
Fair value assets, ending balance	462	420
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	(662)	(859)
Gains (losses) included in earnings	80	5
Gains (losses) included in OCI		5
Purchases (issuances)	12	(20)
Settlement (sales) and other	16	173
Transfers into Level 3	17	18
Transfers out of Level 3	2	24
Fair value assets, ending balance	(535)	(654)
Gains (losses) included in earnings for positions still held	84	8
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	(49)	(132)
Gains (losses) included in earnings	(11)	5
Gains (losses) included in OCI	1	8
Purchases (issuances)	5	4
Settlement (sales) and other	5	37
Transfers out of Level 3		15
Fair value assets, ending balance	(49)	(63)
Gains (losses) included in earnings for positions still held	(11)	8
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	(438)	(785)
Gains (losses) included in earnings	(123)	(55)
Gains (losses) included in OCI	14	17
Purchases (issuances)	(15)	(8)
Settlement (sales) and other	(2)	62
Transfers into Level 3	(7)	(31)
Transfers out of Level 3	222	253
Fair value assets, ending balance	(349)	(547)
Gains (losses) included in earnings for positions still held	(71)	(26)
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	3	53
Purchases (issuances)	1
Settlement (sales) and other		(36)
Fair value assets, ending balance	4	17
Level 3 [member] | Other assets [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	11	15
Settlement (sales) and other	(1)	(2)
Fair value assets, ending balance	10	13
Level 3 [member] | Loans [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	1,859	1,692
Gains (losses) included in earnings	(46)	(52)
Gains (losses) included in OCI	(8)	(7)
Purchases (issuances)	165	1,193
Settlement (sales) and other	(193)	(120)
Transfers into Level 3	38	28
Transfers out of Level 3		(137)
Fair value assets, ending balance	1,815	2,597
Gains (losses) included in earnings for positions still held	(44)	(15)
Level 3 [member] | Trading Securities [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	2,266	1,887
Gains (losses) included in earnings	(18)	(14)
Gains (losses) included in OCI	(36)	(25)
Purchases (issuances)	98	250
Settlement (sales) and other	(24)	(26)
Transfers into Level 3		41
Transfers out of Level 3		(7)
Fair value assets, ending balance	2,286	2,106
Gains (losses) included in earnings for positions still held	1	(32)
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		4
Settlement (sales) and other		(4)
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
Settlement (sales) and other		(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		7
Transfers out of Level 3		(7)
Level 3 [member] | Trading Securities [member] | Equities [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	2,266	1,874
Gains (losses) included in earnings	(18)	(14)
Gains (losses) included in OCI	(36)	(25)
Purchases (issuances)	98	250
Settlement (sales) and other	(24)	(20)
Transfers into Level 3		41
Fair value assets, ending balance	2,286	2,106
Gains (losses) included in earnings for positions still held	1	(32)
Level 3 [member] | Deposits - Personal [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value liabilities, beginning balance	(383)	(241)
Gains (losses) included in earnings	(47)	(20)
Gains (losses) included in OCI	3	1
Purchases (issuances)	(122)	(35)
Settlement (sales) and other	13	2
Transfers into Level 3	(1)	(34)
Transfers out of Level 3	108	77
Fair value liabilities, ending balance	(429)	(250)
Gains (losses) included in earnings for positions still held	$ (33)	$ (14)

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
	Jan. 31, 2024	Jan. 31, 2023	Oct. 31, 2023
Disclosure of fair value measurement of assets and liabilities [line Items]
Derivative assets	$ 105,038		$ 142,450
Derivative liabilities	106,974		142,629
Recurring [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Derivative assets	105,038		142,450
Derivative liabilities	106,974		$ 142,629
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	10	$ 18
Net derivative balances, category [Member] | Level 3 [member] | Recurring [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Derivative assets	384	336
Derivative liabilities	$ 1,313	$ 1,583

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
	Jan. 31, 2024	Jan. 31, 2023
Disclosure of detailed information about financial instruments [line items]
Interest income	$ 25,609	$ 19,337
Interest expense	19,277	13,135
Net interest income	6,332	6,202
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	9,474	6,709
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	1,608	942
Interest and dividend income [member] | Financial assets measured at amortized cost [member]
Disclosure of detailed information about financial instruments [line items]
Interest income	14,527	11,686
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	9,084	6,240
Interest expense [member] | Financial liabilities measured at amortized cost [member]
Disclosure of detailed information about financial instruments [line items]
Interest expense	$ 10,193	$ 6,895

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
	Jan. 31, 2024	Jan. 31, 2023
Disclosure of detailed information about financial instruments [line items]
Excludes interest and dividend income in Insurance investment result	$ 272	$ 143
Excludes interest expense in Insurance investment result	11	4
Dividend income	$ 957	$ 792

Securities - Summary of Unreali

Securities - Summary of Unrealized Gains and Losses on Securities at Fair Value through Other Comprehensive Income (Detail) - CAD ($) $ in Millions	Jan. 31, 2024	Oct. 31, 2023
Disclosure of financial assets [line items]
Cost/Amortized cost	$ 122,533	$ 131,312
Gross unrealized gains	958	753
Gross unrealized losses	(1,971)	(3,599)
Fair value	121,520	128,466
Canadian government debt - issued or guaranteed, Federal [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	4,058	6,609
Gross unrealized gains	3	1
Gross unrealized losses	(18)	(351)
Fair value	4,043	6,259
Canadian government debt - issued or guaranteed, Provincial and municipal [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	1,937	3,396
Gross unrealized gains	48	2
Gross unrealized losses	(28)	(650)
Fair value	1,957	2,748
U.S. federal, state, municipal and agencies debt - issued or guaranteed [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	65,178	75,326
Gross unrealized gains	367	343
Gross unrealized losses	(1,763)	(2,374)
Fair value	63,782	73,295
Other OECD government debt - issued or guaranteed [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	9,664	6,200
Gross unrealized gains	6	1
Gross unrealized losses	(21)	(9)
Fair value	9,649	6,192
Mortgage-backed securities [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	2,566	2,762
Gross unrealized gains	1
Gross unrealized losses	(35)	(61)
Fair value	2,532	2,701
Asset-backed securities, CDO [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	7,769	8,308
Gross unrealized gains	9	3
Gross unrealized losses	(12)	(46)
Fair value	7,766	8,265
Asset-backed securities, Non CDO [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	414	444
Gross unrealized gains		2
Gross unrealized losses	(4)	(5)
Fair value	410	441
Corporate debt and other debt [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	30,131	27,774
Gross unrealized gains	95	44
Gross unrealized losses	(84)	(95)
Fair value	30,142	27,723
Equities [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	816	493
Gross unrealized gains	429	357
Gross unrealized losses	(6)	(8)
Fair value	$ 1,239	$ 842

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	Jan. 31, 2024	Oct. 31, 2023
Disclosure of financial assets [line items]
Amortized cost	$ 122,533	$ 131,312
Allowance for credit losses on debt securities at FVOCI	(33)	(33)
Held-to-collect securities category [member]
Disclosure of financial assets [line items]
Amortized cost	$ 90,696	$ 91,113

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
	Jan. 31, 2024	Jan. 31, 2023
Disclosure of financial assets [line items]
Balance at beginning of period	$ (33)	$ (19)
Provision for credit losses
Purchases	3	2
Sales and maturities	(1)
Changes in risk, parameters and exposures	(4)	(3)
Exchange rate and other	2	1
Balance at end of period	(33)	(19)
Performing Stage one [member]
Disclosure of financial assets [line items]
Balance at beginning of period	4	3
Provision for credit losses
Purchases	3	2
Sales and maturities	(1)
Changes in risk, parameters and exposures	(2)	(1)
Balance at end of period	4	4
Performing Stage two [member]
Disclosure of financial assets [line items]
Balance at beginning of period		1
Provision for credit losses
Balance at end of period		1
Impaired Stage three [member]
Disclosure of financial assets [line items]
Balance at beginning of period	(37)	(23)
Provision for credit losses
Changes in risk, parameters and exposures	(2)	(2)
Exchange rate and other	2	1
Balance at end of period	$ (37)	$ (24)

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
	Jan. 31, 2024	Jan. 31, 2023
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 23	$ 22
Provision for credit losses
Purchases	3	4
Changes in risk, parameters and exposures	(2)	(3)
Exchange rate and other	(1)
Balance at end of period	23	23
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	8	8
Provision for credit losses
Purchases	3	4
Changes in risk, parameters and exposures	(2)	(2)
Balance at end of period	9	10
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	15	14
Provision for credit losses
Changes in risk, parameters and exposures		(1)
Exchange rate and other	(1)
Balance at end of period	$ 14	$ 13

Securities - Summary of Credit

Securities - Summary of Credit Risk Exposure by Internal Risk Rating (Detail) - CAD ($) $ in Millions	Jan. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Amortized cost	$ 122,533	$ 131,312
Securities measured at fair value through other comprehensive income [member]
Disclosure of credit risk exposure [line items]
Investment grade	119,285	126,733
Non-investment grade	848	742
Impaired	148	149
Carrying amount of securities measured at FVOCI subject to impairment	120,281	127,624
Items not subject to impairment	1,239	842
Carrying amount of securities measured at FVOCI	121,520	128,466
Securities measured at amortized cost [member]
Disclosure of credit risk exposure [line items]
Investment grade	89,598	89,947
Non-investment grade	1,121	1,189
Amount before allowance for credit losses	90,719	91,136
Allowance for credit losses	23	23
Amortized cost	90,696	91,113
Performing Stage one [member] | Securities measured at fair value through other comprehensive income [member]
Disclosure of credit risk exposure [line items]
Investment grade	119,277	126,732
Non-investment grade	848	742
Carrying amount of securities measured at FVOCI subject to impairment	120,125	127,474
Performing Stage one [member] | Securities measured at amortized cost [member]
Disclosure of credit risk exposure [line items]
Investment grade	89,598	89,947
Non-investment grade	941	990
Amount before allowance for credit losses	90,539	90,937
Allowance for credit losses	9	8
Amortized cost	90,530	90,929
Performing Stage two [member] | Securities measured at fair value through other comprehensive income [member]
Disclosure of credit risk exposure [line items]
Investment grade	8	1
Carrying amount of securities measured at FVOCI subject to impairment	8	1
Performing Stage two [member] | Securities measured at amortized cost [member]
Disclosure of credit risk exposure [line items]
Non-investment grade	180	199
Amount before allowance for credit losses	180	199
Allowance for credit losses	14	15
Amortized cost	166	184
Impaired Stage three [member] | Securities measured at fair value through other comprehensive income [member]
Disclosure of credit risk exposure [line items]
Impaired	148	149
Carrying amount of securities measured at FVOCI subject to impairment	$ 148	$ 149

Securities - Summary of Credi_2

Securities - Summary of Credit Risk Exposure by Internal Risk Rating (Parenthetical) (Detail) - CAD ($) $ in Millions	Jan. 31, 2024	Oct. 31, 2023
Purchased Credit Impaired [member]
Disclosure of credit risk exposure [line items]
Securities at Fair Value Through Other Comprehensive Income	$ 148	$ 149

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
	Jan. 31, 2024	Jan. 31, 2023
Customers' liability under acceptances [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 50	$ 45
Provision for credit losses	(7)	(4)
Balance at end of period	43	41
Allowance for credit losses [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	5,348	4,181
Provision for credit losses	818	530
Net write-offs	(454)	(216)
Exchange rate changes/other	(82)	(46)
Balance at end of period	5,630	4,449
Allowance for credit losses [member] | Allowance for Loan Losses [Member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	5,004	3,753
Balance at end of period	5,299	3,999
Allowance for credit losses [member] | Other Liabilities And Provisions [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	288	378
Balance at end of period	282	403
Allowance for credit losses [member] | Customers' liability under acceptances [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	50	45
Balance at end of period	43	41
Allowance for credit losses [member] | Other components of equity [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	6	5
Balance at end of period	6	6
Retail [member] | Residential mortgages [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	481	432
Provision for credit losses	74	51
Net write-offs	(1)	(5)
Exchange rate changes/other	(12)	(9)
Balance at end of period	542	469
Retail [member] | Personal [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	1,228	1,043
Provision for credit losses	202	169
Net write-offs	(139)	(83)
Exchange rate changes/other	(4)
Balance at end of period	1,287	1,129
Retail [member] | Credit cards [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	1,069	893
Provision for credit losses	183	136
Net write-offs	(150)	(102)
Exchange rate changes/other	(1)	(1)
Balance at end of period	1,101	926
Retail [member] | Small business [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	194	194
Provision for credit losses	37	17
Net write-offs	(15)	(9)
Exchange rate changes/other	(4)	2
Balance at end of period	212	204
Wholesale [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	2,326	1,574
Provision for credit losses	329	161
Net write-offs	(149)	(17)
Exchange rate changes/other	(61)	(38)
Balance at end of period	$ 2,445	$ 1,680

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
	Jan. 31, 2024	Jan. 31, 2023
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 481	$ 432
Provision for credit losses
Originations	19	30
Maturities	(8)	(6)
Changes in risk, parameters and exposures	63	27
Write-offs	(4)	(8)
Recoveries	3	3
Exchange rate and other	(12)	(9)
Balance at end of period	542	469
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	223	235
Provision for credit losses
Transfers to Stage 1	17	13
Transfers to Stage 2	(6)	(6)
Transfers to Stage 3	(1)
Originations	19	30
Maturities	(4)	(4)
Changes in risk, parameters and exposures	(1)	(13)
Exchange rate and other	(2)	(1)
Balance at end of period	245	254
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	90	65
Provision for credit losses
Transfers to Stage 1	(17)	(13)
Transfers to Stage 2	10	10
Transfers to Stage 3	(8)	(3)
Maturities	(4)	(2)
Changes in risk, parameters and exposures	40	25
Exchange rate and other	(1)
Balance at end of period	110	82
Impaired Stage three [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	168	132
Provision for credit losses
Transfers to Stage 1		0
Transfers to Stage 2	(4)	(4)
Transfers to Stage 3	9	3
Changes in risk, parameters and exposures	24	15
Write-offs	(4)	(8)
Recoveries	3	3
Exchange rate and other	(9)	(8)
Balance at end of period	$ 187	$ 133

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
	Jan. 31, 2024	Jan. 31, 2023
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 1,228	$ 1,043
Provision for credit losses
Originations	22	23
Maturities	(58)	(37)
Changes in risk, parameters and exposures	238	183
Write-offs	(169)	(112)
Recoveries	30	29
Exchange rate and other	(4)
Balance at end of period	1,287	1,129
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	280	285
Provision for credit losses
Transfers to Stage 1	125	150
Transfers to Stage 2	(19)	(23)
Transfers to Stage 3	(1)
Originations	22	23
Maturities	(12)	(12)
Changes in risk, parameters and exposures	(114)	(138)
Exchange rate and other	(1)	1
Balance at end of period	280	286
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	793	661
Provision for credit losses
Transfers to Stage 1	(125)	(150)
Transfers to Stage 2	20	23
Transfers to Stage 3	(28)	(13)
Maturities	(46)	(25)
Changes in risk, parameters and exposures	229	231
Exchange rate and other		(2)
Balance at end of period	843	725
Impaired Stage three [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	155	97
Provision for credit losses
Transfers to Stage 2	(1)
Transfers to Stage 3	29	13
Changes in risk, parameters and exposures	123	90
Write-offs	(169)	(112)
Recoveries	30	29
Exchange rate and other	(3)	1
Balance at end of period	$ 164	$ 118

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
	Jan. 31, 2024	Jan. 31, 2023
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 1,069	$ 893
Provision for credit losses
Originations	3	4
Maturities	(9)	(8)
Changes in risk, parameters and exposures	189	140
Write-offs	(259)	(142)
Recoveries	109	40
Exchange rate and other	(1)	(1)
Balance at end of period	1,101	926
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	203	177
Provision for credit losses
Transfers to Stage 1	137	164
Transfers to Stage 2	(28)	(20)
Transfers to Stage 3	(1)
Originations	3	4
Maturities	(1)	(1)
Changes in risk, parameters and exposures	(125)	(139)
Exchange rate and other		(1)
Balance at end of period	188	184
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	866	716
Provision for credit losses
Transfers to Stage 1	(137)	(164)
Transfers to Stage 2	28	20
Transfers to Stage 3	(108)	(94)
Maturities	(8)	(7)
Changes in risk, parameters and exposures	272	271
Balance at end of period	913	742
Impaired Stage three [member]
Provision for credit losses
Transfers to Stage 3	109	94
Changes in risk, parameters and exposures	42	8
Write-offs	(259)	(142)
Recoveries	109	$ 40
Exchange rate and other	$ (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
	Jan. 31, 2024	Jan. 31, 2023
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 194	$ 194
Provision for credit losses
Originations	9	8
Maturities	(8)	(10)
Changes in risk, parameters and exposures	36	19
Write-offs	(18)	(11)
Recoveries	3	2
Exchange rate and other	(4)	2
Balance at end of period	212	204
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	70	73
Provision for credit losses
Transfers to Stage 1	5	10
Transfers to Stage 2	(5)	(3)
Originations	9	8
Maturities	(3)	(4)
Changes in risk, parameters and exposures	(5)	(12)
Exchange rate and other	1	1
Balance at end of period	72	73
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	66	73
Provision for credit losses
Transfers to Stage 1	(5)	(10)
Transfers to Stage 2	5	3
Transfers to Stage 3	(2)	(2)
Maturities	(5)	(6)
Changes in risk, parameters and exposures	15	13
Exchange rate and other		2
Balance at end of period	74	73
Impaired Stage three [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	58	48
Provision for credit losses
Transfers to Stage 3	2	2
Changes in risk, parameters and exposures	26	18
Write-offs	(18)	(11)
Recoveries	3	2
Exchange rate and other	(5)	(1)
Balance at end of period	$ 66	$ 58

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
	Jan. 31, 2024	Jan. 31, 2023
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 2,326	$ 1,574
Provision for credit losses
Originations	124	153
Maturities	(184)	(189)
Changes in risk, parameters and exposures	389	197
Write-offs	(160)	(26)
Recoveries	11	9
Exchange rate and other	(61)	(38)
Balance at end of period	2,445	1,680
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	774	597
Provision for credit losses
Transfers to Stage 1	50	51
Transfers to Stage 2	(55)	(20)
Transfers to Stage 3	(3)	(3)
Originations	124	153
Maturities	(97)	(118)
Changes in risk, parameters and exposures	(101)	(55)
Exchange rate and other	17	(5)
Balance at end of period	709	600
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	785	585
Provision for credit losses
Transfers to Stage 1	(50)	(51)
Transfers to Stage 2	58	21
Transfers to Stage 3	(9)	(14)
Maturities	(87)	(71)
Changes in risk, parameters and exposures	173	150
Exchange rate and other	(17)	(8)
Balance at end of period	853	612
Impaired Stage three [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	767	392
Provision for credit losses
Transfers to Stage 2	(3)	(1)
Transfers to Stage 3	12	17
Changes in risk, parameters and exposures	317	102
Write-offs	(160)	(26)
Recoveries	11	9
Exchange rate and other	(61)	(25)
Balance at end of period	$ 883	$ 468

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	60 Months Ended	72 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2025	Dec. 31, 2024	Oct. 31, 2024	Mar. 31, 2029	Mar. 31, 2029	Oct. 31, 2029
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								43
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					76		81
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						67		67
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					92
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									71
Canadian unemployment rate [member] | Quarterly Average [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage		4.50%	6.60%	6.20%
US unemployment rate [member] | Quarterly Average [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage			3.90%
Canada GDP growth rate [member] | Above Q4 2023 levels [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage	1.40%
U.S. GDP growth rate [member] | Above Q4 2023 levels [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage	0.40%
Canadian housing price index [member] | Base Scenario [member] | Next Twelve Months [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage							1.60%
Canadian housing price index [member] | Base Scenario [member] | Next Two To Five Years [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage								5%		5%
Canadian housing price index growth rate [member] | Base Scenario [member] | Next Twelve Months [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage					1.40%
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	Jan. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 433,074	$ 434,025
Items not subject to impairment	490	476
Gross carrying amount of financial assets	433,564	434,501
Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	350,435	350,631
Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	20,689	20,736
High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	6,962	6,509
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	54,135	55,467
Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	853	682
Stage one loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	421,281	423,956
Stage one loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	347,982	349,001
Stage one loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	19,103	19,126
Stage one loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,463	1,582
Stage one loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	52,733	54,247
Stage two loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	10,940	9,387
Stage two loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,453	1,630
Stage two loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,586	1,610
Stage two loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	5,499	4,927
Stage two loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,402	1,220
Stage three loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	853	682
Stage three loan [member] | Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 853	$ 682

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	Jan. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 99,275	$ 98,734
Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	78,092	77,248
Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	8,657	8,502
High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,613	2,565
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	9,596	10,139
Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	317	280
Stage one loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	91,869	91,618
Stage one loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	76,351	75,572
Stage one loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	5,720	5,587
Stage one loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	468	477
Stage one loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	9,330	9,982
Stage two loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	7,089	6,836
Stage two loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,741	1,676
Stage two loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,937	2,915
Stage two loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,145	2,088
Stage two loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	266	157
Stage three loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	317	280
Stage three loan [member] | Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 317	$ 280

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	Jan. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 23,005	$ 23,035
Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	16,493	16,466
Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	3,843	3,903
High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,896	1,775
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	773	891
Stage one loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	18,826	18,999
Stage one loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	16,331	16,331
Stage one loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,709	1,771
Stage one loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	45	41
Stage one loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	741	856
Stage two loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	4,179	4,036
Stage two loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	162	135
Stage two loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,134	2,132
Stage two loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,851	1,734
Stage two loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 32	$ 35

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	Jan. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 14,050	$ 13,681
Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	9,623	9,561
Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	3,244	3,174
High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	907	691
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	8	11
Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	268	244
Stage one loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	11,129	10,989
Stage one loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	8,724	8,641
Stage one loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,275	2,238
Stage one loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	122	99
Stage one loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	8	11
Stage two loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,653	2,448
Stage two loan [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	899	920
Stage two loan [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	969	936
Stage two loan [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	785	592
Stage three loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	268	244
Stage three loan [member] | Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 268	$ 244

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	Jan. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 285,822	$ 286,090
Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	265,084	266,819
Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	12,037	11,057
High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,587	1,390
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	7,114	6,824
Stage one exposure [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	284,095	284,610
Stage one exposure [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	264,315	266,209
Stage one exposure [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	11,705	10,759
Stage one exposure [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,122	956
Stage one exposure [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	6,953	6,686
Stage two exposure [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,727	1,480
Stage two exposure [member] | Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	769	610
Stage two exposure [member] | Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	332	298
Stage two exposure [member] | High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	465	434
Stage two exposure [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 161	$ 138

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	Jan. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 279,663	$ 278,578
Items not subject to impairment	14,058	9,248
Gross carrying amount of financial assets	293,721	287,826
Investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	92,112	89,453
Non investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	173,916	175,421
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	10,875	11,206
Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,760	2,498
Stage one loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	252,199	256,216
Stage one loan [member] | Investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	91,756	89,037
Stage one loan [member] | Non investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	149,767	156,211
Stage one loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	10,676	10,968
Stage two loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	24,704	19,864
Stage two loan [member] | Investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	356	416
Stage two loan [member] | Non investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	24,149	19,210
Stage two loan [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	199	238
Stage three loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,760	2,498
Stage three loan [member] | Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 2,760	$ 2,498

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	Jan. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 461,496	$ 461,481
Investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	311,742	312,364
Non investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	144,313	144,941
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	5,441	4,176
Stage one exposure [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	446,846	447,348
Stage one exposure [member] | Investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	311,697	312,178
Stage one exposure [member] | Non investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	129,709	130,994
Stage one exposure [member] | Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	5,440	4,176
Stage two exposure [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	14,650	14,133
Stage two exposure [member] | Investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	45	186
Stage two exposure [member] | Non investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	14,604	$ 13,947
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	Jan. 31, 2024	Oct. 31, 2023
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	$ 3,434	$ 3,920
Retail [member]
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	2,157	2,048
Wholesale [member]
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	1,277	1,872
30 to 89 days [member]
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	3,153	3,663
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	1,933	1,840
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	1,220	1,823
90 Days and Greater [member]
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	281	257
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	224	208
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	$ 57	$ 49

Significant acquisition and d_2

Significant acquisition and disposition - Additional Information (Detail) - CAD ($) $ in Millions	Jan. 31, 2024	Oct. 31, 2023	Nov. 29, 2022
Statement [Line Items]
Assets	$ 1,974,405	$ 2,006,531
Liabilities	1,857,917	$ 1,891,384
Disposal groups classified as held for sale [member]
Statement [Line Items]
Assets	2,700
Liabilities	$ 2,700
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	Jan. 31, 2024	Oct. 31, 2023
Disclosure of deposits [line items]
Demand	$ 499,484	$ 510,726
Notice	77,005	77,439
Term	664,679	643,522
Total deposits	1,241,168	1,231,687
Deposits - Personal [member]
Disclosure of deposits [line items]
Demand	183,035	186,530
Notice	59,654	57,614
Term	209,500	197,802
Total deposits	452,189	441,946
Deposits - Business and government [member]
Disclosure of deposits [line items]
Demand	308,455	316,200
Notice	16,663	19,056
Term	418,654	409,819
Total deposits	743,772	745,075
Deposits - Bank [member]
Disclosure of deposits [line items]
Demand	7,994	7,996
Notice	688	769
Term	36,525	35,901
Total deposits	45,207	44,666
Deposits - Personal, Business and government, and Bank [member]
Disclosure of deposits [line items]
Demand	499,484	510,726
Notice	77,005	77,439
Term	664,679	643,522
Total deposits	1,241,168	1,231,687
Canada [member]
Disclosure of deposits [line items]
Total deposits	831,242	810,734
Canada [member] | Non-interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	128,063	132,994
Notice	6,187	6,107
Term	193	168
Total deposits	134,443	139,269
Canada [member] | Interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	300,806	302,746
Notice	14,502	14,641
Term	515,934	493,347
United States [member]
Disclosure of deposits [line items]
Total deposits	154,930	150,942
United States [member] | Non-interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	36,514	40,646
Total deposits	36,514	40,646
United States [member] | Interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	16,206	16,210
Notice	55,499	55,895
Term	83,225	78,837
Europe [member]
Disclosure of deposits [line items]
Total deposits	54,327	57,891
Europe [member] | Non-interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	11	17
Total deposits	11	17
Europe [member] | Interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	5,154	5,353
Notice	771	726
Term	48,402	51,812
Other International [member]
Disclosure of deposits [line items]
Total deposits	22,439	24,923
Other International [member] | Non-interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	7,262	7,265
Total deposits	7,262	7,265
Other International [member] | Interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	5,468	5,495
Notice	46	70
Term	$ 16,925	$ 19,358

Deposits - Summary of Deposit_2

Deposits - Summary of Deposit Liabilities (Parenthetical) (Detail) - CAD ($) $ in Millions	Jan. 31, 2024	Oct. 31, 2023
Disclosure of deposits [line items]
Total deposits	$ 1,241,168	$ 1,231,687
U.S. dollars [member]
Disclosure of deposits [line items]
Total deposits	453,000	445,000
British pounds [member]
Disclosure of deposits [line items]
Total deposits	34,000	34,000
Euro [member]
Disclosure of deposits [line items]
Total deposits	46,000	49,000
Other currencies [member]
Disclosure of deposits [line items]
Total deposits	$ 30,000	$ 32,000

Deposits - Summary of Contractu

Deposits - Summary of Contractual Maturities of Term Deposit Liabilities (Detail) - CAD ($) $ in Millions	Jan. 31, 2024	Oct. 31, 2023
Disclosure of deposits [line items]
Term deposit liabilities	$ 664,679	$ 643,522
Aggregate amount of term deposits in denominations of one hundred thousand dollars or more	602,000	586,000
Less than 3 months [member]
Disclosure of deposits [line items]
Term deposit liabilities	168,694	182,373
3 to 6 months [member]
Disclosure of deposits [line items]
Term deposit liabilities	100,797	69,868
6 to 12 months [member]
Disclosure of deposits [line items]
Term deposit liabilities	145,368	151,079
1 to 2 years [member]
Disclosure of deposits [line items]
Term deposit liabilities	76,110	76,232
2 to 3 years [member]
Disclosure of deposits [line items]
Term deposit liabilities	55,812	49,965
3 to 4 years [member]
Disclosure of deposits [line items]
Term deposit liabilities	39,359	36,774
4 to 5 years [member]
Disclosure of deposits [line items]
Term deposit liabilities	29,681	36,506
Over 5 years [member]
Disclosure of deposits [line items]
Term deposit liabilities	$ 48,858	$ 40,725

Insurance and reinsurance - Sum

Insurance and reinsurance - Summary of Insurance and Reinsurance Contracts by Measurement Components (Detail) - CAD ($) $ in Millions	Jan. 31, 2024	Oct. 31, 2023
Disclosure of reconciliation of changes in insurance contracts by components [line items]
Insurance contract assets	$ 764	$ 681
Insurance contract liabilities for segregated funds	(3,306)	(2,632)
Insurance contract liabilities excluding segregated funds	(18,036)	(16,394)
Insurance contract liabilities	(21,342)	(19,026)
Reinsurance contracts held assets	1,695	1,582
Reinsurance contracts held liabilities		(18)
Estimates of present value of future cash flows [member]
Disclosure of reconciliation of changes in insurance contracts by components [line items]
Insurance contract assets	1,952	1,790
Insurance contract liabilities for segregated funds	(3,236)	(2,553)
Insurance contract liabilities excluding segregated funds	(13,227)	(11,955)
Insurance contract liabilities	(16,463)	(14,508)
Reinsurance contracts held assets	360	327
Reinsurance contracts held liabilities		(42)
Risk adjustment for non-financial risk [member]
Disclosure of reconciliation of changes in insurance contracts by components [line items]
Insurance contract assets	(630)	(544)
Insurance contract liabilities for segregated funds	(16)	(15)
Insurance contract liabilities excluding segregated funds	(2,664)	(2,308)
Insurance contract liabilities	(2,680)	(2,323)
Reinsurance contracts held assets	555	469
Reinsurance contracts held liabilities		6
CSM [member]
Disclosure of reconciliation of changes in insurance contracts by components [line items]
Insurance contract assets	(558)	(565)
Insurance contract liabilities for segregated funds	(54)	(64)
Insurance contract liabilities excluding segregated funds	(2,145)	(2,131)
Insurance contract liabilities	(2,199)	(2,195)
Reinsurance contracts held assets	780	786
Reinsurance contracts held liabilities		18
CSM for insurance contracts, net of reinsurance contracts held	$ (1,977)	$ (1,956)

Insurance and reinsurance - S_2

Insurance and reinsurance - Summary of Composition of Insurance Service Result and Insurance Investment Result for Insurance Contracts Issued and Reinsurance Contracts Held (Detail) - CAD ($) $ in Millions	3 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Insurance service result [abstract]
Insurance revenue	$ 1,205	$ 1,104
Insurance service expense	(984)	(853)
Net income (expense) from reinsurance contracts held	(34)	(59)
Total	187	192
Insurance investment result
Net investment income	2,018	1,019
Insurance finance income (expense)	(1,976)	(1,134)
Reinsurance finance income (expense)	99	42
Total	141	(73)
Insurance service and insurance investment results	$ 328	$ 119

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
	Jan. 31, 2024	Jan. 31, 2023
Disclosure of pension and other post employment plan [Line Items]
Total pension and other post-employment benefit expense	$ 5,163	$ 4,850
Defined benefit pension plans [member] | Pension Expense [Member]
Disclosure of pension and other post employment plan [Line Items]
Current service costs	46	48
Net interest expense (income)	(38)	(40)
Administrative expense	4	3
Defined benefit pension expense	12	11
Defined contribution pension plans [Member] | Pension Expense [Member]
Disclosure of pension and other post employment plan [Line Items]
Defined contribution pension expense	106	85
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	118	96
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	8
Net interest expense (income)	20	19
Remeasurements of other long-term benefits	10	2
Defined benefit pension expense	38	29
Total pension and other post-employment benefit expense	$ 38	$ 29

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
	Jan. 31, 2024	Jan. 31, 2023
Defined benefit pension plans [member]
Actuarial (gains) losses:
Changes in financial assumptions	$ 1,271	$ 772
Return on plan assets (excluding interest based on discount rate)	(1,469)	(594)
Total remeasurements of employee benefit plans	(198)	178
Other post employment benefit [member]
Actuarial (gains) losses:
Changes in financial assumptions	120	75
Experience adjustments	1
Total remeasurements of employee benefit plans	$ 121	$ 75

Income taxes - Additional Infor

Income taxes - Additional Information (Detail)	Aug. 04, 2023
Additional details on Income taxes [line items]
Percentage of global minimum tax rate	15%

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
	Jan. 31, 2024	Jan. 31, 2023
Disclosure of classes of share capital [line items]
Issued in connection with share-based compensation plans	$ 8	$ 5
Common shares [member]
Disclosure of classes of share capital [line items]
Issued in connection with share-based compensation plans, shares	400	269
Issued in connection with dividend reinvestment plan, shares	6,135
Increase (decrease) in number of ordinary shares issued, shares	6,535	269
Issued in connection with share-based compensation plans	$ 38	$ 24
Issued in connection with dividend reinvestment plan	720
Increase (decrease) in equity	$ 758	$ 24

Significant capital and fundi_4

Significant capital and funding transactions - Additional Information (Detail) shares in Thousands, $ in Millions		3 Months Ended
	Jan. 25, 2024 CAD ($)	Jan. 31, 2024 CAD ($)	Jan. 25, 2024 $ / shares shares	Nov. 07, 2023 $ / shares shares
Disclosure Of Significant Capital And Funding Transactions [Line Items]
Proceeds from issue of preference shares | $		$ 744
Series C2 Depositary Shares [Member]
Disclosure Of Significant Capital And Funding Transactions [Line Items]
Number Of Shares Redeemed				615
Series C2 Preference Shares [Member]
Disclosure Of Significant Capital And Funding Transactions [Line Items]
Par value per share | $ / shares				$ 1,000
Number Of Shares Redeemed				15
Series BU Preference Shares [Member]
Disclosure Of Significant Capital And Funding Transactions [Line Items]
Number of shares issued			750
Par value per share | $ / shares			$ 1,000
Proceeds from issue of preference shares | $	$ 750
Percentage of semi annual cash dividend	7.408%
Percentage of premium	3.90%

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
	Jan. 31, 2024	Jan. 31, 2023
Basic earnings per share
Net income	$ 3,582	$ 3,133
Dividends on preferred shares and distributions on other equity instruments	(59)	(51)
Net income attributable to non-controlling interests	(2)	(2)
Net income available to common shareholders	$ 3,522	$ 3,087
Weighted average number of common shares (in thousands)	1,406,324	1,382,754
Basic earnings per share (in dollars)	$ 2.5	$ 2.23
Diluted earnings per share
Net income available to common shareholders	$ 3,522	$ 3,087
Weighted average number of common shares (in thousands)	1,406,324	1,382,754
Stock options	1,291	1,756
Issuable under other share-based compensation plans	26	26
Average number of diluted common shares (in thousands)	1,407,641	1,384,536
Diluted earnings per share (in dollars)	$ 2.5	$ 2.23
Equity attributable to shareholders [member]
Basic earnings per share
Net income	$ 3,580	$ 3,131
Dividends on preferred shares and distributions on other equity instruments	$ (58)	$ (44)

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
	Jan. 31, 2024	Jan. 31, 2023
Earnings per share [line items]
Outstanding options excluded from calculation of diluted earnings per share	2,216,903	591,472
Average exercise price	$ 130.78	$ 131.64

Results by Business Segment - D

Results by Business Segment - Detailed Report of Segments (Detail) - CAD ($) $ in Millions	3 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Oct. 31, 2023
Disclosure of operating segments [line items]
Net interest income	$ 6,332	$ 6,202
Non-interest income	7,153	7,155
Total revenue	13,485	13,357
Provision for credit losses	813	532
Non-interest expense	8,324	7,589
Income (loss) before income taxes	4,348	5,236
Income taxes (recoveries)	766	2,103
Net income	3,582	3,133
Non-interest expense includes:
Depreciation and amortization	672	677
Total assets	1,974,405		$ 2,006,531
Total liabilities	1,857,917		1,891,384
Operating segments [member] | Personal & Commercial Banking [member]
Disclosure of operating segments [line items]
Net interest income	4,216	4,007
Non-interest income	1,578	1,534
Total revenue	5,794	5,541
Provision for credit losses	634	401
Non-interest expense	2,339	2,229
Income (loss) before income taxes	2,821	2,911
Income taxes (recoveries)	760	785
Net income	2,061	2,126
Non-interest expense includes:
Depreciation and amortization	235	241
Total assets	640,193		636,046
Total liabilities	640,114		635,952
Operating segments [member] | Wealth Management [member]
Disclosure of operating segments [line items]
Net interest income	1,150	1,216
Non-interest income	3,387	3,344
Total revenue	4,537	4,560
Provision for credit losses	11	66
Non-interest expense	3,768	3,434
Income (loss) before income taxes	758	1,060
Income taxes (recoveries)	152	230
Net income	606	830
Non-interest expense includes:
Depreciation and amortization	311	301
Total assets	175,270		179,227
Total liabilities	174,043		177,389
Operating segments [member] | Insurance [member]
Disclosure of operating segments [line items]
Non-interest income	363	154
Total revenue	363	154
Provision for credit losses	1
Non-interest expense	71	70
Income (loss) before income taxes	291	84
Income taxes (recoveries)	71	17
Net income	220	67
Non-interest expense includes:
Depreciation and amortization	4	8
Total assets	26,956		24,130
Total liabilities	26,904		24,895
Operating segments [member] | Capital Markets [member]
Disclosure of operating segments [line items]
Net interest income	661	792
Non-interest income	2,290	2,354
Total revenue	2,951	3,146
Provision for credit losses	167	65
Non-interest expense	1,642	1,701
Income (loss) before income taxes	1,142	1,380
Income taxes (recoveries)	(12)	139
Net income	1,154	1,241
Non-interest expense includes:
Depreciation and amortization	124	127
Total assets	1,069,398		1,100,172
Total liabilities	1,069,685		1,099,893
Unallocated amounts [member]
Disclosure of operating segments [line items]
Net interest income	305	187
Non-interest income	(465)	(231)
Total revenue	(160)	(44)
Non-interest expense	504	155
Income (loss) before income taxes	(664)	(199)
Income taxes (recoveries)	(205)	932
Net income	(459)	$ (1,131)
Non-interest expense includes:
Depreciation and amortization	(2)
Total assets	62,588		66,956
Total liabilities	$ (52,829)		$ (46,745)

Capital management - Summary of

Capital management - Summary of Regulatory Capital and Capital Ratios (Detail) - CAD ($) $ in Millions	Jan. 31, 2024	Oct. 31, 2023
Capital
CET1 capital	$ 88,106	$ 86,611
Tier 1 capital	96,140	93,904
Total capital	106,865	104,952
Risk-weighted assets (RWA) used in calculation of capital ratios
Credit risk	474,677	475,842
Market risk	30,980	40,498
Operational risk	84,600	79,883
Total RWA	$ 590,257	$ 596,223
Capital ratios and Leverage ratio
CET1 ratio	14.90%	14.50%
Tier 1 capital ratio	16.30%	15.70%
Total capital ratio	18.10%	17.60%
Leverage ratio	4.40%	4.30%
Leverage ratio exposure (billions)	$ 2,173,000	$ 2,180,000
TLAC available and ratios
TLAC available	$ 185,556	$ 184,916
TLAC ratio	31.40%	31%
TLAC leverage ratio	8.50%	8.50%