Royal Bank of Canada (RY) 6-K28 Aug 242024 Q3 Current report (foreign)Financial data

Company Profile

Cover Page

Cover Page	9 Months Ended
Cover Page	Jul. 31, 2024
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jul. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Registrant Name	Royal Bank of Canada
Entity Central Index Key	0001000275
Current Fiscal Year End Date	--10-31

Interim Condensed Consolidated

Interim Condensed Consolidated Balance Sheets (unaudited) - CAD ($) $ in Millions		Jul. 31, 2024	Oct. 31, 2023
Assets
Cash and due from banks	[1]	$ 55,230	$ 61,989
Interest-bearing deposits with banks		57,409	71,086
Securities
Trading		180,441	190,151
Investment, net of applicable allowance (Note 4)		250,744	219,579
Securities		431,185	409,730
Assets purchased under reverse repurchase agreements and securities borrowed		325,401	340,191
Loans (Note 5)
Retail		619,452	569,951
Wholesale		358,143	287,826
Loans		977,595	857,777
Allowance for loan losses (Note 5)		(5,798)	(5,004)
Loans, net		971,797	852,773
Other
Customers' liability under acceptances		677	21,695
Derivatives		115,659	142,450
Premises and equipment		6,943	6,749
Goodwill		19,125	12,594
Other intangibles		8,032	5,903
Other assets		84,649	81,371
Total other assets		235,085	270,762
Total assets		2,076,107	2,006,531
Deposits (Note 7)
Personal		510,542	441,946
Business and government		809,380	745,075
Bank		41,343	44,666
Total deposits		1,361,265	1,231,687
Other
Acceptances		708	21,745
Obligations related to securities sold short		33,972	33,651
Obligations related to assets sold under repurchase agreements and securities loaned		304,373	335,238
Derivatives		126,884	142,629
Insurance contract liabilities (Note 8)		21,153	19,026
Other liabilities		89,823	96,022
Total other liabilities		576,913	648,311
Subordinated debentures (Note 11)		13,437	11,386
Total liabilities		1,951,615	1,891,384
Equity attributable to shareholders
Retained earnings		86,065	81,715
Other components of equity		8,048	6,852
Total equity attributable to shareholders		124,391	115,048
Non-controlling interests		101	99
Total equity		124,492	115,147
Total liabilities and equity		2,076,107	2,006,531
Preferred shares and other equity instruments [member]
Equity attributable to shareholders
Issued capital (Note 11)		9,492	7,314
Common shares [member]
Equity attributable to shareholders
Issued capital (Note 11)		$ 20,786	$ 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 July 31, 2024 (April 30, 2024 – $2 billion; October 31, 2023 – $3 billion; July 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		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Interest and dividend income (Note 3)
Loans	$ 14,433	$ 11,219	$ 39,635	$ 31,600
Securities	4,482	3,751	13,230	9,932
Assets purchased under reverse repurchase agreements and securities borrowed	6,632	6,063	20,864	15,736
Deposits and other	1,543	1,801	4,724	5,221
Interest and dividend income	27,090	22,834	78,453	62,489
Interest expense (Note 3)
Deposits and other	12,432	9,775	35,225	26,203
Other liabilities	7,124	6,599	22,364	17,218
Subordinated debentures	207	174	582	481
Interest expense	19,763	16,548	58,171	43,902
Net interest income	7,327	6,286	20,282	18,587
Non-interest income
Insurance service result (Note 8)	214	149	604	566
Insurance investment result (Note 8)	28	151	228	92
Trading revenue	507	485	1,944	1,984
Investment management and custodial fees	2,382	2,099	6,824	6,238
Mutual fund revenue	1,151	1,034	3,248	3,049
Securities brokerage commissions	413	362	1,232	1,100
Service charges	587	529	1,698	1,551
Underwriting and other advisory fees	676	472	2,016	1,442
Foreign exchange revenue, other than trading	292	289	841	1,044
Card service revenue	324	334	941	938
Credit fees	405	342	1,234	1,078
Net gains on investment securities	28	27	157	191
Income (loss) from joint ventures and associates	(57)	(37)	(27)	4
Other	354	455	1,048	915
Non-interest income	7,304	6,691	21,988	20,192
Total revenue	14,631	12,977	42,270	38,779
Provision for credit losses (Notes 4 and 5)	659	616	2,392	1,748
Non-interest expense
Human resources (Note 9)	5,406	4,764	15,660	14,187
Equipment	629	611	1,863	1,769
Occupancy	443	409	1,291	1,218
Communications	342	321	1,021	917
Professional fees	547	591	1,868	1,479
Amortization of other intangibles	426	369	1,151	1,114
Other	806	700	2,377	2,070
Non-interest expense	8,599	7,765	25,231	22,754
Income before income taxes	5,373	4,596	14,647	14,277
Income taxes	887	736	2,629	3,604
Net income	4,486	3,860	12,018	10,673
Net income attributable to:
Shareholders	4,483	3,858	12,011	10,668
Non-controlling interests	3	2	7	5
Net income	$ 4,486	$ 3,860	$ 12,018	$ 10,673
Basic earnings per share (in dollars) (Note 12)	$ 3.09	$ 2.73	$ 8.35	$ 7.56
Diluted earnings per share (in dollars) (Note 12)	3.09	2.73	8.34	7.55
Dividends per common share (in dollars)	$ 1.42	$ 1.35	$ 4.18	$ 3.99

Interim Condensed Consolidate_3

Interim Condensed Consolidated Statements of Comprehensive Income (unaudited) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Statement of comprehensive income [abstract]
Net income	$ 4,486	$ 3,860	$ 12,018	$ 10,673
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	243	(85)	1,113	527
Provision for credit losses recognized in income		(3)		(3)
Reclassification of net losses (gains) on debt securities and loans at fair value through other comprehensive income to income	(22)	(21)	(114)	(134)
Net change in unrealized gains (losses) on debt securities and loans at fair value through other comprehensive income	221	(109)	999	390
Foreign currency translation adjustments
Unrealized foreign currency translation gains (losses)	548	(1,878)	228	(1,296)
Net foreign currency translation gains (losses) from hedging activities	(253)	722	(158)	175
Reclassification of losses (gains) on foreign currency translation to income		(160)		(160)
Reclassification of losses (gains) on net investment hedging activities to income		146	1	146
Foreign currency translation adjustments	295	(1,170)	71	(1,135)
Net change in cash flow hedges
Net gains (losses) on derivatives designated as cash flow hedges	359	10	50	(581)
Reclassification of losses (gains) on derivatives designated as cash flow hedges to income	(271)	(7)	(580)	79
Net change in cash flow hedges	88	3	(530)	(502)
Items that will not be reclassified subsequently to income:
Remeasurement gains (losses) on employee benefit plans (Note 9)	37	147	183	(212)
Net gains (losses) from fair value changes due to credit risk on financial liabilities designated at fair value through profit or loss	(47)	(388)	(1,061)	(875)
Net gains (losses) on equity securities designated at fair value through other comprehensive income	2		76	18
Total items that will not be reclassified subsequently to income	(8)	(241)	(802)	(1,069)
Total other comprehensive income (loss), net of taxes	596	(1,517)	(262)	(2,316)
Total comprehensive income (loss)	5,082	2,343	11,756	8,357
Total comprehensive income attributable to:
Shareholders	5,079	2,344	11,749	8,355
Non-controlling interests	3	(1)	7	2
Total comprehensive income (loss)	5,082	2,343	11,756	8,357
Income taxes on other comprehensive income
Net unrealized gains (losses) on debt securities and loans at fair value through other comprehensive income	6	(71)	302	120
Provision for credit losses recognized in income	(3)	(1)	(3)
Reclassification of net losses (gains) on debt securities and loans at fair value through other comprehensive income to income	(3)	(8)	(31)	(38)
Unrealized foreign currency translation gains (losses)	(1)	(1)	(11)
Net foreign currency translation gains (losses) from hedging activities	(96)	267	(63)	203
Reclassification of losses (gains) on net investment hedging activities to income		45		45
Net gains (losses) on derivatives designated as cash flow hedges	117	10	(8)	(130)
Reclassification of losses (gains) on derivatives designated as cash flow hedges to income	(102)	(2)	(217)	32
Remeasurement gains (losses) on employee benefit plans	19	55	71	(17)
Net gains (losses) from fair value changes due to credit risk on financial liabilities designated at fair value through profit or loss	(18)	(150)	(408)	(337)
Net gains (losses) on equity securities designated at fair value through other comprehensive income	1	(1)	28	14
Total income tax expenses (recoveries)	$ (80)	$ 143	$ (340)	$ (108)

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	1,353			1,352			1		1,353
Sales of treasury shares and other equity instruments	3,421				461	2,960			3,421
Purchases of treasury shares and other equity instruments	(3,233)				(449)	(2,784)			(3,233)
Share-based compensation awards	4	$ 61					4		4
Dividends on common shares	(5,550)						(5,550)		(5,550)
Dividends on preferred shares and distributions on other equity instruments	(187)						(169)		(169)	(18)
Other	27						27		27
Net income	10,673						10,668		10,668	5
Total other comprehensive income (loss), net of taxes	(2,316)						(1,069)	(1,244)	(2,313)	(3)	390	(1,132)	(502)
Restated balance at end of period at Jul. 31, 2023	110,008		7,323	18,670	7	(158)	79,590	4,481	109,913	95	(1,967)	4,556	1,892
Restated balance at beginning of period at Apr. 30, 2023	108,945		7,323	17,984	(4)	(127)	77,917	5,754	108,847	98	(1,858)	5,723	1,889
Changes in equity
Issues of share capital and other equity instruments	686			686					686
Sales of treasury shares and other equity instruments	955				72	883			955
Purchases of treasury shares and other equity instruments	(975)				(61)	(914)			(975)
Share-based compensation awards		16
Dividends on common shares	(1,885)						(1,885)		(1,885)
Dividends on preferred shares and distributions on other equity instruments	(60)						(58)		(58)	(2)
Other	(1)						(1)		(1)
Net income	3,860						3,858		3,858	2
Total other comprehensive income (loss), net of taxes	(1,517)						(241)	(1,273)	(1,514)	(3)	(109)	(1,167)	3
Restated balance at end of period at Jul. 31, 2023	110,008		7,323	18,670	7	(158)	79,590	4,481	109,913	95	(1,967)	4,556	1,892
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	4,288		2,720	1,586			(18)		4,288
Common shares purchased for cancellation	(73)	(7)		(7)			(66)		(73)
Redemption of preferred shares and other equity instruments	(521)		(523)				2		(521)
Sales of treasury shares and other equity instruments	5,015				1,067	3,948			5,015
Purchases of treasury shares and other equity instruments	(4,994)				(1,086)	(3,908)			(4,994)
Share-based compensation awards	6	126					6		6
Dividends on common shares	(5,906)						(5,906)		(5,906)
Dividends on preferred shares and distributions on other equity instruments	(236)						(231)		(231)	(5)
Other	10						10		10
Net income	12,018						12,011		12,011	7
Total other comprehensive income (loss), net of taxes	(262)						(802)	540	(262)		999	71	(530)
Restated balance at end of period at Jul. 31, 2024	124,492		9,520	20,977	(28)	(191)	86,065	8,048	124,391	101	(861)	6,683	2,226
Restated balance at beginning of period at Apr. 30, 2024	121,604		9,420	20,918	19	(71)	83,774	7,444	121,504	100	(1,082)	6,388	2,138
Changes in equity
Issues of share capital and other equity instruments	662		600	66			(4)		662
Common shares purchased for cancellation	(73)	(7)		(7)			(66)		(73)
Redemption of preferred shares and other equity instruments	(500)		(500)						(500)
Sales of treasury shares and other equity instruments	2,159				550	1,609			2,159
Purchases of treasury shares and other equity instruments	(2,326)				(597)	(1,729)			(2,326)
Share-based compensation awards	(2)	$ 66					(2)		(2)
Dividends on common shares	(2,009)						(2,009)		(2,009)
Dividends on preferred shares and distributions on other equity instruments	(108)						(106)		(106)	(2)
Other	3						3		3
Net income	4,486						4,483		4,483	3
Total other comprehensive income (loss), net of taxes	596						(8)	604	596		221	295	88
Restated balance at end of period at Jul. 31, 2024	$ 124,492		$ 9,520	$ 20,977	$ (28)	$ (191)	$ 86,065	$ 8,048	$ 124,391	$ 101	$ (861)	$ 6,683	$ 2,226

Interim Condensed Consolidate_5

Interim Condensed Consolidated Statements of Cash Flows (unaudited) - CAD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Cash flows from operating activities
Net income		$ 4,486	$ 3,860	$ 12,018	$ 10,673
Adjustments for non-cash items and others
Provision for credit losses		659	616	2,392	1,748
Depreciation		333	324	991	952
Deferred income taxes		(776)	166	(1,628)	(191)
Amortization and impairment of other intangibles		430	383	1,169	1,151
Net changes in investments in joint ventures and associates		57	37	27	(3)
Losses (Gains) on investment securities		(28)	(27)	(157)	(191)
Losses (Gains) on disposition of businesses		34	(92)	29	(92)
Adjustments for net changes in operating assets and liabilities
Insurance contract liabilities		(46)	532	2,127	1,958
Net change in accrued interest receivable and payable		(832)	(167)	757	1,786
Current income taxes		780	(749)	665	(180)
Derivative assets		14,540	8,235	30,156	38,362
Derivative liabilities		(9,684)	(6,654)	(19,286)	(35,837)
Trading securities		(6,875)	(40,396)	11,745	(28,398)
Loans, net of securitizations		(11,341)	(4,690)	(45,057)	(17,120)
Assets purchased under reverse repurchase agreements and securities borrowed		(23,604)	(11,912)	15,234	(29,306)
Obligations related to assets sold under repurchase agreements and securities loaned		24,652	42,907	(36,529)	60,518
Obligations related to securities sold short		2,485	605	(587)	1,142
Deposits, net of securitizations		33,662	5,618	43,352	27,974
Brokers and dealers receivable and payable		(865)	1,127	(857)	(1,877)
Other		(4,848)	9,313	(10,588)	4,132
Net cash from (used in) operating activities		23,219	9,036	5,973	37,201
Cash flows from investing activities
Change in interest-bearing deposits with banks		(18,950)	(5,770)	13,677	2,179
Proceeds from sales and maturities of investment securities		38,794	39,464	147,325	116,661
Purchases of investment securities		(46,838)	(56,943)	(154,558)	(145,776)
Net acquisitions of premises and equipment and other intangibles		(717)	(557)	(1,609)	(1,961)
Net proceeds from (cash transferred for) dispositions		5	1,712	15	1,712
Cash used in acquisitions, net of cash acquired				(12,716)
Net cash from (used in) investing activities		(27,706)	(22,094)	(7,866)	(27,185)
Cash flows from financing activities
Issuance of subordinated debentures		1,250		3,250	1,500
Repayment of subordinated debentures		(1,500)	(110)	(1,500)	(170)
Issue of common shares, net of issuance costs		63	16	119	58
Common shares purchased for cancellation		(73)		(73)
Issue of preferred shares and other equity instruments, net of issuance costs		596		2,702
Redemption of preferred shares and other equity instruments		(500)		(521)
Sales of treasury shares and other equity instruments		2,159	955	5,015	3,421
Purchases of treasury shares and other equity instruments		(2,326)	(975)	(4,994)	(3,233)
Dividends paid on shares and distributions paid on other equity instruments		(2,020)	(1,234)	(4,522)	(4,327)
Dividends/distributions paid to non-controlling interests		(2)	(2)	(5)	(18)
Change in short-term borrowings of subsidiaries		(688)	(2,758)	(4,507)	(376)
Repayment of lease liabilities		135	(167)	(175)	(496)
Net cash from (used in) financing activities		(2,906)	(4,275)	(5,211)	(3,641)
Effect of exchange rate changes on cash and due from banks		1,250	(1,508)	345	1,586
Net change in cash and due from banks		(6,143)	(18,841)	(6,759)	7,961
Cash and due from banks at beginning of period	[1]	61,373	99,199	61,989	72,397
Cash and due from banks at end of period	[1]	55,230	80,358	55,230	80,358
Cash flows from operating activities include:
Amount of interest paid		20,372	16,014	56,080	39,041
Amount of interest received		26,499	21,557	76,379	58,239
Amount of dividends received		815	921	2,671	2,542
Amount of income taxes paid		$ 767	$ 1,470	$ 2,843	$ 3,878

[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 July 31, 2024 (April 30, 2024 – $2 billion; October 31, 2023 – $3 billion; July 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	Jul. 31, 2024	Apr. 30, 2024	Oct. 31, 2023	Jul. 31, 2023	Oct. 31, 2022
Statement of cash flows [abstract]
Mandatory reserve deposits at central banks	$ 2	$ 2	$ 3	$ 2	$ 2

General information

General information	9 Months Ended
General information	Jul. 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	9 Months Ended
	Jul. 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 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 income – Insurance service result immediately. For reinsurance contracts held, the CSM represents the net cost or net gain of purchasing reinsurance. The CSM for insurance and reinsurance contacts are released into income based on coverage units, which represent the quantity of service (insurance coverage as well as investment-return and investment-related services) provided by a group of contracts and are determined by considering the quantity of benefits provided under each contract and the expected coverage duration. Under the GMM, the CSM is adjusted for interest accretion using the discount rates that were locked-in at initial recognition of the groups or the discount rates that were locked-in at the transition date for groups where the fair value approach was applied. Under the VFA, the CSM is adjusted for changes in the amount of our share of the fair value of the underlying items, while the changes to the fair value of the underlying items, reflecting changes in the obligation to pay the policyholder, are recognized in Non-interest income – Insurance investment result. 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 s • 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, 2022 was $1.8 billion. 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 contract 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. Future changes in accounting policies and disclosures IFRS 18 Presentation and Disclosure in Financial Statements (IFRS 18) In April 2024, the IASB issued IFRS 18 which sets out requirements for the presentation and disclosure of information in the financial statements. IFRS 18 will replace IAS 1 Presentation of Financial Statements Amendments to the Classification and Measurement of Financial Instruments In May 2024, the IASB issued Amendments to the Classification and Measurement of Financial Instruments Financial Instruments Financial Instruments: Disclosures Updates related to interest rate benchmark reform As part of the interest rate benchmark reform, the publication of all remaining Canadian Dollar Offered Rate (CDOR) settings ceased on June 28, 2024 and relatedly, we have ceased Bankers’ Acceptance-based lending. As at July 31, 2024, and consistent with our transition plan, our exposure to financial instruments referencing CDOR and interest rates substantially similar to CDOR are no longer material to our Condensed Financial Statements.

Fair value of financial instrum

Fair value of financial instruments	9 Months Ended
Fair value of financial instruments	Jul. 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), and financial instruments measured at amortized cost. 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 July 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 $ – $ 48,443 $ – $ – $ 8,966 $ 8,966 $ 57,409 $ 57,409 Securities Trading 179,354 1,087 – – – – 180,441 180,441 Investment, net of applicable allowance – – 150,499 1,178 99,067 95,027 250,744 246,704 179,354 1,087 150,499 1,178 99,067 95,027 431,185 427,145 Assets purchased under reverse repurchase agreements and securities borrowed 264,532 – – – 60,869 60,869 325,401 325,401 Loans, net of applicable allowance Retail 638 – 540 – 615,043 608,916 616,221 610,094 Wholesale 8,908 2,312 991 – 343,365 338,324 355,576 350,535 9,546 2,312 1,531 – 958,408 947,240 971,797 960,629 Other Derivatives 115,659 – – – – – 115,659 115,659 Other assets (1) 9,627 9 – – 47,889 47,889 57,525 57,525 Financial liabilities Deposits Personal $ 356 $ 31,607 $ 478,579 $ 478,843 $ 510,542 $ 510,806 Business and government (2) 174 148,652 660,554 661,586 809,380 810,412 Bank (3) – 9,320 32,023 32,028 41,343 41,348 530 189,579 1,171,156 1,172,457 1,361,265 1,362,566 Other Obligations related to securities sold short 33,972 – – – 33,972 33,972 Obligations related to assets sold under repurchase agreements and securities loaned – 266,457 37,916 37,916 304,373 304,373 Derivatives 126,884 – – – 126,884 126,884 Other liabilities (4) (1,275 ) 2 66,515 66,781 65,242 65,508 Subordinated debentures – – 13,437 13,469 13,437 13,469 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 securities borrowed 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 hiera rch As at July 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 $ – $ 48,443 $ – $ $ 48,443 $ – $ 60,856 $ – $ $ 60,856 Securities Trading Debt issued or guaranteed by: Canadian government (1) Federal 22,324 1,816 – 24,140 26,675 2,581 – 29,256 Provincial and municipal – 14,395 – 14,395 – 16,389 – 16,389 U.S. federal, state, municipal and agencies (1), (2) 255 32,359 – 32,614 2,249 50,439 – 52,688 Other OECD government (3) 2,502 2,532 – 5,034 2,055 2,577 – 4,632 Mortgage-backed securities (1) – 2 – 2 – 2 – 2 Asset-backed securities – 1,399 – 1,399 – 1,245 – 1,245 Corporate debt and other debt – 24,295 – 24,295 – 22,615 – 22,615 Equities 73,848 2,278 2,436 78,562 58,826 2,232 2,266 63,324 98,929 79,076 2,436 180,441 89,805 98,080 2,266 190,151 Investment Debt issued or guaranteed by: Canadian government (1) Federal 6,664 8,064 – 14,728 2,731 3,528 – 6,259 Provincial and municipal – 5,207 – 5,207 – 2,748 – 2,748 U.S. federal, state, municipal and agencies (1) – 79,096 – 79,096 275 73,020 – 73,295 Other OECD government 3,351 6,884 – 10,235 – 6,192 – 6,192 Mortgage-backed securities (1) – 2,460 29 2,489 – 2,672 29 2,701 Asset-backed securities – 9,440 – 9,440 – 8,706 – 8,706 Corporate debt and other debt – 29,158 146 29,304 – 27,574 149 27,723 Equities 389 305 484 1,178 38 338 466 842 10,404 140,614 659 151,677 3,044 124,778 644 128,466 Assets purchased under reverse repurchase agreements and securities borrowed – 264,532 – 264,532 – 285,869 – 285,869 Loans – 11,575 1,814 13,389 – 8,742 1,859 10,601 Other Derivatives Interest rate contracts – 29,458 370 29,828 – 39,243 290 39,533 Foreign exchange contracts – 64,242 1 64,243 – 89,644 4 89,648 Credit derivatives – 217 – 217 – 224 – 224 Other contracts 3,344 20,123 28 23,495 2,352 13,927 111 16,390 Valuation adjustments – (934 ) 2 (932 ) – (1,805 ) 4 (1,801 ) Total gross derivatives 3,344 113,106 401 116,851 2,352 141,233 409 143,994 Netting adjustments (1,192 ) (1,192 ) (1,544 ) (1,544 ) Total derivatives 115,659 142,450 Other assets 5,010 4,618 8 9,636 4,152 3,421 11 7,584 $ 117,687 $ 661,964 $ 5,318 $ (1,192 ) $ 783,777 $ 99,353 $ 722,979 $ 5,189 $ (1,544 ) $ 825,977 Financial liabilities Deposits Personal $ – $ 31,355 $ 608 $ $ 31,963 $ – $ 26,428 $ 383 $ $ 26,811 Business and government – 148,826 – 148,826 – 137,628 – 137,628 Bank – 9,320 – 9,320 – 11,462 – 11,462 Other Obligations related to securities sold short 14,892 19,080 – 33,972 14,391 19,260 – 33,651 Obligations related to assets sold under repurchase agreements and securities loaned – 266,457 – 266,457 – 298,679 – 298,679 Derivatives Interest rate contracts – 26,245 918 27,163 – 41,249 952 42,201 Foreign exchange contracts – 60,103 47 60,150 – 81,750 53 81,803 Credit derivatives – 239 – 239 – 176 – 176 Other contracts 4,357 35,907 424 40,688 3,119 17,306 549 20,974 Valuation adjustments – (156 ) (8 ) (164 ) – (982 ) 1 (981 ) Total gross derivatives 4,357 122,338 1,381 128,076 3,119 139,499 1,555 144,173 Netting adjustments (1,192 ) (1,192 ) (1,544 ) (1,544 ) Total derivatives 126,884 142,629 Other liabilities 261 (1,534 ) – (1,273 ) 370 (1,296 ) – (926 ) $ 19,510 $ 595,842 $ 1,989 $ (1,192 ) $ 616,149 $ 17,880 $ 631,660 $ 1,938 $ (1,544 ) $ 649,934 (1) As at July 31, 2024, residential and commercial mortgage-backed securities (MBS) included in all fair value levels of trading securities were $16,394 million and $nil (October 31, 2023 – $14,345 million and $nil), respectively, and in all fair value levels of Investment securities were $26,766 million and $2,421 million (October 31, 2023 – $24,365 million and $2,618 million), respectively. (2) United States (U.S.). (3) Organisation for Economic Co-operation Fair value measurements using significant unobservable inputs (Level 3 Instruments) A financial instrument is classified as Level 3 in the fair value hierarchy if one or more of its unobservable inputs may significantly affect the measurement of its fair value. In preparing the financial statements, appropriate levels for these unobservable input parameters are chosen so that they are consistent with prevailing market evidence or management judgment. Due to the unobservable nature of the prices or rates, there may be uncertainty about the valuation of these Level 3 financial instruments. During the three months ended July 31, 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 July 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 July 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 – – – – – – – – – Corporate debt and other debt – – – – – – – – – Equities 2,392 (136 ) 2 216 (38 ) 1 (1 ) 2,436 (117 ) 2,392 (136 ) 2 216 (38 ) 1 (1 ) 2,436 (117 ) Investment Mortgage-backed securities 30 – (1 ) – – – – 29 n.a. Corporate debt and other debt 144 – 6 – (4 ) – – 146 n.a. Equities 476 – 11 – (3 ) – – 484 n.a. 650 – 16 – (7 ) – – 659 n.a. Loans 1,837 (33 ) 21 78 (84 ) 9 (14 ) 1,814 (30 ) Other Net derivative balances (3) Interest rate contracts (647 ) 43 – (66 ) 122 18 (18 ) (548 ) 43 Foreign exchange contracts (27 ) (9 ) 1 (1 ) – – (10 ) (46 ) (9 ) Other contracts (298 ) (24 ) (1 ) (11 ) 4 (198 ) 132 (396 ) (13 ) Valuation adjustments (6 ) – – – 16 – – 10 – Other assets 9 – – – (1 ) – – 8 – $ 3,910 $ (159 ) $ 39 $ 216 $ 12 $ (170 ) $ 89 $ 3,937 $ (126 ) Liabilities Deposits $ (633 ) $ (39 ) $ – $ (60 ) $ 38 $ (3 ) $ 89 $ (608 ) $ (23 ) $ (633 ) $ (39 ) $ – $ (60 ) $ 38 $ (3 ) $ 89 $ (608 ) $ (23 ) For the three months ended July 31, 2023 (Millions of Canadian dollars) Fair value Gains (losses) Gains (losses) Purchases Settlement Transfers Transfers Fair value Gains Assets Securities Trading Debt issued or guaranteed by: U.S. state, municipal and agencies $ – $ – $ – $ – $ – $ – $ – $ – $ – Asset-backed securities – – – – – – – – – Corporate debt and other debt 19 – – – (16 ) – (3 ) – – Equities 2,177 (37 ) (28 ) 70 (9 ) 6 – 2,179 (13 ) 2,196 (37 ) (28 ) 70 (25 ) 6 (3 ) 2,179 (13 ) Investment Mortgage-backed securities 27 – 3 – – – – 30 n.a. Corporate debt and other debt 150 – (9 ) – – – – 141 n.a. Equities 436 – (6 ) 1 – – – 431 n.a. 613 – (12 ) 1 – – – 602 n.a. Loans 2,410 (28 ) (58 ) 61 (71 ) 2 (5 ) 2,311 (13 ) Other Net derivative balances (3) Interest rate contracts (638 ) (14 ) 1 1 19 7 (8 ) (632 ) (8 ) Foreign exchange contracts (56 ) 3 (1 ) (9 ) 11 – 6 (46 ) 2 Other contracts (413 ) (43 ) 11 (23 ) 17 (37 ) 47 (441 ) (45 ) Valuation adjustments 16 – – – (5 ) – – 11 – Other assets 13 – – – (2 ) – – 11 – $ 4,141 $ (119 ) $ (87 ) $ 101 $ (56 ) $ (22 ) $ 37 $ 3,995 $ (77 ) Liabilities Deposits $ (250 ) $ 1 $ 1 $ (80 ) $ 13 $ (16 ) $ 50 $ (281 ) $ 5 $ (250 ) $ 1 $ 1 $ (80 ) $ 13 $ (16 ) $ 50 $ (281 ) $ 5 For the nine months ended July 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 – – – – – – – – – Corporate debt and other debt – – – – – – – – – Equities 2,266 (190 ) (6 ) 445 (78 ) 1 (2 ) 2,436 (149 ) 2,266 (190 ) (6 ) 445 (78 ) 1 (2 ) 2,436 (149 ) Investment Mortgage-backed securities 29 – – – – – – 29 n.a. Corporate debt and other debt 149 – 10 – (13 ) – – 146 n.a. Equities 466 – 16 3 (3 ) 2 – 484 n.a. 644 – 26 3 (16 ) 2 – 659 n.a. Loans 1,859 (87 ) 25 445 (324 ) 50 (154 ) 1,814 (81 ) Other Net derivative balances (3) Interest rate contracts (662 ) 46 – (80 ) 135 30 (17 ) (548 ) 55 Foreign exchange contracts (49 ) (10 ) 6 14 3 2 (12 ) (46 ) (3 ) Other contracts (438 ) (139 ) 5 (59 ) 5 (284 ) 514 (396 ) 1 Valuation adjustments 3 – – (1 ) 8 – – 10 – Other assets 11 – – – (3 ) – – 8 – $ 3,634 $ (380 ) $ 56 $ 767 $ (270 ) $ (199 ) $ 329 $ 3,937 $ (177 ) Liabilities Deposits $ (383 ) $ (90 ) $ 1 $ (417 ) $ 76 $ (93 ) $ 298 $ (608 ) $ (44 ) $ (383 ) $ (90 ) $ 1 $ (417 ) $ 76 $ (93 ) $ 298 $ (608 ) $ (44 ) For the nine months ended July 31, 2023 (Millions of Canadian dollars) Fair value Gains (losses) Gains (losses) Purchases Settlement Transfers Transfers Fair value Gains Assets Securities Trading Debt issued or guaranteed by: U.S. state, municipal and agencies $ 4 $ – $ – $ – $ (4 ) $ – $ – $ – $ – Asset-backed securities 2 – – – (2 ) – – – – Corporate debt and other debt 7 – – 2 (16 ) 17 (10 ) – – Equities 1,874 (159 ) (34 ) 491 (41 ) 48 – 2,179 (130 ) 1,887 (159 ) (34 ) 493 (63 ) 65 (10 ) 2,179 (130 ) Investment Mortgage-backed securities 28 – 1 1 – – – 30 n.a. Corporate debt and other debt 151 – (2 ) – (8 ) – – 141 n.a. Equities 397 – 34 1 (1 ) – – 431 n.a. 576 – 33 2 (9 ) – – 602 n.a. Loans 1,692 (54 ) (35 ) 1,300 (452 ) 30 (170 ) 2,311 – Other Net derivative balances (3) Interest rate contracts (859 ) (10 ) 6 (7 ) 194 30 14 (632 ) (9 ) Foreign exchange contracts (132 ) 4 10 (8 ) 48 – 32 (46 ) (2 ) Other contracts (785 ) (6 ) 21 (61 ) 83 (96 ) 403 (441 ) (35 ) Valuation adjustments 53 – – – (42 ) – – 11 – Other assets 15 – – – (4 ) – – 11 – $ 2,447 $ (225 ) $ 1 $ 1,719 $ (245 ) $ 29 $ 269 $ 3,995 $ (176 ) Liabilities Deposits $ (241 ) $ (26 ) $ 1 $ (157 ) $ 19 $ (67 ) $ 190 $ (281 ) $ (8 ) $ (241 ) $ (26 ) $ 1 $ (157 ) $ 19 $ (67 ) $ 190 $ (281 ) $ (8 ) (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 OCI were $ (2) Other includes amortization of premiums or discounts recognized in net income. (3) Net derivatives as at July 31, 2024 included derivative assets of $401 million (July 31, 2023 – $345 million) and derivative liabilities of $1,381 million (July 31, 2023 – $1,453 million). n.a. not applicable Transfers between fair value hierarchy levels for instruments carried at fair value on a recurring basis Transfers between Level 1 and Level 2, and transfers into and out of Level 3 are assumed to occur at the end of the period. For an asset or a liability that transfers into Level 3 during the period, the entire change in fair value for the period is excluded from the Gains (losses) included in earnings for positions still held column of the above reconciliation, whereas for transfers out of Level 3 during the period, the entire change in fair value for the period is included in the same column of the above reconciliation. Transfers between Level 1 and 2 are dependent on whether fair value is obtained on the basis of quoted market prices in active markets (Level 1). During the three months ended July 31, 2024, transfers out of Level 1 to Level 2 included Trading U.S. federal, state, municipal and agencies debt of $564 million and Investment U.S. federal, state, municipal and agencies debt of $417 million. During the three months ended July 31, 2023, transfers out of Level 1 to Level 2 included Obligations related to securities sold short of $151 million. During the three months ended July 31, 2024 and July 31, 2023, there were no significant transfers out of Level 2 to Level 1. During the nine months ended July 31, 2024, transfers out of Level 1 to Level 2 included Investment U.S. federal, state, municipal and agencies debt of $1,038 million and Trading U.S. federal, state, municipal and agencies debt of $822 million. During the nine months ended July 31, 2023, transfers out of Level 1 to Level 2 included Investment U.S. federal, state, municipal and agencies debt of $435 million, Obligations related to securities sold short of $151 million, and Trading U.S. federal, state, municipal and agencies debt of $112 million. During the nine months ended July 31, 2024 and July 31, 2023, there were no significant transfers out of Level 2 to Level 1. Transfers between Level 2 and Level 3 are primarily due to either a change in the market observability for an input, or a change in an unobservable input’s significance to a financial instrument’s fair value. During the three months ended July 31, 2024 , transfers out of Level 2 to Level 3 included Other contracts due to changes in the significance of unobservable inputs. During the three months ended July During the three months ended July 31, 2024, transfers out of Level 3 to Level 2 included Other contracts due to changes in the significance of unobservable inputs and changes in the market observability of inputs During the nine months ended July 31, 2024, transfers out of Level 2 to Level 3 included Other contracts due to changes in the significance of unobservable inputs and changes in the market observability of inputs. During the nine months ended July 31, 2023, there were no significant transfers out of Level 2 to Level 3. During the nine months ended July 31, 2024, transfers out of Level 3 to Level 2 included Other contracts, Deposits and Loans due to changes in the significance of unobservable inputs and changes in the market observability of inputs. During the nine months ended July 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 For the nine months ended (Millions of Canadian dollars) July 31 2024 July 31 2023 July 31 2024 July 31 2023 Interest and dividend income (1), (2) Financial instruments measured at fair value through profit or loss $ 8,678 $ 8,546 $ 27,583 $ 22,203 Financial instruments measured at fair value through other comprehensive income 1,927 1,383 5,162 3,439 Financial instruments measured at amortized cost 16,485 12,905 45,708 36,847 27,090 22,834 78,453 62,489 Interest expense (1) Financial instruments measured at fair value through profit or loss 8,432 7,531 26,227 20,046 Financial instruments measured at amortized cost 11,331 9,017 31,944 23,856 19,763 16,548 58,171 43,902 Net interest income $ 7,327 $ 6,286 $ 20,282 $ 18,587 (1) Excludes interest and dividend income for the three months ended July 31, 2024 of $222 million (July 31, 2023 – $186 million ) ), million million million (2) Includes dividend income for the three months ended July 31, 2024 of $778 million

Securities

Securities	9 Months Ended
Securities	Jul. 31, 2024
Text Block [Abstract]
Securities	Note 4 Securities Unrealized gains and losses on securities at FVOCI (1), (2) As at July 31, 2024 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 $ 14,725 $ 29 $ (26 ) $ 14,728 $ 6,609 $ 1 $ (351 ) $ 6,259 Provincial and municipal 5,216 31 (40 ) 5,207 3,396 2 (650 ) 2,748 U.S. federal, state, municipal and agencies 80,327 423 (1,654 ) 79,096 75,326 343 (2,374 ) 73,295 Other OECD government 10,271 11 (47 ) 10,235 6,200 1 (9 ) 6,192 Mortgage-backed securities 2,514 1 (26 ) 2,489 2,762 – (61 ) 2,701 Asset-backed securities 9,422 24 (6 ) 9,440 8,752 5 (51 ) 8,706 Corporate debt and other debt 29,248 116 (60 ) 29,304 27,774 44 (95 ) 27,723 Equities 720 463 (5 ) 1,178 493 357 (8 ) 842 $ 152,443 $ 1,098 $ (1,864 ) $ 151,677 $ 131,312 $ 753 $ (3,599 ) $ 128,466 (1) Excludes $99,067 million of held-to-collect securities as at July 31, 2024 that are carried at amortized cost, net of allowance for credit losses (October 31, 2023 – $91,113 million). (2) Gross unrealized gains and losses includes $(35) million of allowance for credit losses on debt securities at FVOCI as at July 31, 2024 (October 31, 2023 – $(33) million) recognized in income and Other components of equity. (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 July 31, 2024 July 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 $ 6 $ – $ (39 ) $ (33 ) $ 3 $ 2 $ (25 ) $ (20 ) Provision for credit losses Transfers to stage 1 – – – – 1 (1 ) – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 2 – – 2 1 – – 1 Sales and maturities (1 ) – – (1 ) – (1 ) – (1 ) Changes in risk, parameters and exposures (2 ) – (2 ) (4 ) (2 ) (1 ) (2 ) (5 ) Exchange rate and other – – 1 1 – 1 1 2 Balance at end of period $ 5 $ – $ (40 ) $ (35 ) $ 3 $ – $ (26 ) $ (23 ) For the nine months ended July 31, 2024 July 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 – – – – 1 (1 ) – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 8 – – 8 4 – – 4 Sales and maturities (3 ) – – (3 ) (1 ) (1 ) – (2 ) Changes in risk, parameters and exposures (5 ) – (6 ) (11 ) (3 ) 1 (7 ) (9 ) Exchange rate and other 1 – 3 4 (1 ) – 4 3 Balance at end of period $ 5 $ – $ (40 ) $ (35 ) $ 3 $ – $ (26 ) $ (23 ) (1) Expected credit losses on debt securities at FVOCI are not separately recognized on the balance sheet as the related securities are recorded at fair value. The cumulative amount of credit losses recognized in income is presented in Other components of equity. (2) Reflects changes in the allowance for purchased credit impaired securities. Allowance for credit losses – securities at amortized cost For the three months ended July 31, 2024 July 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 $ 13 $ – $ 21 $ 9 $ 13 $ – $ 22 Provision for credit losses Transfers to stage 1 – – – – – – – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 2 – – 2 3 – – 3 Sales and maturities (2 ) – – (2 ) – – – – Changes in risk, parameters and exposures – (2 ) – (2 ) (1 ) 2 – 1 Exchange rate and other (1 ) 1 – – (1 ) (1 ) – (2 ) Balance at end of period $ 7 $ 12 $ – $ 19 $ 10 $ 14 $ – $ 24 For the nine months ended July 31, 2024 July 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 6 – – 6 8 – – 8 Sales and maturities (2 ) – – (2 ) – – – – Changes in risk, parameters and exposures (4 ) (3 ) – (7 ) (6 ) 1 – (5 ) Exchange rate and other ( 1 ) – – (1 ) – (1 ) – (1 ) Balance at end of period $ 7 $ 12 $ – $ 19 $ 10 $ 14 $ – $ 24 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 July 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 $ 149,556 $ 8 $ – $ 149,564 $ 126,732 $ 1 $ – $ 126,733 Non-investment grade 789 – – 789 742 – – 742 Impaired – – 146 146 – – 149 149 150,345 8 146 150,499 127,474 1 149 127,624 Items not subject to impairment (2) 1,178 842 $ 151,677 $ 128,466 Securities at amortized cost Investment grade $ 98,182 $ – $ – $ 98,182 $ 89,947 $ – $ – $ 89,947 Non-investment grade 728 176 – 904 990 199 – 1,189 Impaired – – – – – – – – 98,910 176 – 99,086 90,937 199 – 91,136 Allowance for credit losses 7 12 – 19 8 15 – 23 $ 98,903 $ 164 $ – $ 99,067 $ 90,929 $ 184 $ – $ 91,113 (1) Reflects $146 million of purchased credit impaired securities (October 31, 2023 – $149 million). (2) Investment securities at FVOCI not subject to impairment represent equity securities designated as FVOCI.

Loans and allowance for credit

Loans and allowance for credit losses	9 Months Ended
Loans and allowance for credit losses	Jul. 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 July 31, 2024 July 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 $ 569 $ 36 $ (2 ) $ (4 ) $ 599 $ 480 $ (5 ) $ (4 ) $ (8 ) $ 463 Personal 1,371 188 (154 ) (8 ) 1,397 1,165 97 (106 ) (4 ) 1,152 Credit cards 1,139 169 (155 ) 3 1,156 980 154 (117 ) – 1,017 Small business 230 46 (24 ) (6 ) 246 225 23 (11 ) (2 ) 235 Wholesale 2,714 246 (202 ) (50 ) 2,708 1,886 349 (117 ) (67 ) 2,051 Customers’ liability under acceptances 51 (20 ) – 1 32 41 1 – (1 ) 41 $ 6,074 $ 665 $ (537 ) $ (64 ) $ 6,138 $ 4,777 $ 619 $ (355 ) $ (82 ) $ 4,959 Presented as: Allowance for loan losses $ 5,715 $ 5,798 $ 4,332 $ 4,495 Other liabilities – Provisions 302 303 397 416 Customers’ liability under acceptances 51 32 41 41 Other components of equity 6 5 7 7 For the nine months ended July 31, 2024 July 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 $ 138 $ (8 ) $ (12 ) $ 599 $ 432 $ 57 $ (13 ) $ (13 ) $ 463 Personal 1,228 603 (427 ) (7 ) 1,397 1,043 402 (287 ) (6 ) 1,152 Credit cards 1,069 575 (490 ) 2 1,156 893 459 (334 ) (1 ) 1,017 Small business 194 122 (58 ) (12 ) 246 194 70 (27 ) (2 ) 235 Wholesale 2,326 980 (484 ) (114 ) 2,708 1,574 779 (188 ) (114 ) 2,051 Customers’ liability under acceptances 50 (19 ) – 1 32 45 (4 ) – – 41 $ 5,348 $ 2,399 $ (1,467 ) $ (142 ) $ 6,138 $ 4,181 $ 1,763 $ (849 ) $ (136 ) $ 4,959 Presented as: Allowance for loan losses $ 5,004 $ 5,798 $ 3,753 $ 4,495 Other liabilities – Provisions 288 303 378 416 Customers’ liability under acceptances 50 32 45 41 Other components of equity 6 5 5 7 The following table reconciles the opening and closing allowance for each major product of loans and commitments as determined by our modelled, scenario-weighted allowance and the application of expert credit judgment as applicable. Reconciling items include the following: • Transfers between stages, which are presumed to occur before any corresponding remeasurements of the allowance. • Originations, which reflect the allowance related to assets newly recognized during the period, including those assets that were derecognized following a modification of terms. • Maturities, which reflect the allowance related to assets derecognized during the period without a credit loss being incurred, including those assets that were derecognized following a modification of terms. • Changes in risk, parameters and exposures, which comprise the impact of changes in model inputs or assumptions, including changes in forward-looking macroeconomic conditions; partial repayments and additional draws on existing facilities; changes in the measurement following a transfer between stages; and unwinding of the time value discount due to the passage of time in stage 1 and stage 2. Allowance for credit losses – Retail and wholesale loans For the three months ended July 31, 2024 July 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 $ 245 $ 118 $ 206 $ 569 $ 238 $ 103 $ 139 $ 480 Provision for credit losses Transfers to stage 1 39 (37 ) (2 ) – 38 (38 ) – – Transfers to stage 2 (8 ) 8 – – (4 ) 6 (2 ) – Transfers to stage 3 (2 ) (13 ) 15 – – (4 ) 4 – Originations 21 – – 21 22 – – 22 Maturities (5 ) (6 ) – (11 ) (4 ) (4 ) – (8 ) Changes in risk, parameters and exposures (66 ) 68 24 26 (63 ) 29 15 (19 ) Write-offs – – (6 ) (6 ) – – (7 ) (7 ) Recoveries – – 4 4 – – 3 3 Exchange rate and other (1 ) 1 (4 ) (4 ) – (2 ) (6 ) (8 ) Balance at end of period $ 223 $ 139 $ 237 $ 599 $ 227 $ 90 $ 146 $ 463 Personal Balance at beginning of period $ 296 $ 887 $ 188 $ 1,371 $ 298 $ 747 $ 120 $ 1,165 Provision for credit losses Transfers to stage 1 149 (148 ) (1 ) – 177 (177 ) – – Transfers to stage 2 (17 ) 18 (1 ) – (20 ) 21 (1 ) – Transfers to stage 3 (2 ) (36 ) 38 – – (13 ) 13 – Originations 27 – – 27 31 – – 31 Maturities (12 ) (48 ) – (60 ) (10 ) (32 ) – (42 ) Changes in risk, parameters and exposures (141 ) 226 136 221 (182 ) 189 101 108 Write-offs – – (190 ) (190 ) – – (135 ) (135 ) Recoveries – – 36 36 – – 29 29 Exchange rate and other 3 (4 ) (7 ) (8 ) (2 ) 1 (3 ) (4 ) Balance at end of period $ 303 $ 895 $ 199 $ 1,397 $ 292 $ 736 $ 124 $ 1,152 Credit cards Balance at beginning of period $ 192 $ 947 $ – $ 1,139 $ 199 $ 781 $ – $ 980 Provision for credit losses Transfers to stage 1 151 (151 ) – – 120 (120 ) – – Transfers to stage 2 (26 ) 26 – – (31 ) 31 – – Transfers to stage 3 (1 ) (127 ) 128 – – (103 ) 103 – Originations 10 – – 10 3 – – 3 Maturities (1 ) (15 ) – (16 ) (3 ) (9 ) – (12 ) Changes in risk, parameters and exposures (123 ) 270 28 175 (92 ) 241 14 163 Write-offs – – (210 ) (210 ) – – (164 ) (164 ) Recoveries – – 55 55 – – 47 47 Exchange rate and other 2 2 (1 ) 3 – – – – Balance at end of period $ 204 $ 952 $ – $ 1,156 $ 196 $ 821 $ – $ 1,017 Small business Balance at beginning of period $ 74 $ 78 $ 78 $ 230 $ 76 $ 79 $ 70 $ 225 Provision for credit losses Transfers to stage 1 15 (15 ) – – 9 (9 ) – – Transfers to stage 2 (5 ) 5 – – (4 ) 4 – – Transfers to stage 3 – (1 ) 1 – 1 (3 ) 2 – Originations 11 – – 11 12 – – 12 Maturities (5 ) (5 ) – (10 ) (4 ) (4 ) – (8 ) Changes in risk, parameters and exposures (10 ) 14 41 45 (13 ) 11 21 19 Write-offs – – (27 ) (27 ) – – (14 ) (14 ) Recoveries – – 3 3 – – 3 3 Exchange rate and other – 1 (7 ) (6 ) 1 – (3 ) (2 ) Balance at end of period $ 80 $ 77 $ 89 $ 246 $ 78 $ 78 $ 79 $ 235 Wholesale Balance at beginning of period $ 757 $ 924 $ 1,033 $ 2,714 $ 668 $ 632 $ 586 $ 1,886 Provision for credit losses Transfers to stage 1 101 (101 ) – – 45 (44 ) (1 ) – Transfers to stage 2 (26 ) 29 (3 ) – (28 ) 29 (1 ) – Transfers to stage 3 (1 ) (7 ) 8 – (3 ) (17 ) 20 – Originations 150 – – 150 169 – – 169 Maturities (96 ) (109 ) – (205 ) (129 ) (76 ) – (205 ) Changes in risk, parameters and exposures (108 ) 198 211 301 (34 ) 208 211 385 Write-offs – – (211 ) (211 ) – – (126 ) (126 ) Recoveries – – 9 9 – – 9 9 Exchange rate and other 1 1 (52 ) (50 ) (10 ) (10 ) (47 ) (67 ) Balance at end of period $ 778 $ 935 $ 995 $ 2,708 $ 678 $ 722 $ 651 $ 2,051 For the nine months ended July 31, 2024 July 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 72 (70 ) (2 ) – 70 (70 ) – – Transfers to stage 2 (18 ) 26 (8 ) – (23 ) 31 (8 ) – Transfers to stage 3 (4 ) (29 ) 33 – (1 ) (9 ) 10 – Originations (1) 72 – – 72 65 – – 65 Maturities (13 ) (13 ) – (26 ) (12 ) (6 ) – (18 ) Changes in risk, parameters and exposures (110 ) 135 67 92 (107 ) 80 37 10 Write-offs – – (17 ) (17 ) – – (23 ) (23 ) Recoveries – – 9 9 – – 10 10 Exchange rate and other 1 – (13 ) (12 ) – (1 ) (12 ) (13 ) Balance at end of period $ 223 $ 139 $ 237 $ 599 $ 227 $ 90 $ 146 $ 463 Personal Balance at beginning of period $ 280 $ 793 $ 155 $ 1,228 $ 285 $ 661 $ 97 $ 1,043 Provision for credit losses Transfers to stage 1 408 (407 ) (1 ) – 474 (473 ) (1 ) – Transfers to stage 2 (54 ) 57 (3 ) – (63 ) 65 (2 ) – Transfers to stage 3 (3 ) (95 ) 98 – (1 ) (38 ) 39 – Originations (1) 88 – – 88 79 – – 79 Maturities (33 ) (134 ) – (167 ) (32 ) (82 ) – (114 ) Changes in risk, parameters and exposures (383 ) 681 384 682 (450 ) 604 283 437 Write-offs – – (525 ) (525 ) – – (371 ) (371 ) Recoveries – – 98 98 – – 84 84 Exchange rate and other – – (7 ) (7 ) – (1 ) (5 ) (6 ) Balance at end of period $ 303 $ 895 $ 199 $ 1,397 $ 292 $ 736 $ 124 $ 1,152 Credit cards Balance at beginning of period $ 203 $ 866 $ – $ 1,069 $ 177 $ 716 $ – $ 893 Provision for credit losses Transfers to stage 1 426 (426 ) – – 409 (409 ) – – Transfers to stage 2 (81 ) 81 – – (73 ) 73 – – Transfers to stage 3 (2 ) (353 ) 355 – (1 ) (295 ) 296 – Originations (1) 23 – – 23 10 – – 10 Maturities (3 ) (36 ) – (39 ) (5 ) (24 ) – (29 ) Changes in risk, parameters and exposures (364 ) 819 136 591 (320 ) 760 38 478 Write-offs – – (670 ) (670 ) – – (465 ) (465 ) Recoveries – – 180 180 – – 131 131 Exchange rate and other 2 1 (1 ) 2 (1 ) – – (1 ) Balance at end of period $ 204 $ 952 $ – $ 1,156 $ 196 $ 821 $ – $ 1,017 Small business Balance at beginning of period $ 70 $ 66 $ 58 $ 194 $ 73 $ 73 $ 48 $ 194 Provision for credit losses Transfers to stage 1 27 (27 ) – – 27 (27 ) – – Transfers to stage 2 (14 ) 14 – – (11 ) 11 – – Transfers to stage 3 – (6 ) 6 – – (7 ) 7 – Originations (1) 31 – – 31 28 – – 28 Maturities (12 ) (15 ) – (27 ) (11 ) (14 ) – (25 ) Changes in risk, parameters and exposures (23 ) 44 97 118 (31 ) 39 59 67 Write-offs – – (67 ) (67 ) – – (35 ) (35 ) Recoveries – – 9 9 – – 8 8 Exchange rate and other 1 1 (14 ) (12 ) 3 3 (8 ) (2 ) Balance at end of period $ 80 $ 77 $ 89 $ 246 $ 78 $ 78 $ 79 $ 235 Wholesale Balance at beginning of period $ 774 $ 785 $ 767 $ 2,326 $ 597 $ 585 $ 392 $ 1,574 Provision for credit losses Transfers to stage 1 203 (202 ) (1 ) – 145 (144 ) (1 ) – Transfers to stage 2 (121 ) 128 (7 ) – (63 ) 65 (2 ) – Transfers to stage 3 (5 ) (54 ) 59 – (7 ) (44 ) 51 – Originations (1) 519 – – 519 481 – – 481 Maturities (288 ) (291 ) – (579 ) (345 ) (205 ) – (550 ) Changes in risk, parameters and exposures (299 ) 572 767 1,040 (120 ) 477 491 848 Write-offs – – (521 ) (521 ) – – (212 ) (212 ) Recoveries – – 37 37 – – 24 24 Exchange rate and other (5 ) (3 ) (106 ) (114 ) (10 ) (12 ) (92 ) (114 ) Balance at end of period $ 778 $ 935 $ 995 $ 2,708 $ 678 $ 722 $ 651 $ 2,051 (1) Includes the impact of the HSBC Canada transaction. Refer to Note 6 for further details. 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 in Canada and over the medium-term in the U.S. Central bank policy interest rate cuts are expected to continue in Canada as inflation continues to decline towards target levels and to begin at the end of calendar Q3 2024 in the U.S. due to weaker growth and declining inflation. Downside scenarios, including two additional and more severe downside scenarios designed for the energy and real estate sectors, reflect the possibility of a more severe macroeconomic shock beginning in calendar Q4 2024 relative to our base scenario. In these scenarios, conditions are expected to deteriorate from calendar Q3 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, sustainable growth rate within the forecast period. The upside scenario reflects slightly stronger economic growth than the base scenario, without prompting a further offsetting monetary policy response as compared to our base scenario, followed by a return to a long-run sustainable growth rate within the forecast period. We reduced weight to our downside scenarios relative to October 31, 2023 in order to reflect reduced uncertainty surrounding timing of interest rate reductions as reflected in our base scenario relative to prolonged elevated interest rate levels reflected in our downside scenarios. 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 3 4 calend a 7 remain at in 3 then increase • Gross Domestic Product (GDP ) 3 • Oil price (West Texas Intermediate in US$) 3 • Canadian housing price index 3 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 July 31, 2024 October 31, 2023 (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 (1) Total Retail Loans outstanding – Residential mortgages Low risk $ 385,811 $ 1,901 $ – $ 387,712 $ 349,001 $ 1,630 $ – $ 350,631 Medium risk 17,571 4,694 – 22,265 19,126 1,610 – 20,736 High risk 1,606 6,280 – 7,886 1,582 4,927 – 6,509 Not rated (2) 52,620 1,417 – 54,037 54,247 1,220 – 55,467 Impaired – – 1,102 1,102 – – 682 682 457,608 14,292 1,102 473,002 423,956 9,387 682 434,025 Items not subject to impairment (3) 638 476 Total $ 473,640 $ 434,501 Loans outstanding – Personal Low risk $ 80,735 $ 1,682 $ – $ 82,417 $ 75,572 $ 1,676 $ – $ 77,248 Medium risk 6,079 2,913 – 8,992 5,587 2,915 – 8,502 High risk 585 2,190 – 2,775 477 2,088 – 2,565 Not rated (2) 10,580 418 – 10,998 9,982 157 – 10,139 Impaired – – 406 406 – – 280 280 Total $ 97,979 $ 7,203 $ 406 $ 105,588 $ 91,618 $ 6,836 $ 280 $ 98,734 Loans outstanding – Credit cards Low risk $ 17,217 $ 159 $ – $ 17,376 $ 16,331 $ 135 $ – $ 16,466 Medium risk 2,009 2,257 – 4,266 1,771 2,132 – 3,903 High risk 74 2,077 – 2,151 41 1,734 – 1,775 Not rated (2) 1,153 51 – 1,204 856 35 – 891 Total $ 20,453 $ 4,544 $ – $ 24,997 $ 18,999 $ 4,036 $ – $ 23,035 Loans outstanding – Small business Low risk $ 9,542 $ 800 $ – $ 10,342 $ 8,641 $ 920 $ – $ 9,561 Medium risk 2,609 903 – 3,512 2,238 936 – 3,174 High risk 178 898 – 1,076 99 592 – 691 Not rated (2) 5 – – 5 11 – – 11 Impaired – – 292 292 – – 244 244 Total $ 12,334 $ 2,601 $ 292 $ 15,227 $ 10,989 $ 2,448 $ 244 $ 13,681 Undrawn loan commitments – Retail Low risk $ 285,812 $ 721 $ – $ 286,533 $ 266,209 $ 610 $ – $ 266,819 Medium risk 12,011 359 – 12,370 10,759 298 – 11,057 High risk 922 535 – 1,457 956 434 – 1,390 Not rated (2) 7,284 34 – 7,318 6,686 138 – 6,824 Total $ 306,029 $ 1,649 $ – $ 307,678 $ 284,610 $ 1,480 $ – $ 286,090 Wholesale – Loans outstanding Investment grade $ 114,675 $ 1,494 $ – $ 116,169 $ 89,037 $ 416 $ – $ 89,453 Non-investment grade 189,433 24,773 – 214,206 156,211 19,210 – 175,421 Not rated (2) 11,822 841 – 12,663 10,968 238 – 11,206 Impaired – – 3,885 3,885 – – 2,498 2,498 315,930 27,108 3,885 346,923 256,216 19,864 2,498 278,578 Items not subject to impairment (3) 11,220 9,248 Total $ 358,143 $ 287,826 Undrawn loan commitments – Wholesale Investment grade $ 337,002 $ 436 $ – $ 337,438 $ 312,178 $ 186 $ – $ 312,364 Non-investment grade 150,933 13,505 – 164,438 130,994 13,947 – 144,941 Not rated (2) 3,600 12 – 3,612 4,176 – – 4,176 Total $ 491,535 $ 13,953 $ – $ 505,488 $ 447,348 $ 14,133 $ – $ 461,481 (1) Includes $124 million of purchased credit-impaired loans acquired in the HSBC Canada transaction. (2) 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. (3) Items not subject to impairment are loans held at FVTPL. Loans past due but not impaired (1), (2) As at July 31, 2024 October 31, 2023 (Millions of Canadian dollars) 30 to 89 days 90 days Total 30 to 89 days 90 days Total Retail $ 2,335 $ 250 $ 2,585 $ 1,840 $ 208 $ 2,048 Wholesale 1,278 57 1,335 1,823 49 1,872 $ 3,613 $ 307 $ 3,920 $ 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	9 Months Ended
Significant acquisition and disposition	Jul. 31, 2024
Text Block [Abstract]
Significant acquisition and disposition	Note 6 Significant acquisition and disposition Acquisition HSBC Bank Canada On March 28, 2024, we completed the acquisition of HSBC Bank Canada (HSBC Canada). The acquisition of HSBC Canada (the HSBC Canada transaction) gives us the opportunity to enhance our existing businesses in line with our strategic goals and better positions us to be the bank of choice for commercial clients with international needs, newcomers to Canada and globally connected clients. HSBC Canada results have been consolidated from the closing date and are included in our Personal & Commercial Banking, Wealth Management and Capital Markets segments. Total consideration of $15.5 billion in cash included $13.5 billion for 100% of the common shares of HSBC Canada, $2.1 billion for the preferred shares and subordinated debt held directly or indirectly by HSBC Holdings plc, $(0.5) billion for the settlement of pre-existing all-cash Based on the estimated fair values, our preliminary purchase price allocation assign ed The following table presents the estimated fair value of the assets acquired and liabilities assumed as at the acquisition date. The estimates for the fair values of the assets acquired and liabilities assumed may be retroactively adjusted to reflect new information obtained about facts and circumstances that existed as at the acquisition date during the measurement period. (Millions of Canadian dollars, except percentage amounts) Percentage of shares acquired 100% Purchase consideration $ 15,488 Fair value of identifiable assets acquired Cash and due from banks $ 2,772 Securities Trading 1,110 Investment 21,305 Loans (1) Retail (2) 35,353 Wholesale 39,408 Derivatives 3,365 Intangible assets (3) 2,402 Other (4) 2,405 Total fair value of identifiable assets acquired $ 108,120 Fair value of identifiable liabilities assumed Deposits Personal 42,037 Business and government (2) 44,065 Bank 124 Obligations related to assets sold under repurchase agreements and securities loaned 5,664 Derivatives 3,541 Other (5) 3,639 Total fair value of identifiable liabilities assumed $ 99,070 Fair value of identifiable net assets acquired $ 9,050 Goodwill 6,438 Total purchase consideration $ 15,488 (1) The fair value of loans reflects estimates of incurred and expected future credit losses as at the acquisition date and interest rate premiums or discounts relative to prevailing market rates. As at March 28, 2024, the gross contractual value of the loans is $75,920 million. The estimate of contractual cash flows not expected to be collected is $587 million, of which $147 million relates to purchased credit-impaired loans. (2) Loans – Retail includes $1.7 billion of Canadian residential mortgages sold with recourse to a mutual fund that do not qualify for derecognition, and Deposits – Business and government includes $1.7 billion of the related secured borrowing liability. (3) Intangible assets include $1,973 million of core deposit intangibles and $110 million of customer relationships, which are amortized on a straight-line basis over estimated useful lives of 7 years, and $319 million of mutual fund management contracts with indefinite useful lives. (4) Includes Assets purchased under reverse repurchase agreements and securities borrowed, Customers’ liability under acceptances, and Other assets. (5) Includes Acceptances, Obligations related to securities sold short, and Other liabilities. Since income income million after-tax). Assuming we acquired HSBC Canada on November 1, 2023, using the same fair value estimates and not reflecting any potential synergies, we estimate that RBC’s consolidated revenue and net income for the nine July 1 RBC’s consolidated results include transaction and integration costs of $160 million for the three months ended July 1 nine July 1 Non-interest Disposition Wealth Management On December 1, 2023, we completed the previously announced sale of the RBC Investor Services ®

Deposits

Deposits	9 Months Ended
Deposits	Jul. 31, 2024
Text Block [Abstract]
Deposits	Note 7 Deposits As at July 31, 2024 October 31, 2023 (Millions of Canadian dollars) Demand Notice Term Total Demand (1) Notice (2) Term (3) Total Personal $ 200,990 $ 60,901 $ 248,651 $ 510,542 $ 186,530 $ 57,614 $ 197,802 $ 441,946 Business and government 354,231 19,154 435,995 809,380 316,200 19,056 409,819 745,075 Bank 9,064 677 31,602 41,343 7,996 769 35,901 44,666 $ 564,285 $ 80,732 $ 716,248 $ 1,361,265 $ 510,726 $ 77,439 $ 643,522 $ 1,231,687 Non-interest-bearing (4) Canada $ 141,988 $ 6,604 $ 190 $ 148,782 $ 132,994 $ 6,107 $ 168 $ 139,269 United States 36,139 – – 36,139 40,646 – – 40,646 Europe (5) 15 – – 15 17 – – 17 Other International 7,673 – – 7,673 7,265 – – 7,265 Interest-bearing (4) Canada 347,652 14,320 575,076 937,048 302,746 14,641 493,347 810,734 United States 20,974 58,829 71,272 151,075 16,210 55,895 78,837 150,942 Europe (5) 4,193 905 50,036 55,134 5,353 726 51,812 57,891 Other International 5,651 74 19,674 25,399 5,495 70 19,358 24,923 $ 564,285 $ 80,732 $ 716,248 $ 1,361,265 $ 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 July 31, 2024, deposits denominated in U.S. dollars, British pounds, Euro and other foreign currencies were $476 billion billion billion billion (5) Europe includes the United Kingdom and the Channel Islands. Contractual maturities of term deposits (1) As at (Millions of Canadian dollars) July 31 2024 October 31 2023 Within 1 year: less than 3 months $ 198,081 $ 182,373 3 to 6 months 99,948 69,868 6 to 12 months 156,531 151,079 1 to 2 years 82,251 76,232 2 to 3 years 58,623 49,965 3 to 4 years 45,802 36,774 4 to 5 years 24,876 36,506 Over 5 years 50,136 40,725 $ 716,248 $ 643,522 (1) The aggregate amount of term deposits in denominations of one hundred thousand dollars or more is $644 billion billion

Insurance and reinsurance

Insurance and reinsurance	9 Months Ended
Insurance and reinsurance	Jul. 31, 2024
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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 As at July 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) $ 1,923 $ (574 ) $ (592 ) $ 757 $ 1,790 $ (544 ) $ (565 ) $ 681 Insurance contract liabilities (3) Insurance contract liabilities for segregated funds $ (3,065 ) $ (19 ) $ (144 ) $ (3,228 ) $ (2,553 ) $ (15 ) $ (64 ) $ (2,632 ) Insurance contract liabilities excluding segregated funds (13,789 ) (1,974 ) (2,162 ) (17,925 ) (11,955 ) (2,308 ) (2,131 ) (16,394 ) $ (16,854 ) $ (1,993 ) $ (2,306) $ (21,153) $ (14,508 ) $ (2,323 ) $ (2,195 ) $ (19,026 ) Reinsurance contract held assets (2), (3) $ 402 $ 533 $ 702 $ 1,637 $ 327 $ 469 $ 786 $ 1,582 Reinsurance contract held liabilities (4) $ (85 ) $ 11 $ 41 $ (33 ) $ (42 ) $ 6 $ 18 $ (18 ) CSM for insurance contracts, $ (2,155 ) $ (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 For the nine months ended (Millions of Canadian dollars) July 31 2024 July 31 2023 (1) July 31 2024 July 31 2023 (1) Insurance service result Insurance revenue $ 1,303 $ 1,165 $ 3,755 $ 3,474 Insurance service expense (1,059 ) (954 ) (3,043 ) (2,737 ) Net income (expense) from reinsurance contracts held (30 ) (62 ) (108 ) (171 ) $ 214 $ 149 $ 604 $ 566 Insurance investment result Net investment income $ 185 $ 168 $ 2,289 $ 1,331 Insurance finance income (expense) (159 ) 55 (2,155 ) (1,246 ) Reinsurance finance income (expense) 2 (72 ) 94 7 $ 28 $ 151 $ 228 $ 92 Insurance service and insurance investment results $ 242 $ 300 $ 832 $ 658 (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 details.

Employee benefits - Pension and

Employee benefits - Pension and other post-employment benefits	9 Months Ended
	Jul. 31, 2024
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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) July 31 2024 July 31 2023 July 31 2024 July 31 2023 Current service costs $ 47 $ 48 $ 9 $ 8 Past service costs – – (6 ) – Net interest expense (income) (37 ) (40 ) 20 19 Remeasurements of other long-term benefits – – (5 ) (1 ) Administrative expense 5 3 – – Defined benefit pension expense 15 11 18 26 Defined contribution pension expense 115 84 – – $ 130 $ 95 $ 18 $ 26 For the nine months ended Pension plans Other post-employment benefit plans (Millions of Canadian dollars) July 31 2024 July 31 2023 July 31 2024 July 31 2023 Current service costs $ 140 $ 146 $ 25 $ 24 Past service costs – – (6 ) – Net interest expense (income) (112 ) (121 ) 60 58 Remeasurements of other long-term benefits – – 4 2 Administrative expense 13 9 – – Defined benefit pension expense 41 34 83 84 Defined contribution pension expense 319 245 – – $ 360 $ 279 $ 83 $ 84 Pension and other post-employment benefit remeasurements (1) For the three months ended Defined benefit pension plans Other post-employment benefit plans (Millions of Canadian dollars) July 31 2024 July 31 2023 July 31 2024 July 31 2023 Actuarial (gains) losses: Changes in financial assumptions (2) $ 658 $ (483 ) $ 68 $ (45 ) Experience adjustments – 1 3 – Return on plan assets (excluding interest based on discount rate) (785 ) 313 – – $ (127 ) $ (169 ) $ 71 $ (45 ) For the nine months ended Defined benefit pension plans Other post-employment benefit plans (Millions of Canadian dollars) July 31 2024 July 31 2023 July 31 2024 July 31 2023 Actuarial (gains) losses: Changes in financial assumptions (2) $ 1,381 $ 421 $ 138 $ 45 Experience adjustments – 1 3 (2 ) Return on plan assets (excluding interest based on discount rate) (1,789 ) (248 ) – – $ (408 ) $ 174 $ 141 $ 43 (1) Market based assumptions, including Changes in financial assumptions and Return on plan assets, are reviewed on a quarterly basis. All other assumptions are updated during our annual review of plan assumptions. (2) Changes in financial assumptions in our defined benefit pension plans primarily relate to changes in discount rates.

Income taxes

Income taxes	9 Months Ended
Income taxes	Jul. 31, 2024
Text Block [Abstract]
Income taxes	Note 10 Income taxes Tax examinations and assessments During the third quarter of 2024, we received a reassessment from the Canada Revenue Agency (CRA), in respect of the 2019 taxation year, which suggested that Royal Bank of Canada owes additional taxes of approximately $ million as the CRA denied the deductibility of certain dividends. This amount represents the maximum additional taxes owing for that year. The reassessment is consistent with the previously received reassessments as described in Note 22 of our 2023 Annual Consolidated Financial Statements. It is possible that the CRA will reassess us for significant additional income taxes for subsequent years on the same basis. In all cases, we are confident that our tax filing position was appropriate and intend to defend ourselves vigorously. Pillar Two legislation The Budget Implementation Act, 2024, No. 1 (the BIA), introduced as Bill C-69 and tabled by the Government of Canada, received Royal Assent and was enacted on June 20, 2024. The BIA includes the Global Minimum Tax Act (the GMTA) which implements into Canadian law certain measures relating to the Organisation for Economic Co-operation two-pillar global minimum corporate tax on certain multinational enterprises (Pillar Two). A number of other countries in which RBC operates have also enacted Pillar Two legislation. The GMTA and corresponding foreign Pillar Two legislation will be effective for our fiscal year beginning November 1, 2024. Pillar Two income taxes may arise in or in relation to jurisdictions where the operations of RBC have an effective tax rate below 15%. This is anticipated to occur mainly in certain Caribbean and European jurisdictions. Due to the complexities in applying the legislation and continued uncertainty regarding the Pillar Two response of certain jurisdictions in which RBC operates, the full impact of the Pillar Two legislation is not yet reasonably estimable. We continue to actively monitor the legislative developments in this area for each jurisdiction in which RBC operates.

Significant capital and funding

Significant capital and funding transactions	9 Months Ended
Significant capital and funding transactions	Jul. 31, 2024
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Significant capital and funding transactions	Note 11 Significant capital and funding transactions Preferred shares and other equity instruments On November 7, 2023, we redeemed all 15 thousand of our issued and outstanding Non-Cumulative C-2 C-2 one-fortieth C-2 On January 25, 2024, we issued 750 thousand Non-Cumulative 5-Year to, but excluding, 5-year Bank Act non-viability On April 24, 2024, we issued US$1,000 million of Limited Recourse Capital Notes Series 4 (LRCN Series 4) with recourse limited to assets (Trust Assets) held by a third-party trustee in a consolidated trust (Limited Recourse Trust). The Trust Assets consist of US$1,000 million of our First Preferred Shares, Series BV (Series BV Preferred Shares), issued concurrently with LRCN Series 4 at a price of US$1,000 per Series BV Preferred Share. The price per LRCN Series 4 note is US$1,000 and will bear interest paid quarterly at a fixed rate of 7.5% per annum until May 2, 2029 and thereafter at a rate per annum, reset every fifth year, equal to the U.S. Treasury Rate plus 2.887% until maturity on May 2, 2084. In the event of (i) non-payment (ii) non-payment non-payment LRCN Series 4 are redeemable on or prior to maturity to the extent we redeem Series BV Preferred Shares on certain redemption dates as set out in the terms of Series BV Preferred Shares and subject to the consent and approval of OSFI. The terms of Series BV Preferred Shares and LRCN Series 4 include NVCC provisions necessary for them to qualify as Tier 1 regulatory capital under Basel III. NVCC provisions require the conversion of the instrument into a variable number of common shares in the event that OSFI deems the Bank non-viable (subject to adjustment in certain circumstances), and (ii) the current market price of our common shares based on the volume weighted average trading price of our common shares on the Toronto Stock Exchange. The number of common shares issued in respect of each Series BV Preferred Share will be determined by dividing the share value of Series BV Preferred Shares (including declared and unpaid dividends) by the conversion price. The number of common shares delivered to each noteholder will be based on such noteholder’s pro rata interest in the Trust Assets. LRCN Series 4 are compound instruments with both equity and liability features as payments of interest and principal in cash are made at our discretion. Non-payment On May 24, 2024, we redeemed all 20 million of our issued and outstanding Non-Cumulative 5-Year redemption On July 24, 2024, we issued 600 thousand Non-Cumulative 5-Year Fixed Rate Reset First Preferred Shares Series BW to certain institutional investors, at a price of $1,000 per share, for total gross proceeds of $600 million. For the initial period to, but excluding, Bank Act On August 24, 2024, we redeemed all 20 million of our issued and outstanding Non-Cumulative 5-Year redemption Subordinated debentures On April 2, 2024, we issued $2,000 million of NVCC subordinated debentures. The notes bear interest at a fixed rate of 5.096% per annum until April 3, 2029, and at the Daily Compounded Canadian Overnight Repo Rate Average plus 1.56% thereafter until maturity on April 3, 2034. On July 25, 2024, we redeemed our NVCC debentures due July 25, 2029 for 100% of their principal amount plus interest accrued to, but excluding, the redemption date. On July 29, 2024, we issued $1,250 million of NVCC subordinated debentures. The notes bear interest at a fixed rate of 4.829% per annum until August 8, 2029, and at the Daily Compounded Canadian Overnight Repo Rate Average plus 1.55% thereafter until maturity on August 8, 2034. Common shares issued For the three months ended July 31, 2024 July 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) 683 $ 66 174 $ 16 Issued in connection with dividend reinvestment plan (2) – – 5,355 670 Purchased for cancellation (3) (480 ) (7 ) – – 203 $ 59 5,529 $ 686 For the nine months ended July 31, 2024 July 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) 1,311 $ 126 678 $ 61 Issued in connection with dividend reinvestment plan (2) 11,850 1,460 9,959 1,291 Purchased for cancellation (3) (480 ) (7 ) – – 12,681 $ 1,579 10,637 $ 1,352 (1) Amounts include cash received for stock options exercised during the period and the fair value adjustment to stock options. (2) The requirements of our dividend reinvestment plan (DRIP) are satisfied through either open market share purchases or shares issued from treasury. During the three months ended July 31, 2024 our DRIP requirements were satisfied through open market share purchases. During the nine months ended July 31, 2024 our DRIP requirements were satisfied through shares issued from treasury in the first six months and open market share purchases in the last three months. During the three months ended July 31, 2023 our DRIP requirements were satisfied through shares issued from treasury. During the nine months ended July 31, 2023 our DRIP requirements were satisfied through open market share purchases in the first three months and shares issued from treasury in the last six months. (3) During the three and nine months ended July 31, 2024, we purchased for cancellation common shares at a total fair value of $73 million (average cost of $152.66 per share), with a book value of $7 million (book value of $14.82 per share). During the three and nine months ended July 31, 2023, we did not purchase for cancellation any common shares.

Earnings per share

Earnings per share	9 Months Ended
Earnings per share	Jul. 31, 2024
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Earnings per share	Note 12 Earnings per share For the three months ended For the nine months ended (Millions of Canadian dollars, except share and per share amounts) July 31 2024 July 31 2023 (Restated – Note 2) July 31 2024 July 31 2023 (Restated – Note 2) Basic earnings per share Net income $ 4,486 $ 3,860 $ 12,018 $ 10,673 Dividends on preferred shares and distributions on other equity instruments (106 ) (58 ) (231 ) (169 ) Net income attributable to non-controlling (3 ) (2 ) (7 ) (5 ) Net income available to common shareholders $ 4,377 $ 3,800 $ 11,780 $ 10,499 Weighted average number of common shares (in thousands) 1,414,194 1,393,515 1,411,044 1,388,217 Basic earnings per share (in dollars) $ 3.09 $ 2.73 $ 8.35 $ 7.56 Diluted earnings per share Net income available to common shareholders $ 4,377 $ 3,800 $ 11,780 $ 10,499 Weighted average number of common shares (in thousands) 1,414,194 1,393,515 1,411,044 1,388,217 Stock options (1) 1,929 1,398 1,574 1,614 Issuable under other share-based compensation plans 26 26 26 26 Average number of diluted common shares (in thousands) 1,416,149 1,394,939 1,412,644 1,389,857 Diluted earnings per share (in dollars) $ 3.09 $ 2.73 $ 8.34 $ 7.55 (1) The dilutive effect of stock options was calculated using the treasury stock method. When the exercise price of options outstanding is greater than the average market price of our common shares, the options are excluded from the calculation of diluted earnings per share. For the three months ended July 31, 2024, no outstanding options were excluded from the calculation of diluted earnings per share. For the three months ended July 31, 2023, an average of 2,244,505 outstanding options with an average exercise price of $130.78 were excluded from the calculation of diluted earnings per share. For the nine months ended July 31, 2024, no outstanding options were excluded from the calculation of diluted earnings per share. For the nine months ended July 31, 2023, an average of 917,036 outstanding options with an average exercise price of $131.64 were excluded from the calculation of diluted earnings per share.

Legal and regulatory matters

Legal and regulatory matters	9 Months Ended
Legal and regulatory matters	Jul. 31, 2024
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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 remains a defendant in other LIBOR class actions. 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 On March 5, 2024, the Court of Appeal rendered a judgment of conviction (the Conviction) against Royal Bank of Canada Trust Company (Bahamas) Limited (RBC Bahamas) and the other parties. RBC Bahamas was ordered by the Court of Appeal to pay a fine of € As previously disclosed, in 2016 Royal Bank of Canada was granted an exemption by the U.S. Department of Labor that allows Royal Bank of Canada and its current and future affiliates to continue to qualify for the Qualified Professional Asset Manager (QPAM) exemption under the Employee Retirement Income Security Act despite any potential conviction of RBC Bahamas in the French proceeding for a temporary one-year one-year U.S. communications recordkeeping inquiry On August 14, 2024, the Securities and Exchange Commission announced its settlement with RBC Capital Markets, LLC, pursuant to which RBC

Results by business segment

Results by business segment	9 Months Ended
Results by business segment	Jul. 31, 2024
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Results by business segment	Note 14 Results by business segment Composition of business segments For management purposes, based on the products and services offered, we are organized into four business segments: Personal & Commercial Banking, Wealth Management, Insurance and Capital Markets. For the three months ended July 31, 2024 (Millions of Canadian dollars) Personal & Wealth Management Insurance Capital Markets Corporate Support Total Net interest income (3) $ 5,052 $ 1,133 $ – $ 817 $ 325 $ 7,327 Non-interest 1,673 3,632 285 2,187 (473 ) 7,304 Total revenue 6,725 4,765 285 3,004 (148 ) 14,631 Provision for credit losses 607 16 1 38 (3 ) 659 Non-interest 2,715 3,679 70 1,755 380 8,599 Income (loss) before income taxes 3,403 1,070 214 1,211 (525 ) 5,373 Income taxes (recoveries) 913 208 44 39 (317 ) 887 Net income $ 2,490 $ 862 $ 170 $ 1,172 $ (208 ) $ 4,486 Non-interest Depreciation and amortization $ 325 $ 299 $ 3 $ 133 $ (1 ) $ 759 For the three months ended July 31, 2023 (Restated – Note 2) (Millions of Canadian dollars) Personal & Wealth Management (4), (5) Insurance Capital Markets (2), (5) Corporate Support (2), (4) Total Net interest income (3) $ 4,062 $ 1,047 $ – $ 907 $ 270 $ 6,286 Non-interest 1,501 3,355 336 1,772 (273 ) 6,691 Total revenue 5,563 4,402 336 2,679 (3 ) 12,977 Provision for credit losses 305 102 – 209 – 616 Non-interest 2,319 3,498 69 1,620 259 7,765 Income (loss) before income taxes 2,939 802 267 850 (262 ) 4,596 Income taxes (recoveries) 805 139 52 (99 ) (161 ) 736 Net income $ 2,134 $ 663 $ 215 $ 949 $ (101 ) $ 3,860 Non-interest Depreciation and amortization $ 240 $ 312 $ 15 $ 126 $ – $ 693 For the nine months ended July 31, 2024 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income (3) $ 13,668 $ 3,419 $ – $ 2,242 $ 953 $ 20,282 Non-interest 4,841 10,501 946 6,867 (1,167 ) 21,988 Total revenue 18,509 13,920 946 9,109 (214 ) 42,270 Provision for credit losses 1,995 54 2 342 (1 ) 2,392 Non-interest 7,482 11,100 210 5,119 1,320 25,231 Income (loss) before income taxes 9,032 2,766 734 3,648 (1,533 ) 14,647 Income taxes (recoveries) 2,430 529 167 60 (557 ) 2,629 Net income $ 6,602 $ 2,237 $ 567 $ 3,588 $ (976 ) $ 12,018 Non-interest Depreciation and amortization $ 840 $ 919 $ 6 $ 387 $ (10 ) $ 2,142 For the nine months ended July 31, 2023 (Restated – Note 2) (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income (3) $ 11,886 $ 3,352 $ – $ 2,650 $ 699 $ 18,587 Non-interest 4,516 10,004 762 5,837 (927 ) 20,192 Total revenue 16,402 13,356 762 8,487 (228 ) 38,779 Provision for credit losses 1,128 196 – 424 – 1,748 Non-interest 6,805 10,379 204 4,831 535 22,754 Income (loss) before income taxes 8,469 2,781 558 3,232 (763 ) 14,277 Income taxes (recoveries) 2,294 569 106 80 555 3,604 Net income $ 6,175 $ 2,212 $ 452 $ 3,152 $ (1,318 ) $ 10,673 Non-interest Depreciation and amortization $ 721 $ 925 $ 39 $ 381 $ – $ 2,066 (1) On March 28, 2024, we completed the HSBC Canada transaction. HSBC Canada results have been consolidated from the closing date, and are included in our Personal & Commercial Banking, Wealth Management and Capital Markets segments. For further details, refer to Note 6. (2) Taxable equivalent basis. (3) Interest revenue is reported net of interest expense as we rely primarily on net interest income as a performance measure. (4) Amounts for the three months and nine months ended July 31, 2023 have been revised from those previously presented. (5) 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 and nine months ended July 31, 2023 have been revised from those previously presented. Total assets and total liabilities by business segment As at July 31, 2024 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Total assets $ 736,538 $ 177,293 $ 27,501 $ 1,045,826 $ 88,949 $ 2,076,107 Total liabilities 736,467 175,910 27,463 1,045,630 (33,855 ) 1,951,615 As at October 31, 2023 (Restated – Note 2) (Millions of Canadian dollars) Personal & Wealth Management 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 (1) Includes the impact of the HSBC Canada transaction. Refer to Note 6 for further details.

Capital management

Capital management	9 Months Ended
Capital management	Jul. 31, 2024
Text Block [Abstract]
Capital management	Note 15 Capital management Regulatory capital and capital ratios OSFI formally establishes risk-based capital and leverage minimums and Total Loss Absorbing Capacity (TLAC) ratios for deposit-taking institutions in Canada. During the third As at (Millions of Canadian dollars, except percentage amounts and as otherwise noted) July 31 2024 October 31 2023 Capital (1), (2) CET1 capital $ 86,230 $ 86,611 Tier 1 capital 95,724 93,904 Total capital 108,079 104,952 Risk-weighted assets (RWA) used in calculation of capital ratios (1), (2) Credit risk $ 540,482 $ 475,842 Market risk 32,920 40,498 Operational risk 87,775 79,883 Total RWA $ 661,177 $ 596,223 Capital ratios and Leverage ratio (1), (2) CET1 ratio 13.0% 14.5% Tier 1 capital ratio 14.5% 15.7% Total capital ratio 16.3% 17.6% Leverage ratio 4.2% 4.3% Leverage ratio exposure $ 2,271,007 $ 2,179,590 TLAC available and ratios (1), (3) TLAC available $ 187,656 $ 184,916 TLAC ratio 28.4% 31.0% TLAC leverage ratio 8.3% 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 period ended October 31, 2023 reflects 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 July 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)	9 Months Ended
	Jul. 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 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 income – Insurance service result immediately. For reinsurance contracts held, the CSM represents the net cost or net gain of purchasing reinsurance. The CSM for insurance and reinsurance contacts are released into income based on coverage units, which represent the quantity of service (insurance coverage as well as investment-return and investment-related services) provided by a group of contracts and are determined by considering the quantity of benefits provided under each contract and the expected coverage duration. Under the GMM, the CSM is adjusted for interest accretion using the discount rates that were locked-in at initial recognition of the groups or the discount rates that were locked-in at the transition date for groups where the fair value approach was applied. Under the VFA, the CSM is adjusted for changes in the amount of our share of the fair value of the underlying items, while the changes to the fair value of the underlying items, reflecting changes in the obligation to pay the policyholder, are recognized in Non-interest income – Insurance investment result. 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 s • 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, 2022 was $1.8 billion. 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 contract 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. Future changes in accounting policies and disclosures IFRS 18 Presentation and Disclosure in Financial Statements (IFRS 18) In April 2024, the IASB issued IFRS 18 which sets out requirements for the presentation and disclosure of information in the financial statements. IFRS 18 will replace IAS 1 Presentation of Financial Statements Amendments to the Classification and Measurement of Financial Instruments In May 2024, the IASB issued Amendments to the Classification and Measurement of Financial Instruments Financial Instruments Financial Instruments: Disclosures Updates related to interest rate benchmark reform As part of the interest rate benchmark reform, the publication of all remaining Canadian Dollar Offered Rate (CDOR) settings ceased on June 28, 2024 and relatedly, we have ceased Bankers’ Acceptance-based lending. As at July 31, 2024, and consistent with our transition plan, our exposure to financial instruments referencing CDOR and interest rates substantially similar to CDOR are no longer material to our Condensed Financial Statements.

Summary of significant accoun_3

Summary of significant accounting policies, estimates and judgments (Tables)	9 Months Ended
	Jul. 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 contract 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)	9 Months Ended
Fair value of financial instruments (Tables)	Jul. 31, 2024
Text Block [Abstract]
Summary of Comparison of Carrying and Fair Values for Each Classification of Financial Instrument	As at July 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 $ – $ 48,443 $ – $ – $ 8,966 $ 8,966 $ 57,409 $ 57,409 Securities Trading 179,354 1,087 – – – – 180,441 180,441 Investment, net of applicable allowance – – 150,499 1,178 99,067 95,027 250,744 246,704 179,354 1,087 150,499 1,178 99,067 95,027 431,185 427,145 Assets purchased under reverse repurchase agreements and securities borrowed 264,532 – – – 60,869 60,869 325,401 325,401 Loans, net of applicable allowance Retail 638 – 540 – 615,043 608,916 616,221 610,094 Wholesale 8,908 2,312 991 – 343,365 338,324 355,576 350,535 9,546 2,312 1,531 – 958,408 947,240 971,797 960,629 Other Derivatives 115,659 – – – – – 115,659 115,659 Other assets (1) 9,627 9 – – 47,889 47,889 57,525 57,525 Financial liabilities Deposits Personal $ 356 $ 31,607 $ 478,579 $ 478,843 $ 510,542 $ 510,806 Business and government (2) 174 148,652 660,554 661,586 809,380 810,412 Bank (3) – 9,320 32,023 32,028 41,343 41,348 530 189,579 1,171,156 1,172,457 1,361,265 1,362,566 Other Obligations related to securities sold short 33,972 – – – 33,972 33,972 Obligations related to assets sold under repurchase agreements and securities loaned – 266,457 37,916 37,916 304,373 304,373 Derivatives 126,884 – – – 126,884 126,884 Other liabilities (4) (1,275 ) 2 66,515 66,781 65,242 65,508 Subordinated debentures – – 13,437 13,469 13,437 13,469 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 securities borrowed 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 hiera rch As at July 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 $ – $ 48,443 $ – $ $ 48,443 $ – $ 60,856 $ – $ $ 60,856 Securities Trading Debt issued or guaranteed by: Canadian government (1) Federal 22,324 1,816 – 24,140 26,675 2,581 – 29,256 Provincial and municipal – 14,395 – 14,395 – 16,389 – 16,389 U.S. federal, state, municipal and agencies (1), (2) 255 32,359 – 32,614 2,249 50,439 – 52,688 Other OECD government (3) 2,502 2,532 – 5,034 2,055 2,577 – 4,632 Mortgage-backed securities (1) – 2 – 2 – 2 – 2 Asset-backed securities – 1,399 – 1,399 – 1,245 – 1,245 Corporate debt and other debt – 24,295 – 24,295 – 22,615 – 22,615 Equities 73,848 2,278 2,436 78,562 58,826 2,232 2,266 63,324 98,929 79,076 2,436 180,441 89,805 98,080 2,266 190,151 Investment Debt issued or guaranteed by: Canadian government (1) Federal 6,664 8,064 – 14,728 2,731 3,528 – 6,259 Provincial and municipal – 5,207 – 5,207 – 2,748 – 2,748 U.S. federal, state, municipal and agencies (1) – 79,096 – 79,096 275 73,020 – 73,295 Other OECD government 3,351 6,884 – 10,235 – 6,192 – 6,192 Mortgage-backed securities (1) – 2,460 29 2,489 – 2,672 29 2,701 Asset-backed securities – 9,440 – 9,440 – 8,706 – 8,706 Corporate debt and other debt – 29,158 146 29,304 – 27,574 149 27,723 Equities 389 305 484 1,178 38 338 466 842 10,404 140,614 659 151,677 3,044 124,778 644 128,466 Assets purchased under reverse repurchase agreements and securities borrowed – 264,532 – 264,532 – 285,869 – 285,869 Loans – 11,575 1,814 13,389 – 8,742 1,859 10,601 Other Derivatives Interest rate contracts – 29,458 370 29,828 – 39,243 290 39,533 Foreign exchange contracts – 64,242 1 64,243 – 89,644 4 89,648 Credit derivatives – 217 – 217 – 224 – 224 Other contracts 3,344 20,123 28 23,495 2,352 13,927 111 16,390 Valuation adjustments – (934 ) 2 (932 ) – (1,805 ) 4 (1,801 ) Total gross derivatives 3,344 113,106 401 116,851 2,352 141,233 409 143,994 Netting adjustments (1,192 ) (1,192 ) (1,544 ) (1,544 ) Total derivatives 115,659 142,450 Other assets 5,010 4,618 8 9,636 4,152 3,421 11 7,584 $ 117,687 $ 661,964 $ 5,318 $ (1,192 ) $ 783,777 $ 99,353 $ 722,979 $ 5,189 $ (1,544 ) $ 825,977 Financial liabilities Deposits Personal $ – $ 31,355 $ 608 $ $ 31,963 $ – $ 26,428 $ 383 $ $ 26,811 Business and government – 148,826 – 148,826 – 137,628 – 137,628 Bank – 9,320 – 9,320 – 11,462 – 11,462 Other Obligations related to securities sold short 14,892 19,080 – 33,972 14,391 19,260 – 33,651 Obligations related to assets sold under repurchase agreements and securities loaned – 266,457 – 266,457 – 298,679 – 298,679 Derivatives Interest rate contracts – 26,245 918 27,163 – 41,249 952 42,201 Foreign exchange contracts – 60,103 47 60,150 – 81,750 53 81,803 Credit derivatives – 239 – 239 – 176 – 176 Other contracts 4,357 35,907 424 40,688 3,119 17,306 549 20,974 Valuation adjustments – (156 ) (8 ) (164 ) – (982 ) 1 (981 ) Total gross derivatives 4,357 122,338 1,381 128,076 3,119 139,499 1,555 144,173 Netting adjustments (1,192 ) (1,192 ) (1,544 ) (1,544 ) Total derivatives 126,884 142,629 Other liabilities 261 (1,534 ) – (1,273 ) 370 (1,296 ) – (926 ) $ 19,510 $ 595,842 $ 1,989 $ (1,192 ) $ 616,149 $ 17,880 $ 631,660 $ 1,938 $ (1,544 ) $ 649,934 (1) As at July 31, 2024, residential and commercial mortgage-backed securities (MBS) included in all fair value levels of trading securities were $16,394 million and $nil (October 31, 2023 – $14,345 million and $nil), respectively, and in all fair value levels of Investment securities were $26,766 million and $2,421 million (October 31, 2023 – $24,365 million and $2,618 million), respectively. (2) United States (U.S.). (3) Organisation for Economic Co-operation
Changes in Fair Value Measurement for Instruments Measured on a Recurring Basis and Categorized in Level 3	Changes in fair value measurement for instruments measured on a recurring basis and categorized in Level 3 For the three months ended July 31, 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 – – – – – – – – – Corporate debt and other debt – – – – – – – – – Equities 2,392 (136 ) 2 216 (38 ) 1 (1 ) 2,436 (117 ) 2,392 (136 ) 2 216 (38 ) 1 (1 ) 2,436 (117 ) Investment Mortgage-backed securities 30 – (1 ) – – – – 29 n.a. Corporate debt and other debt 144 – 6 – (4 ) – – 146 n.a. Equities 476 – 11 – (3 ) – – 484 n.a. 650 – 16 – (7 ) – – 659 n.a. Loans 1,837 (33 ) 21 78 (84 ) 9 (14 ) 1,814 (30 ) Other Net derivative balances (3) Interest rate contracts (647 ) 43 – (66 ) 122 18 (18 ) (548 ) 43 Foreign exchange contracts (27 ) (9 ) 1 (1 ) – – (10 ) (46 ) (9 ) Other contracts (298 ) (24 ) (1 ) (11 ) 4 (198 ) 132 (396 ) (13 ) Valuation adjustments (6 ) – – – 16 – – 10 – Other assets 9 – – – (1 ) – – 8 – $ 3,910 $ (159 ) $ 39 $ 216 $ 12 $ (170 ) $ 89 $ 3,937 $ (126 ) Liabilities Deposits $ (633 ) $ (39 ) $ – $ (60 ) $ 38 $ (3 ) $ 89 $ (608 ) $ (23 ) $ (633 ) $ (39 ) $ – $ (60 ) $ 38 $ (3 ) $ 89 $ (608 ) $ (23 ) For the three months ended July 31, 2023 (Millions of Canadian dollars) Fair value Gains (losses) Gains (losses) Purchases Settlement Transfers Transfers Fair value Gains Assets Securities Trading Debt issued or guaranteed by: U.S. state, municipal and agencies $ – $ – $ – $ – $ – $ – $ – $ – $ – Asset-backed securities – – – – – – – – – Corporate debt and other debt 19 – – – (16 ) – (3 ) – – Equities 2,177 (37 ) (28 ) 70 (9 ) 6 – 2,179 (13 ) 2,196 (37 ) (28 ) 70 (25 ) 6 (3 ) 2,179 (13 ) Investment Mortgage-backed securities 27 – 3 – – – – 30 n.a. Corporate debt and other debt 150 – (9 ) – – – – 141 n.a. Equities 436 – (6 ) 1 – – – 431 n.a. 613 – (12 ) 1 – – – 602 n.a. Loans 2,410 (28 ) (58 ) 61 (71 ) 2 (5 ) 2,311 (13 ) Other Net derivative balances (3) Interest rate contracts (638 ) (14 ) 1 1 19 7 (8 ) (632 ) (8 ) Foreign exchange contracts (56 ) 3 (1 ) (9 ) 11 – 6 (46 ) 2 Other contracts (413 ) (43 ) 11 (23 ) 17 (37 ) 47 (441 ) (45 ) Valuation adjustments 16 – – – (5 ) – – 11 – Other assets 13 – – – (2 ) – – 11 – $ 4,141 $ (119 ) $ (87 ) $ 101 $ (56 ) $ (22 ) $ 37 $ 3,995 $ (77 ) Liabilities Deposits $ (250 ) $ 1 $ 1 $ (80 ) $ 13 $ (16 ) $ 50 $ (281 ) $ 5 $ (250 ) $ 1 $ 1 $ (80 ) $ 13 $ (16 ) $ 50 $ (281 ) $ 5 For the nine months ended July 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 – – – – – – – – – Corporate debt and other debt – – – – – – – – – Equities 2,266 (190 ) (6 ) 445 (78 ) 1 (2 ) 2,436 (149 ) 2,266 (190 ) (6 ) 445 (78 ) 1 (2 ) 2,436 (149 ) Investment Mortgage-backed securities 29 – – – – – – 29 n.a. Corporate debt and other debt 149 – 10 – (13 ) – – 146 n.a. Equities 466 – 16 3 (3 ) 2 – 484 n.a. 644 – 26 3 (16 ) 2 – 659 n.a. Loans 1,859 (87 ) 25 445 (324 ) 50 (154 ) 1,814 (81 ) Other Net derivative balances (3) Interest rate contracts (662 ) 46 – (80 ) 135 30 (17 ) (548 ) 55 Foreign exchange contracts (49 ) (10 ) 6 14 3 2 (12 ) (46 ) (3 ) Other contracts (438 ) (139 ) 5 (59 ) 5 (284 ) 514 (396 ) 1 Valuation adjustments 3 – – (1 ) 8 – – 10 – Other assets 11 – – – (3 ) – – 8 – $ 3,634 $ (380 ) $ 56 $ 767 $ (270 ) $ (199 ) $ 329 $ 3,937 $ (177 ) Liabilities Deposits $ (383 ) $ (90 ) $ 1 $ (417 ) $ 76 $ (93 ) $ 298 $ (608 ) $ (44 ) $ (383 ) $ (90 ) $ 1 $ (417 ) $ 76 $ (93 ) $ 298 $ (608 ) $ (44 ) For the nine months ended July 31, 2023 (Millions of Canadian dollars) Fair value Gains (losses) Gains (losses) Purchases Settlement Transfers Transfers Fair value Gains Assets Securities Trading Debt issued or guaranteed by: U.S. state, municipal and agencies $ 4 $ – $ – $ – $ (4 ) $ – $ – $ – $ – Asset-backed securities 2 – – – (2 ) – – – – Corporate debt and other debt 7 – – 2 (16 ) 17 (10 ) – – Equities 1,874 (159 ) (34 ) 491 (41 ) 48 – 2,179 (130 ) 1,887 (159 ) (34 ) 493 (63 ) 65 (10 ) 2,179 (130 ) Investment Mortgage-backed securities 28 – 1 1 – – – 30 n.a. Corporate debt and other debt 151 – (2 ) – (8 ) – – 141 n.a. Equities 397 – 34 1 (1 ) – – 431 n.a. 576 – 33 2 (9 ) – – 602 n.a. Loans 1,692 (54 ) (35 ) 1,300 (452 ) 30 (170 ) 2,311 – Other Net derivative balances (3) Interest rate contracts (859 ) (10 ) 6 (7 ) 194 30 14 (632 ) (9 ) Foreign exchange contracts (132 ) 4 10 (8 ) 48 – 32 (46 ) (2 ) Other contracts (785 ) (6 ) 21 (61 ) 83 (96 ) 403 (441 ) (35 ) Valuation adjustments 53 – – – (42 ) – – 11 – Other assets 15 – – – (4 ) – – 11 – $ 2,447 $ (225 ) $ 1 $ 1,719 $ (245 ) $ 29 $ 269 $ 3,995 $ (176 ) Liabilities Deposits $ (241 ) $ (26 ) $ 1 $ (157 ) $ 19 $ (67 ) $ 190 $ (281 ) $ (8 ) $ (241 ) $ (26 ) $ 1 $ (157 ) $ 19 $ (67 ) $ 190 $ (281 ) $ (8 ) (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 OCI were $ (2) Other includes amortization of premiums or discounts recognized in net income. (3) Net derivatives as at July 31, 2024 included derivative assets of $401 million (July 31, 2023 – $345 million) and derivative liabilities of $1,381 million (July 31, 2023 – $1,453 million). n.a. not applicable
Summary of Net Interest Income From Financial Instruments	Net interest income from financial instruments Interest and dividend income arising from financial assets and financial liabilities and the associated costs of funding are reported in Net interest income. For the three months ended For the nine months ended (Millions of Canadian dollars) July 31 2024 July 31 2023 July 31 2024 July 31 2023 Interest and dividend income (1), (2) Financial instruments measured at fair value through profit or loss $ 8,678 $ 8,546 $ 27,583 $ 22,203 Financial instruments measured at fair value through other comprehensive income 1,927 1,383 5,162 3,439 Financial instruments measured at amortized cost 16,485 12,905 45,708 36,847 27,090 22,834 78,453 62,489 Interest expense (1) Financial instruments measured at fair value through profit or loss 8,432 7,531 26,227 20,046 Financial instruments measured at amortized cost 11,331 9,017 31,944 23,856 19,763 16,548 58,171 43,902 Net interest income $ 7,327 $ 6,286 $ 20,282 $ 18,587 (1) Excludes interest and dividend income for the three months ended July 31, 2024 of $222 million (July 31, 2023 – $186 million ) ), million million million (2) Includes dividend income for the three months ended July 31, 2024 of $778 million

Securities (Tables)

Securities (Tables)	9 Months Ended
Securities (Tables)	Jul. 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 July 31, 2024 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 $ 14,725 $ 29 $ (26 ) $ 14,728 $ 6,609 $ 1 $ (351 ) $ 6,259 Provincial and municipal 5,216 31 (40 ) 5,207 3,396 2 (650 ) 2,748 U.S. federal, state, municipal and agencies 80,327 423 (1,654 ) 79,096 75,326 343 (2,374 ) 73,295 Other OECD government 10,271 11 (47 ) 10,235 6,200 1 (9 ) 6,192 Mortgage-backed securities 2,514 1 (26 ) 2,489 2,762 – (61 ) 2,701 Asset-backed securities 9,422 24 (6 ) 9,440 8,752 5 (51 ) 8,706 Corporate debt and other debt 29,248 116 (60 ) 29,304 27,774 44 (95 ) 27,723 Equities 720 463 (5 ) 1,178 493 357 (8 ) 842 $ 152,443 $ 1,098 $ (1,864 ) $ 151,677 $ 131,312 $ 753 $ (3,599 ) $ 128,466 (1) Excludes $99,067 million of held-to-collect securities as at July 31, 2024 that are carried at amortized cost, net of allowance for credit losses (October 31, 2023 – $91,113 million). (2) Gross unrealized gains and losses includes $(35) million of allowance for credit losses on debt securities at FVOCI as at July 31, 2024 (October 31, 2023 – $(33) million) recognized in income and Other components of equity. (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 July 31, 2024 July 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 $ 6 $ – $ (39 ) $ (33 ) $ 3 $ 2 $ (25 ) $ (20 ) Provision for credit losses Transfers to stage 1 – – – – 1 (1 ) – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 2 – – 2 1 – – 1 Sales and maturities (1 ) – – (1 ) – (1 ) – (1 ) Changes in risk, parameters and exposures (2 ) – (2 ) (4 ) (2 ) (1 ) (2 ) (5 ) Exchange rate and other – – 1 1 – 1 1 2 Balance at end of period $ 5 $ – $ (40 ) $ (35 ) $ 3 $ – $ (26 ) $ (23 ) For the nine months ended July 31, 2024 July 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 – – – – 1 (1 ) – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 8 – – 8 4 – – 4 Sales and maturities (3 ) – – (3 ) (1 ) (1 ) – (2 ) Changes in risk, parameters and exposures (5 ) – (6 ) (11 ) (3 ) 1 (7 ) (9 ) Exchange rate and other 1 – 3 4 (1 ) – 4 3 Balance at end of period $ 5 $ – $ (40 ) $ (35 ) $ 3 $ – $ (26 ) $ (23 ) (1) Expected credit losses on debt securities at FVOCI are not separately recognized on the balance sheet as the related securities are recorded at fair value. The cumulative amount of credit losses recognized in income is presented in Other components of equity. (2) Reflects changes in the allowance for purchased credit impaired securities. Allowance for credit losses – securities at amortized cost For the three months ended July 31, 2024 July 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 $ 13 $ – $ 21 $ 9 $ 13 $ – $ 22 Provision for credit losses Transfers to stage 1 – – – – – – – – Transfers to stage 2 – – – – – – – – Transfers to stage 3 – – – – – – – – Purchases 2 – – 2 3 – – 3 Sales and maturities (2 ) – – (2 ) – – – – Changes in risk, parameters and exposures – (2 ) – (2 ) (1 ) 2 – 1 Exchange rate and other (1 ) 1 – – (1 ) (1 ) – (2 ) Balance at end of period $ 7 $ 12 $ – $ 19 $ 10 $ 14 $ – $ 24 For the nine months ended July 31, 2024 July 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 6 – – 6 8 – – 8 Sales and maturities (2 ) – – (2 ) – – – – Changes in risk, parameters and exposures (4 ) (3 ) – (7 ) (6 ) 1 – (5 ) Exchange rate and other ( 1 ) – – (1 ) – (1 ) – (1 ) Balance at end of period $ 7 $ 12 $ – $ 19 $ 10 $ 14 $ – $ 24
Summary of Credit risk exposure on Investment Securities by internal risk rating	As at July 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 $ 149,556 $ 8 $ – $ 149,564 $ 126,732 $ 1 $ – $ 126,733 Non-investment grade 789 – – 789 742 – – 742 Impaired – – 146 146 – – 149 149 150,345 8 146 150,499 127,474 1 149 127,624 Items not subject to impairment (2) 1,178 842 $ 151,677 $ 128,466 Securities at amortized cost Investment grade $ 98,182 $ – $ – $ 98,182 $ 89,947 $ – $ – $ 89,947 Non-investment grade 728 176 – 904 990 199 – 1,189 Impaired – – – – – – – – 98,910 176 – 99,086 90,937 199 – 91,136 Allowance for credit losses 7 12 – 19 8 15 – 23 $ 98,903 $ 164 $ – $ 99,067 $ 90,929 $ 184 $ – $ 91,113 (1) Reflects $146 million of purchased credit impaired securities (October 31, 2023 – $149 million). (2) Investment securities at FVOCI not subject to impairment represent equity securities designated as FVOCI.

Loans and allowance for credi_2

Loans and allowance for credit losses (Tables)	9 Months Ended
Loans and allowance for credit losses (Tables)	Jul. 31, 2024
Text Block [Abstract]
Disclosure of Allowance for Credit Losses	Allowance for credit losses For the three months ended July 31, 2024 July 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 $ 569 $ 36 $ (2 ) $ (4 ) $ 599 $ 480 $ (5 ) $ (4 ) $ (8 ) $ 463 Personal 1,371 188 (154 ) (8 ) 1,397 1,165 97 (106 ) (4 ) 1,152 Credit cards 1,139 169 (155 ) 3 1,156 980 154 (117 ) – 1,017 Small business 230 46 (24 ) (6 ) 246 225 23 (11 ) (2 ) 235 Wholesale 2,714 246 (202 ) (50 ) 2,708 1,886 349 (117 ) (67 ) 2,051 Customers’ liability under acceptances 51 (20 ) – 1 32 41 1 – (1 ) 41 $ 6,074 $ 665 $ (537 ) $ (64 ) $ 6,138 $ 4,777 $ 619 $ (355 ) $ (82 ) $ 4,959 Presented as: Allowance for loan losses $ 5,715 $ 5,798 $ 4,332 $ 4,495 Other liabilities – Provisions 302 303 397 416 Customers’ liability under acceptances 51 32 41 41 Other components of equity 6 5 7 7 For the nine months ended July 31, 2024 July 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 $ 138 $ (8 ) $ (12 ) $ 599 $ 432 $ 57 $ (13 ) $ (13 ) $ 463 Personal 1,228 603 (427 ) (7 ) 1,397 1,043 402 (287 ) (6 ) 1,152 Credit cards 1,069 575 (490 ) 2 1,156 893 459 (334 ) (1 ) 1,017 Small business 194 122 (58 ) (12 ) 246 194 70 (27 ) (2 ) 235 Wholesale 2,326 980 (484 ) (114 ) 2,708 1,574 779 (188 ) (114 ) 2,051 Customers’ liability under acceptances 50 (19 ) – 1 32 45 (4 ) – – 41 $ 5,348 $ 2,399 $ (1,467 ) $ (142 ) $ 6,138 $ 4,181 $ 1,763 $ (849 ) $ (136 ) $ 4,959 Presented as: Allowance for loan losses $ 5,004 $ 5,798 $ 3,753 $ 4,495 Other liabilities – Provisions 288 303 378 416 Customers’ liability under acceptances 50 32 45 41 Other components of equity 6 5 5 7
Summary of Allowance for Credit Losses by Stage, for Each Major Product Category	Allowance for credit losses – Retail and wholesale loans For the three months ended July 31, 2024 July 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 $ 245 $ 118 $ 206 $ 569 $ 238 $ 103 $ 139 $ 480 Provision for credit losses Transfers to stage 1 39 (37 ) (2 ) – 38 (38 ) – – Transfers to stage 2 (8 ) 8 – – (4 ) 6 (2 ) – Transfers to stage 3 (2 ) (13 ) 15 – – (4 ) 4 – Originations 21 – – 21 22 – – 22 Maturities (5 ) (6 ) – (11 ) (4 ) (4 ) – (8 ) Changes in risk, parameters and exposures (66 ) 68 24 26 (63 ) 29 15 (19 ) Write-offs – – (6 ) (6 ) – – (7 ) (7 ) Recoveries – – 4 4 – – 3 3 Exchange rate and other (1 ) 1 (4 ) (4 ) – (2 ) (6 ) (8 ) Balance at end of period $ 223 $ 139 $ 237 $ 599 $ 227 $ 90 $ 146 $ 463 Personal Balance at beginning of period $ 296 $ 887 $ 188 $ 1,371 $ 298 $ 747 $ 120 $ 1,165 Provision for credit losses Transfers to stage 1 149 (148 ) (1 ) – 177 (177 ) – – Transfers to stage 2 (17 ) 18 (1 ) – (20 ) 21 (1 ) – Transfers to stage 3 (2 ) (36 ) 38 – – (13 ) 13 – Originations 27 – – 27 31 – – 31 Maturities (12 ) (48 ) – (60 ) (10 ) (32 ) – (42 ) Changes in risk, parameters and exposures (141 ) 226 136 221 (182 ) 189 101 108 Write-offs – – (190 ) (190 ) – – (135 ) (135 ) Recoveries – – 36 36 – – 29 29 Exchange rate and other 3 (4 ) (7 ) (8 ) (2 ) 1 (3 ) (4 ) Balance at end of period $ 303 $ 895 $ 199 $ 1,397 $ 292 $ 736 $ 124 $ 1,152 Credit cards Balance at beginning of period $ 192 $ 947 $ – $ 1,139 $ 199 $ 781 $ – $ 980 Provision for credit losses Transfers to stage 1 151 (151 ) – – 120 (120 ) – – Transfers to stage 2 (26 ) 26 – – (31 ) 31 – – Transfers to stage 3 (1 ) (127 ) 128 – – (103 ) 103 – Originations 10 – – 10 3 – – 3 Maturities (1 ) (15 ) – (16 ) (3 ) (9 ) – (12 ) Changes in risk, parameters and exposures (123 ) 270 28 175 (92 ) 241 14 163 Write-offs – – (210 ) (210 ) – – (164 ) (164 ) Recoveries – – 55 55 – – 47 47 Exchange rate and other 2 2 (1 ) 3 – – – – Balance at end of period $ 204 $ 952 $ – $ 1,156 $ 196 $ 821 $ – $ 1,017 Small business Balance at beginning of period $ 74 $ 78 $ 78 $ 230 $ 76 $ 79 $ 70 $ 225 Provision for credit losses Transfers to stage 1 15 (15 ) – – 9 (9 ) – – Transfers to stage 2 (5 ) 5 – – (4 ) 4 – – Transfers to stage 3 – (1 ) 1 – 1 (3 ) 2 – Originations 11 – – 11 12 – – 12 Maturities (5 ) (5 ) – (10 ) (4 ) (4 ) – (8 ) Changes in risk, parameters and exposures (10 ) 14 41 45 (13 ) 11 21 19 Write-offs – – (27 ) (27 ) – – (14 ) (14 ) Recoveries – – 3 3 – – 3 3 Exchange rate and other – 1 (7 ) (6 ) 1 – (3 ) (2 ) Balance at end of period $ 80 $ 77 $ 89 $ 246 $ 78 $ 78 $ 79 $ 235 Wholesale Balance at beginning of period $ 757 $ 924 $ 1,033 $ 2,714 $ 668 $ 632 $ 586 $ 1,886 Provision for credit losses Transfers to stage 1 101 (101 ) – – 45 (44 ) (1 ) – Transfers to stage 2 (26 ) 29 (3 ) – (28 ) 29 (1 ) – Transfers to stage 3 (1 ) (7 ) 8 – (3 ) (17 ) 20 – Originations 150 – – 150 169 – – 169 Maturities (96 ) (109 ) – (205 ) (129 ) (76 ) – (205 ) Changes in risk, parameters and exposures (108 ) 198 211 301 (34 ) 208 211 385 Write-offs – – (211 ) (211 ) – – (126 ) (126 ) Recoveries – – 9 9 – – 9 9 Exchange rate and other 1 1 (52 ) (50 ) (10 ) (10 ) (47 ) (67 ) Balance at end of period $ 778 $ 935 $ 995 $ 2,708 $ 678 $ 722 $ 651 $ 2,051 For the nine months ended July 31, 2024 July 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 72 (70 ) (2 ) – 70 (70 ) – – Transfers to stage 2 (18 ) 26 (8 ) – (23 ) 31 (8 ) – Transfers to stage 3 (4 ) (29 ) 33 – (1 ) (9 ) 10 – Originations (1) 72 – – 72 65 – – 65 Maturities (13 ) (13 ) – (26 ) (12 ) (6 ) – (18 ) Changes in risk, parameters and exposures (110 ) 135 67 92 (107 ) 80 37 10 Write-offs – – (17 ) (17 ) – – (23 ) (23 ) Recoveries – – 9 9 – – 10 10 Exchange rate and other 1 – (13 ) (12 ) – (1 ) (12 ) (13 ) Balance at end of period $ 223 $ 139 $ 237 $ 599 $ 227 $ 90 $ 146 $ 463 Personal Balance at beginning of period $ 280 $ 793 $ 155 $ 1,228 $ 285 $ 661 $ 97 $ 1,043 Provision for credit losses Transfers to stage 1 408 (407 ) (1 ) – 474 (473 ) (1 ) – Transfers to stage 2 (54 ) 57 (3 ) – (63 ) 65 (2 ) – Transfers to stage 3 (3 ) (95 ) 98 – (1 ) (38 ) 39 – Originations (1) 88 – – 88 79 – – 79 Maturities (33 ) (134 ) – (167 ) (32 ) (82 ) – (114 ) Changes in risk, parameters and exposures (383 ) 681 384 682 (450 ) 604 283 437 Write-offs – – (525 ) (525 ) – – (371 ) (371 ) Recoveries – – 98 98 – – 84 84 Exchange rate and other – – (7 ) (7 ) – (1 ) (5 ) (6 ) Balance at end of period $ 303 $ 895 $ 199 $ 1,397 $ 292 $ 736 $ 124 $ 1,152 Credit cards Balance at beginning of period $ 203 $ 866 $ – $ 1,069 $ 177 $ 716 $ – $ 893 Provision for credit losses Transfers to stage 1 426 (426 ) – – 409 (409 ) – – Transfers to stage 2 (81 ) 81 – – (73 ) 73 – – Transfers to stage 3 (2 ) (353 ) 355 – (1 ) (295 ) 296 – Originations (1) 23 – – 23 10 – – 10 Maturities (3 ) (36 ) – (39 ) (5 ) (24 ) – (29 ) Changes in risk, parameters and exposures (364 ) 819 136 591 (320 ) 760 38 478 Write-offs – – (670 ) (670 ) – – (465 ) (465 ) Recoveries – – 180 180 – – 131 131 Exchange rate and other 2 1 (1 ) 2 (1 ) – – (1 ) Balance at end of period $ 204 $ 952 $ – $ 1,156 $ 196 $ 821 $ – $ 1,017 Small business Balance at beginning of period $ 70 $ 66 $ 58 $ 194 $ 73 $ 73 $ 48 $ 194 Provision for credit losses Transfers to stage 1 27 (27 ) – – 27 (27 ) – – Transfers to stage 2 (14 ) 14 – – (11 ) 11 – – Transfers to stage 3 – (6 ) 6 – – (7 ) 7 – Originations (1) 31 – – 31 28 – – 28 Maturities (12 ) (15 ) – (27 ) (11 ) (14 ) – (25 ) Changes in risk, parameters and exposures (23 ) 44 97 118 (31 ) 39 59 67 Write-offs – – (67 ) (67 ) – – (35 ) (35 ) Recoveries – – 9 9 – – 8 8 Exchange rate and other 1 1 (14 ) (12 ) 3 3 (8 ) (2 ) Balance at end of period $ 80 $ 77 $ 89 $ 246 $ 78 $ 78 $ 79 $ 235 Wholesale Balance at beginning of period $ 774 $ 785 $ 767 $ 2,326 $ 597 $ 585 $ 392 $ 1,574 Provision for credit losses Transfers to stage 1 203 (202 ) (1 ) – 145 (144 ) (1 ) – Transfers to stage 2 (121 ) 128 (7 ) – (63 ) 65 (2 ) – Transfers to stage 3 (5 ) (54 ) 59 – (7 ) (44 ) 51 – Originations (1) 519 – – 519 481 – – 481 Maturities (288 ) (291 ) – (579 ) (345 ) (205 ) – (550 ) Changes in risk, parameters and exposures (299 ) 572 767 1,040 (120 ) 477 491 848 Write-offs – – (521 ) (521 ) – – (212 ) (212 ) Recoveries – – 37 37 – – 24 24 Exchange rate and other (5 ) (3 ) (106 ) (114 ) (10 ) (12 ) (92 ) (114 ) Balance at end of period $ 778 $ 935 $ 995 $ 2,708 $ 678 $ 722 $ 651 $ 2,051 (1) Includes the impact of the HSBC Canada transaction. Refer to Note 6 for further details.
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 July 31, 2024 October 31, 2023 (Millions of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 (1) Total Retail Loans outstanding – Residential mortgages Low risk $ 385,811 $ 1,901 $ – $ 387,712 $ 349,001 $ 1,630 $ – $ 350,631 Medium risk 17,571 4,694 – 22,265 19,126 1,610 – 20,736 High risk 1,606 6,280 – 7,886 1,582 4,927 – 6,509 Not rated (2) 52,620 1,417 – 54,037 54,247 1,220 – 55,467 Impaired – – 1,102 1,102 – – 682 682 457,608 14,292 1,102 473,002 423,956 9,387 682 434,025 Items not subject to impairment (3) 638 476 Total $ 473,640 $ 434,501 Loans outstanding – Personal Low risk $ 80,735 $ 1,682 $ – $ 82,417 $ 75,572 $ 1,676 $ – $ 77,248 Medium risk 6,079 2,913 – 8,992 5,587 2,915 – 8,502 High risk 585 2,190 – 2,775 477 2,088 – 2,565 Not rated (2) 10,580 418 – 10,998 9,982 157 – 10,139 Impaired – – 406 406 – – 280 280 Total $ 97,979 $ 7,203 $ 406 $ 105,588 $ 91,618 $ 6,836 $ 280 $ 98,734 Loans outstanding – Credit cards Low risk $ 17,217 $ 159 $ – $ 17,376 $ 16,331 $ 135 $ – $ 16,466 Medium risk 2,009 2,257 – 4,266 1,771 2,132 – 3,903 High risk 74 2,077 – 2,151 41 1,734 – 1,775 Not rated (2) 1,153 51 – 1,204 856 35 – 891 Total $ 20,453 $ 4,544 $ – $ 24,997 $ 18,999 $ 4,036 $ – $ 23,035 Loans outstanding – Small business Low risk $ 9,542 $ 800 $ – $ 10,342 $ 8,641 $ 920 $ – $ 9,561 Medium risk 2,609 903 – 3,512 2,238 936 – 3,174 High risk 178 898 – 1,076 99 592 – 691 Not rated (2) 5 – – 5 11 – – 11 Impaired – – 292 292 – – 244 244 Total $ 12,334 $ 2,601 $ 292 $ 15,227 $ 10,989 $ 2,448 $ 244 $ 13,681 Undrawn loan commitments – Retail Low risk $ 285,812 $ 721 $ – $ 286,533 $ 266,209 $ 610 $ – $ 266,819 Medium risk 12,011 359 – 12,370 10,759 298 – 11,057 High risk 922 535 – 1,457 956 434 – 1,390 Not rated (2) 7,284 34 – 7,318 6,686 138 – 6,824 Total $ 306,029 $ 1,649 $ – $ 307,678 $ 284,610 $ 1,480 $ – $ 286,090 Wholesale – Loans outstanding Investment grade $ 114,675 $ 1,494 $ – $ 116,169 $ 89,037 $ 416 $ – $ 89,453 Non-investment grade 189,433 24,773 – 214,206 156,211 19,210 – 175,421 Not rated (2) 11,822 841 – 12,663 10,968 238 – 11,206 Impaired – – 3,885 3,885 – – 2,498 2,498 315,930 27,108 3,885 346,923 256,216 19,864 2,498 278,578 Items not subject to impairment (3) 11,220 9,248 Total $ 358,143 $ 287,826 Undrawn loan commitments – Wholesale Investment grade $ 337,002 $ 436 $ – $ 337,438 $ 312,178 $ 186 $ – $ 312,364 Non-investment grade 150,933 13,505 – 164,438 130,994 13,947 – 144,941 Not rated (2) 3,600 12 – 3,612 4,176 – – 4,176 Total $ 491,535 $ 13,953 $ – $ 505,488 $ 447,348 $ 14,133 $ – $ 461,481 (1) Includes $124 million of purchased credit-impaired loans acquired in the HSBC Canada transaction. (2) 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. (3) Items not subject to impairment are loans held at FVTPL.
Disclosure of Loans Past Due But Not Impaired	Loans past due but not impaired (1), (2) As at July 31, 2024 October 31, 2023 (Millions of Canadian dollars) 30 to 89 days 90 days Total 30 to 89 days 90 days Total Retail $ 2,335 $ 250 $ 2,585 $ 1,840 $ 208 $ 2,048 Wholesale 1,278 57 1,335 1,823 49 1,872 $ 3,613 $ 307 $ 3,920 $ 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 d_2

Significant acquisition and disposition (Tables)	9 Months Ended
Significant acquisition and disposition (Tables)	Jul. 31, 2024
Text Block [Abstract]
Summary of the Estimated Fair Value of the Assets Acquired and Liabilities Assumed as at the Acquisition Date	The following table presents the estimated fair value of the assets acquired and liabilities assumed as at the acquisition date. The estimates for the fair values of the assets acquired and liabilities assumed may be retroactively adjusted to reflect new information obtained about facts and circumstances that existed as at the acquisition date during the measurement period. (Millions of Canadian dollars, except percentage amounts) Percentage of shares acquired 100% Purchase consideration $ 15,488 Fair value of identifiable assets acquired Cash and due from banks $ 2,772 Securities Trading 1,110 Investment 21,305 Loans (1) Retail (2) 35,353 Wholesale 39,408 Derivatives 3,365 Intangible assets (3) 2,402 Other (4) 2,405 Total fair value of identifiable assets acquired $ 108,120 Fair value of identifiable liabilities assumed Deposits Personal 42,037 Business and government (2) 44,065 Bank 124 Obligations related to assets sold under repurchase agreements and securities loaned 5,664 Derivatives 3,541 Other (5) 3,639 Total fair value of identifiable liabilities assumed $ 99,070 Fair value of identifiable net assets acquired $ 9,050 Goodwill 6,438 Total purchase consideration $ 15,488 (1) The fair value of loans reflects estimates of incurred and expected future credit losses as at the acquisition date and interest rate premiums or discounts relative to prevailing market rates. As at March 28, 2024, the gross contractual value of the loans is $75,920 million. The estimate of contractual cash flows not expected to be collected is $587 million, of which $147 million relates to purchased credit-impaired loans. (2) Loans – Retail includes $1.7 billion of Canadian residential mortgages sold with recourse to a mutual fund that do not qualify for derecognition, and Deposits – Business and government includes $1.7 billion of the related secured borrowing liability. (3) Intangible assets include $1,973 million of core deposit intangibles and $110 million of customer relationships, which are amortized on a straight-line basis over estimated useful lives of 7 years, and $319 million of mutual fund management contracts with indefinite useful lives. (4) Includes Assets purchased under reverse repurchase agreements and securities borrowed, Customers’ liability under acceptances, and Other assets. (5) Includes Acceptances, Obligations related to securities sold short, and Other liabilities.

Deposits (Tables)

Deposits (Tables)	9 Months Ended
Deposits (Tables)	Jul. 31, 2024
Text Block [Abstract]
Summary of Deposit Liabilities	As at July 31, 2024 October 31, 2023 (Millions of Canadian dollars) Demand Notice Term Total Demand (1) Notice (2) Term (3) Total Personal $ 200,990 $ 60,901 $ 248,651 $ 510,542 $ 186,530 $ 57,614 $ 197,802 $ 441,946 Business and government 354,231 19,154 435,995 809,380 316,200 19,056 409,819 745,075 Bank 9,064 677 31,602 41,343 7,996 769 35,901 44,666 $ 564,285 $ 80,732 $ 716,248 $ 1,361,265 $ 510,726 $ 77,439 $ 643,522 $ 1,231,687 Non-interest-bearing (4) Canada $ 141,988 $ 6,604 $ 190 $ 148,782 $ 132,994 $ 6,107 $ 168 $ 139,269 United States 36,139 – – 36,139 40,646 – – 40,646 Europe (5) 15 – – 15 17 – – 17 Other International 7,673 – – 7,673 7,265 – – 7,265 Interest-bearing (4) Canada 347,652 14,320 575,076 937,048 302,746 14,641 493,347 810,734 United States 20,974 58,829 71,272 151,075 16,210 55,895 78,837 150,942 Europe (5) 4,193 905 50,036 55,134 5,353 726 51,812 57,891 Other International 5,651 74 19,674 25,399 5,495 70 19,358 24,923 $ 564,285 $ 80,732 $ 716,248 $ 1,361,265 $ 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 July 31, 2024, deposits denominated in U.S. dollars, British pounds, Euro and other foreign currencies were $476 billion billion billion billion (5) Europe includes the United Kingdom and the Channel Islands.
Summary of Contractual Maturities of Term Deposit Liabilities	Contractual maturities of term deposits (1) As at (Millions of Canadian dollars) July 31 2024 October 31 2023 Within 1 year: less than 3 months $ 198,081 $ 182,373 3 to 6 months 99,948 69,868 6 to 12 months 156,531 151,079 1 to 2 years 82,251 76,232 2 to 3 years 58,623 49,965 3 to 4 years 45,802 36,774 4 to 5 years 24,876 36,506 Over 5 years 50,136 40,725 $ 716,248 $ 643,522 (1) The aggregate amount of term deposits in denominations of one hundred thousand dollars or more is $644 billion billion

Insurance and reinsurance (Tabl

Insurance and reinsurance (Tables)	9 Months Ended
Insurance and reinsurance (Tables)	Jul. 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 As at July 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) $ 1,923 $ (574 ) $ (592 ) $ 757 $ 1,790 $ (544 ) $ (565 ) $ 681 Insurance contract liabilities (3) Insurance contract liabilities for segregated funds $ (3,065 ) $ (19 ) $ (144 ) $ (3,228 ) $ (2,553 ) $ (15 ) $ (64 ) $ (2,632 ) Insurance contract liabilities excluding segregated funds (13,789 ) (1,974 ) (2,162 ) (17,925 ) (11,955 ) (2,308 ) (2,131 ) (16,394 ) $ (16,854 ) $ (1,993 ) $ (2,306) $ (21,153) $ (14,508 ) $ (2,323 ) $ (2,195 ) $ (19,026 ) Reinsurance contract held assets (2), (3) $ 402 $ 533 $ 702 $ 1,637 $ 327 $ 469 $ 786 $ 1,582 Reinsurance contract held liabilities (4) $ (85 ) $ 11 $ 41 $ (33 ) $ (42 ) $ 6 $ 18 $ (18 ) CSM for insurance contracts, $ (2,155 ) $ (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 For the nine months ended (Millions of Canadian dollars) July 31 2024 July 31 2023 (1) July 31 2024 July 31 2023 (1) Insurance service result Insurance revenue $ 1,303 $ 1,165 $ 3,755 $ 3,474 Insurance service expense (1,059 ) (954 ) (3,043 ) (2,737 ) Net income (expense) from reinsurance contracts held (30 ) (62 ) (108 ) (171 ) $ 214 $ 149 $ 604 $ 566 Insurance investment result Net investment income $ 185 $ 168 $ 2,289 $ 1,331 Insurance finance income (expense) (159 ) 55 (2,155 ) (1,246 ) Reinsurance finance income (expense) 2 (72 ) 94 7 $ 28 $ 151 $ 228 $ 92 Insurance service and insurance investment results $ 242 $ 300 $ 832 $ 658 (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 details.

Employee benefits - Pension a_2

Employee benefits - Pension and other post-employment benefits (Tables)	9 Months Ended
	Jul. 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) July 31 2024 July 31 2023 July 31 2024 July 31 2023 Current service costs $ 47 $ 48 $ 9 $ 8 Past service costs – – (6 ) – Net interest expense (income) (37 ) (40 ) 20 19 Remeasurements of other long-term benefits – – (5 ) (1 ) Administrative expense 5 3 – – Defined benefit pension expense 15 11 18 26 Defined contribution pension expense 115 84 – – $ 130 $ 95 $ 18 $ 26 For the nine months ended Pension plans Other post-employment benefit plans (Millions of Canadian dollars) July 31 2024 July 31 2023 July 31 2024 July 31 2023 Current service costs $ 140 $ 146 $ 25 $ 24 Past service costs – – (6 ) – Net interest expense (income) (112 ) (121 ) 60 58 Remeasurements of other long-term benefits – – 4 2 Administrative expense 13 9 – – Defined benefit pension expense 41 34 83 84 Defined contribution pension expense 319 245 – – $ 360 $ 279 $ 83 $ 84
Summary of Composition of Remeasurements Recorded in OCI related to pension and other post employment benefit plans	Pension and other post-employment benefit remeasurements (1) For the three months ended Defined benefit pension plans Other post-employment benefit plans (Millions of Canadian dollars) July 31 2024 July 31 2023 July 31 2024 July 31 2023 Actuarial (gains) losses: Changes in financial assumptions (2) $ 658 $ (483 ) $ 68 $ (45 ) Experience adjustments – 1 3 – Return on plan assets (excluding interest based on discount rate) (785 ) 313 – – $ (127 ) $ (169 ) $ 71 $ (45 ) For the nine months ended Defined benefit pension plans Other post-employment benefit plans (Millions of Canadian dollars) July 31 2024 July 31 2023 July 31 2024 July 31 2023 Actuarial (gains) losses: Changes in financial assumptions (2) $ 1,381 $ 421 $ 138 $ 45 Experience adjustments – 1 3 (2 ) Return on plan assets (excluding interest based on discount rate) (1,789 ) (248 ) – – $ (408 ) $ 174 $ 141 $ 43 (1) Market based assumptions, including Changes in financial assumptions and Return on plan assets, are reviewed on a quarterly basis. All other assumptions are updated during our annual review of plan assumptions. (2) Changes in financial assumptions in our defined benefit pension plans primarily relate to changes in discount rates.

Significant capital and fundi_2

Significant capital and funding transactions (Tables)	9 Months Ended
Significant capital and funding transactions (Tables)	Jul. 31, 2024
Text Block [Abstract]
Summary of Common Shares Issued	Common shares issued For the three months ended July 31, 2024 July 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) 683 $ 66 174 $ 16 Issued in connection with dividend reinvestment plan (2) – – 5,355 670 Purchased for cancellation (3) (480 ) (7 ) – – 203 $ 59 5,529 $ 686 For the nine months ended July 31, 2024 July 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) 1,311 $ 126 678 $ 61 Issued in connection with dividend reinvestment plan (2) 11,850 1,460 9,959 1,291 Purchased for cancellation (3) (480 ) (7 ) – – 12,681 $ 1,579 10,637 $ 1,352 (1) Amounts include cash received for stock options exercised during the period and the fair value adjustment to stock options. (2) The requirements of our dividend reinvestment plan (DRIP) are satisfied through either open market share purchases or shares issued from treasury. During the three months ended July 31, 2024 our DRIP requirements were satisfied through open market share purchases. During the nine months ended July 31, 2024 our DRIP requirements were satisfied through shares issued from treasury in the first six months and open market share purchases in the last three months. During the three months ended July 31, 2023 our DRIP requirements were satisfied through shares issued from treasury. During the nine months ended July 31, 2023 our DRIP requirements were satisfied through open market share purchases in the first three months and shares issued from treasury in the last six months. (3) During the three and nine months ended July 31, 2024, we purchased for cancellation common shares at a total fair value of $73 million (average cost of $152.66 per share), with a book value of $7 million (book value of $14.82 per share). During the three and nine months ended July 31, 2023, we did not purchase for cancellation any common shares.

Earnings per share (Tables)

Earnings per share (Tables)	9 Months Ended
Earnings per share (Tables)	Jul. 31, 2024
Text Block [Abstract]
Summary of Earnings Per Share	For the three months ended For the nine months ended (Millions of Canadian dollars, except share and per share amounts) July 31 2024 July 31 2023 (Restated – Note 2) July 31 2024 July 31 2023 (Restated – Note 2) Basic earnings per share Net income $ 4,486 $ 3,860 $ 12,018 $ 10,673 Dividends on preferred shares and distributions on other equity instruments (106 ) (58 ) (231 ) (169 ) Net income attributable to non-controlling (3 ) (2 ) (7 ) (5 ) Net income available to common shareholders $ 4,377 $ 3,800 $ 11,780 $ 10,499 Weighted average number of common shares (in thousands) 1,414,194 1,393,515 1,411,044 1,388,217 Basic earnings per share (in dollars) $ 3.09 $ 2.73 $ 8.35 $ 7.56 Diluted earnings per share Net income available to common shareholders $ 4,377 $ 3,800 $ 11,780 $ 10,499 Weighted average number of common shares (in thousands) 1,414,194 1,393,515 1,411,044 1,388,217 Stock options (1) 1,929 1,398 1,574 1,614 Issuable under other share-based compensation plans 26 26 26 26 Average number of diluted common shares (in thousands) 1,416,149 1,394,939 1,412,644 1,389,857 Diluted earnings per share (in dollars) $ 3.09 $ 2.73 $ 8.34 $ 7.55 (1) The dilutive effect of stock options was calculated using the treasury stock method. When the exercise price of options outstanding is greater than the average market price of our common shares, the options are excluded from the calculation of diluted earnings per share. For the three months ended July 31, 2024, no outstanding options were excluded from the calculation of diluted earnings per share. For the three months ended July 31, 2023, an average of 2,244,505 outstanding options with an average exercise price of $130.78 were excluded from the calculation of diluted earnings per share. For the nine months ended July 31, 2024, no outstanding options were excluded from the calculation of diluted earnings per share. For the nine months ended July 31, 2023, an average of 917,036 outstanding options with an average exercise price of $131.64 were excluded from the calculation of diluted earnings per share.

Results by business segment (Ta

Results by business segment (Tables)	9 Months Ended
Results by business segment (Tables)	Jul. 31, 2024
Text Block [Abstract]
Disclosure of operating segments	For the three months ended July 31, 2024 (Millions of Canadian dollars) Personal & Wealth Management Insurance Capital Markets Corporate Support Total Net interest income (3) $ 5,052 $ 1,133 $ – $ 817 $ 325 $ 7,327 Non-interest 1,673 3,632 285 2,187 (473 ) 7,304 Total revenue 6,725 4,765 285 3,004 (148 ) 14,631 Provision for credit losses 607 16 1 38 (3 ) 659 Non-interest 2,715 3,679 70 1,755 380 8,599 Income (loss) before income taxes 3,403 1,070 214 1,211 (525 ) 5,373 Income taxes (recoveries) 913 208 44 39 (317 ) 887 Net income $ 2,490 $ 862 $ 170 $ 1,172 $ (208 ) $ 4,486 Non-interest Depreciation and amortization $ 325 $ 299 $ 3 $ 133 $ (1 ) $ 759 For the three months ended July 31, 2023 (Restated – Note 2) (Millions of Canadian dollars) Personal & Wealth Management (4), (5) Insurance Capital Markets (2), (5) Corporate Support (2), (4) Total Net interest income (3) $ 4,062 $ 1,047 $ – $ 907 $ 270 $ 6,286 Non-interest 1,501 3,355 336 1,772 (273 ) 6,691 Total revenue 5,563 4,402 336 2,679 (3 ) 12,977 Provision for credit losses 305 102 – 209 – 616 Non-interest 2,319 3,498 69 1,620 259 7,765 Income (loss) before income taxes 2,939 802 267 850 (262 ) 4,596 Income taxes (recoveries) 805 139 52 (99 ) (161 ) 736 Net income $ 2,134 $ 663 $ 215 $ 949 $ (101 ) $ 3,860 Non-interest Depreciation and amortization $ 240 $ 312 $ 15 $ 126 $ – $ 693 For the nine months ended July 31, 2024 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income (3) $ 13,668 $ 3,419 $ – $ 2,242 $ 953 $ 20,282 Non-interest 4,841 10,501 946 6,867 (1,167 ) 21,988 Total revenue 18,509 13,920 946 9,109 (214 ) 42,270 Provision for credit losses 1,995 54 2 342 (1 ) 2,392 Non-interest 7,482 11,100 210 5,119 1,320 25,231 Income (loss) before income taxes 9,032 2,766 734 3,648 (1,533 ) 14,647 Income taxes (recoveries) 2,430 529 167 60 (557 ) 2,629 Net income $ 6,602 $ 2,237 $ 567 $ 3,588 $ (976 ) $ 12,018 Non-interest Depreciation and amortization $ 840 $ 919 $ 6 $ 387 $ (10 ) $ 2,142 For the nine months ended July 31, 2023 (Restated – Note 2) (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Net interest income (3) $ 11,886 $ 3,352 $ – $ 2,650 $ 699 $ 18,587 Non-interest 4,516 10,004 762 5,837 (927 ) 20,192 Total revenue 16,402 13,356 762 8,487 (228 ) 38,779 Provision for credit losses 1,128 196 – 424 – 1,748 Non-interest 6,805 10,379 204 4,831 535 22,754 Income (loss) before income taxes 8,469 2,781 558 3,232 (763 ) 14,277 Income taxes (recoveries) 2,294 569 106 80 555 3,604 Net income $ 6,175 $ 2,212 $ 452 $ 3,152 $ (1,318 ) $ 10,673 Non-interest Depreciation and amortization $ 721 $ 925 $ 39 $ 381 $ – $ 2,066 (1) On March 28, 2024, we completed the HSBC Canada transaction. HSBC Canada results have been consolidated from the closing date, and are included in our Personal & Commercial Banking, Wealth Management and Capital Markets segments. For further details, refer to Note 6. (2) Taxable equivalent basis. (3) Interest revenue is reported net of interest expense as we rely primarily on net interest income as a performance measure. (4) Amounts for the three months and nine months ended July 31, 2023 have been revised from those previously presented. (5) 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 and nine months ended July 31, 2023 have been revised from those previously presented. Total assets and total liabilities by business segment As at July 31, 2024 (Millions of Canadian dollars) Personal & Wealth Insurance Capital Corporate Total Total assets $ 736,538 $ 177,293 $ 27,501 $ 1,045,826 $ 88,949 $ 2,076,107 Total liabilities 736,467 175,910 27,463 1,045,630 (33,855 ) 1,951,615 As at October 31, 2023 (Restated – Note 2) (Millions of Canadian dollars) Personal & Wealth Management 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 (1) Includes the impact of the HSBC Canada transaction. Refer to Note 6 for further details.

Capital management (Tables)

Capital management (Tables)	9 Months Ended
Capital management (Tables)	Jul. 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) July 31 2024 October 31 2023 Capital (1), (2) CET1 capital $ 86,230 $ 86,611 Tier 1 capital 95,724 93,904 Total capital 108,079 104,952 Risk-weighted assets (RWA) used in calculation of capital ratios (1), (2) Credit risk $ 540,482 $ 475,842 Market risk 32,920 40,498 Operational risk 87,775 79,883 Total RWA $ 661,177 $ 596,223 Capital ratios and Leverage ratio (1), (2) CET1 ratio 13.0% 14.5% Tier 1 capital ratio 14.5% 15.7% Total capital ratio 16.3% 17.6% Leverage ratio 4.2% 4.3% Leverage ratio exposure $ 2,271,007 $ 2,179,590 TLAC available and ratios (1), (3) TLAC available $ 187,656 $ 184,916 TLAC ratio 28.4% 31.0% TLAC leverage ratio 8.3% 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 period ended October 31, 2023 reflects 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 July 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	Jul. 31, 2024	Apr. 30, 2024	Oct. 31, 2023	Jul. 31, 2023	Apr. 30, 2023	Nov. 01, 2022	Oct. 31, 2022
Other
Other assets	$ 84,649		$ 81,371
Total assets	2,076,107		2,006,531
Other
Insurance contract liabilities	21,153		19,026
Other liabilities	89,823		96,022
Total liabilities	1,951,615		1,891,384
Total equity	124,492	$ 121,604	115,147	$ 110,008	$ 108,945
Total liabilities and equity	$ 2,076,107		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	Jul. 31, 2024	Oct. 31, 2023	Nov. 01, 2022
Significant Accounting Policies, Estimates and Judgments [Line Items]
Increase in Other components of equity		$ 8,048	$ 6,852
Cumulative reduction in retained earnings net of tax		86,065	$ 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	Jul. 31, 2024	Oct. 31, 2023
Financial assets
Interest-bearing deposits with banks	$ 57,409	$ 71,086
Securities
Trading	180,441	190,151
Investment, net of applicable allowance	250,744	219,579
Securities	431,185	409,730
Assets purchased under reverse repurchase agreements and securities borrowed	325,401	340,191
Loans, net of applicable allowance
Loans, net	971,797	852,773
Other
Derivatives	115,659	142,450
Deposits
Personal	510,542	441,946
Business and government	809,380	745,075
Bank	41,343	44,666
Deposits	1,361,265	1,231,687
Other
Obligations related to securities sold short	33,972	33,651
Obligations related to assets sold under repurchase agreements and securities loaned	304,373	335,238
Derivatives	126,884	142,629
Subordinated debentures	13,437	11,386
Financial assets classified as FVTPL [member]
Securities
Trading	179,354	180,651
Securities	179,354	180,651
Assets purchased under reverse repurchase agreements and securities borrowed	264,532	285,869
Loans, net of applicable allowance
Retail	638	114
Wholesale	8,908	5,629
Loans, net	9,546	5,743
Other
Derivatives	115,659	142,450
Other assets	9,627	7,579
Financial assets designated as FVTPL [member]
Financial assets
Interest-bearing deposits with banks	48,443	60,856
Securities
Trading	1,087	9,500
Securities	1,087	9,500
Loans, net of applicable allowance
Retail		362
Wholesale	2,312	3,619
Loans, net	2,312	3,981
Other
Other assets	9	5
Financial assets classified as FVOCI [member]
Securities
Investment, net of applicable allowance	150,499	127,624
Securities	150,499	127,624
Loans, net of applicable allowance
Retail	540	280
Wholesale	991	597
Loans, net	1,531	877
Financial assets designated as FVOCI [member]
Securities
Investment, net of applicable allowance	1,178	842
Securities	1,178	842
Financial liabilities classified as FVTPL [member]
Deposits
Personal	356	109
Business and government	174	174
Deposits	530	283
Other
Obligations related to securities sold short	33,972	33,651
Derivatives	126,884	142,629
Other liabilities	(1,275)	(937)
Financial liabilities designated as FVTPL [member]
Deposits
Personal	31,607	26,702
Business and government	148,652	137,454
Bank	9,320	11,462
Deposits	189,579	175,618
Other
Obligations related to assets sold under repurchase agreements and securities loaned	266,457	298,679
Other liabilities	2	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	8,966	10,230
Securities
Investment, net of applicable allowance	95,027	83,667
Securities	95,027	83,667
Assets purchased under reverse repurchase agreements and securities borrowed	60,869	54,322
Loans, net of applicable allowance
Retail	608,916	542,480
Wholesale	338,324	268,843
Loans, net	947,240	811,323
Other
Other assets	47,889	68,450
Fair value of financial instruments not measured at fair value [member] \| Financial liabilities measured at amortized cost [member]
Deposits
Personal	478,843	412,886
Business and government	661,586	605,260
Bank	32,028	33,160
Deposits	1,172,457	1,051,306
Other
Obligations related to assets sold under repurchase agreements and securities loaned	37,916	36,559
Other liabilities	66,781	92,441
Subordinated debentures	13,469	11,213
Financial assets at carrying amount [member]
Financial assets
Interest-bearing deposits with banks	57,409	71,086
Securities
Trading	180,441	190,151
Investment, net of applicable allowance	250,744	219,579
Securities	431,185	409,730
Assets purchased under reverse repurchase agreements and securities borrowed	325,401	340,191
Loans, net of applicable allowance
Retail	616,221	567,132
Wholesale	355,576	285,641
Loans, net	971,797	852,773
Other
Derivatives	115,659	142,450
Other assets	57,525	76,034
Financial assets at carrying amount [member] \| Financial assets measured at amortized cost [member]
Financial assets
Interest-bearing deposits with banks	8,966	10,230
Securities
Investment, net of applicable allowance	99,067	91,113
Securities	99,067	91,113
Assets purchased under reverse repurchase agreements and securities borrowed	60,869	54,322
Loans, net of applicable allowance
Retail	615,043	566,376
Wholesale	343,365	275,796
Loans, net	958,408	842,172
Other
Other assets	47,889	68,450
Financial assets at fair value [member]
Financial assets
Interest-bearing deposits with banks	57,409	71,086
Securities
Trading	180,441	190,151
Investment, net of applicable allowance	246,704	212,133
Securities	427,145	402,284
Assets purchased under reverse repurchase agreements and securities borrowed	325,401	340,191
Loans, net of applicable allowance
Retail	610,094	543,236
Wholesale	350,535	278,688
Loans, net	960,629	821,924
Other
Derivatives	115,659	142,450
Other assets	57,525	76,034
Financial liabilities at carrying amount [member]
Deposits
Personal	510,542	441,946
Business and government	809,380	745,075
Bank	41,343	44,666
Deposits	1,361,265	1,231,687
Other
Obligations related to securities sold short	33,972	33,651
Obligations related to assets sold under repurchase agreements and securities loaned	304,373	335,238
Derivatives	126,884	142,629
Other liabilities	65,242	91,613
Subordinated debentures	13,437	11,386
Financial liabilities at carrying amount [member] \| Financial liabilities measured at amortized cost [member]
Deposits
Personal	478,579	415,135
Business and government	660,554	607,447
Bank	32,023	33,204
Deposits	1,171,156	1,055,786
Other
Obligations related to assets sold under repurchase agreements and securities loaned	37,916	36,559
Other liabilities	66,515	92,539
Subordinated debentures	13,437	11,386
Financial liabilities at fair value [member]
Deposits
Personal	510,806	439,697
Business and government	810,412	742,888
Bank	41,348	44,622
Deposits	1,362,566	1,227,207
Other
Obligations related to securities sold short	33,972	33,651
Obligations related to assets sold under repurchase agreements and securities loaned	304,373	335,238
Derivatives	126,884	142,629
Other liabilities	65,508	91,515
Subordinated debentures	$ 13,469	$ 11,213

Fair value of financial instr_4

Fair value of financial instrument - Additional Information (Detail) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Disclosure of fair value measurement of assets and liabilities [line Items]
Transfers out of Level 2 to Level 1	$ 0	$ 0	$ 0	$ 0
Transfers out of Level 2 to Level 3	0	0	0	0
Obligations related to securities sold short [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Transfers out of Level 1 to Level 2		151		151
Investment U.S. federal, state, municipal and agencies [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Transfers out of Level 1 to Level 2		$ 417	1,038	435
Trading U.S. federal, state, municipal and agencies debt [Member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Transfers out of Level 1 to Level 2	$ 564		$ 822	$ 112

Fair value of financial instr_5

Fair value of financial instrument - Summary of Fair Value of Assets and Liabilities Measured at Fair Value on a Recurring Basis and Classified Using Fair Value Hierarchy (Detail) - CAD ($) $ in Millions	Jul. 31, 2024	Apr. 30, 2024	Oct. 31, 2023	Jul. 31, 2023	Apr. 30, 2023	Oct. 31, 2022
Financial assets
Interest-bearing deposits with banks	$ 57,409		$ 71,086
Trading
Trading securities	180,441		190,151
Investment
Assets purchased under reverse repurchase agreements and securities borrowed	325,401		340,191
Loans	971,797		852,773
Derivatives
Derivatives	115,659		142,450
Deposits
Personal	510,542		441,946
Business and government	809,380		745,075
Bank	41,343		44,666
Other
Obligations related to securities sold short	33,972		33,651
Obligations related to assets sold under repurchase agreements and securities loaned	304,373		335,238
Derivatives
Total derivatives	126,884		142,629
Netting adjustments [member]
Derivatives
Impact on Positive fair values (Derivative assets) of netting agreements that qualify for balance sheet offset	(1,192)		(1,544)
Financial assets	(1,192)		(1,544)
Derivatives
Impact on Negative fair values (Derivative liabilities) of netting agreements that qualify for balance sheet offset	(1,192)		(1,544)
Financial liabilities	(1,192)		(1,544)
Total gross fair value [member] \| Level 1 [member]
Trading
Trading securities	98,929		89,805
Investment
Investment securities	10,404		3,044
Derivatives
Total gross derivatives, assets	3,344		2,352
Other assets	5,010		4,152
Financial assets	117,687		99,353
Other
Obligations related to securities sold short	14,892		14,391
Derivatives
Total gross derivatives, liabilities	4,357		3,119
Other liabilities	261		370
Financial liabilities	19,510		17,880
Total gross fair value [member] \| Level 2 [member]
Financial assets
Interest-bearing deposits with banks	48,443		60,856
Trading
Trading securities	79,076		98,080
Investment
Investment securities	140,614		124,778
Assets purchased under reverse repurchase agreements and securities borrowed	264,532		285,869
Loans	11,575		8,742
Derivatives
Total gross derivatives, assets	113,106		141,233
Other assets	4,618		3,421
Financial assets	661,964		722,979
Deposits
Personal	31,355		26,428
Business and government	148,826		137,628
Bank	9,320		11,462
Other
Obligations related to securities sold short	19,080		19,260
Obligations related to assets sold under repurchase agreements and securities loaned	266,457		298,679
Derivatives
Total gross derivatives, liabilities	122,338		139,499
Other liabilities	(1,534)		(1,296)
Financial liabilities	595,842		631,660
Total gross fair value [member] \| Level 3 [member]
Trading
Trading securities	2,436		2,266
Investment
Investment securities	659		644
Loans	1,814		1,859
Derivatives
Total gross derivatives, assets	401		409
Other assets	8		11
Financial assets	5,318		5,189
Deposits
Personal	608		383
Derivatives
Total gross derivatives, liabilities	1,381		1,555
Financial liabilities	1,989		1,938
Total gross fair value [member] \| Canadian government debt - issued or guaranteed, Federal [member] \| Level 1 [member]
Trading
Trading securities	22,324		26,675
Investment
Investment securities	6,664		2,731
Total gross fair value [member] \| Canadian government debt - issued or guaranteed, Federal [member] \| Level 2 [member]
Trading
Trading securities	1,816		2,581
Investment
Investment securities	8,064		3,528
Total gross fair value [member] \| Canadian government debt - issued or guaranteed, Provincial and municipal [member] \| Level 2 [member]
Trading
Trading securities	14,395		16,389
Investment
Investment securities	5,207		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	255		2,249
Investment
Investment securities			275
Total gross fair value [member] \| U.S. federal state municipal and agencies debt issued or guaranteed [member] \| Level 2 [member]
Trading
Trading securities	32,359		50,439
Investment
Investment securities	79,096		73,020
Total gross fair value [member] \| Other OECD government debt - issued or guaranteed [member] \| Level 1 [member]
Trading
Trading securities	2,502		2,055
Investment
Investment securities	3,351
Total gross fair value [member] \| Other OECD government debt - issued or guaranteed [member] \| Level 2 [member]
Trading
Trading securities	2,532		2,577
Investment
Investment securities	6,884		6,192
Total gross fair value [member] \| Mortgage-backed securities [member] \| Level 2 [member]
Trading
Trading securities	2		2
Investment
Investment securities	2,460		2,672
Total gross fair value [member] \| Mortgage-backed securities [member] \| Level 3 [member]
Investment
Investment securities	29		29
Total gross fair value [member] \| Asset- backed securities, Non-CDO [member] \| Level 2 [member]
Trading
Trading securities	1,399		1,245
Investment
Investment securities	9,440		8,706
Total gross fair value [member] \| Corporate debt and other debt [member] \| Level 2 [member]
Trading
Trading securities	24,295		22,615
Investment
Investment securities	29,158		27,574
Total gross fair value [member] \| Corporate debt and other debt [member] \| Level 3 [member]
Investment
Investment securities	146		149
Total gross fair value [member] \| Equity securities [member] \| Level 1 [member]
Trading
Trading securities	73,848		58,826
Investment
Investment securities	389		38
Total gross fair value [member] \| Equity securities [member] \| Level 2 [member]
Trading
Trading securities	2,278		2,232
Investment
Investment securities	305		338
Total gross fair value [member] \| Equity securities [member] \| Level 3 [member]
Trading
Trading securities	2,436		2,266
Investment
Investment securities	484		466
Total gross fair value [member] \| Interest rate contracts [member] \| Level 2 [member]
Derivatives
Total gross derivatives, assets	29,458		39,243
Total gross fair value [member] \| Interest rate contracts [member] \| Level 3 [member]
Derivatives
Total gross derivatives, assets	370		290
Total gross fair value [member] \| Foreign exchange contracts [member] \| Level 2 [member]
Derivatives
Total gross derivatives, assets	64,242		89,644
Total gross fair value [member] \| Foreign exchange contracts [member] \| Level 3 [member]
Derivatives
Total gross derivatives, assets	1		4
Total gross fair value [member] \| Credit derivatives [member] \| Level 2 [member]
Derivatives
Total gross derivatives, assets	217		224
Total gross fair value [member] \| Other contracts [member] \| Level 1 [member]
Derivatives
Total gross derivatives, assets	3,344		2,352
Total gross fair value [member] \| Other contracts [member] \| Level 2 [member]
Derivatives
Total gross derivatives, assets	20,123		13,927
Total gross fair value [member] \| Other contracts [member] \| Level 3 [member]
Derivatives
Total gross derivatives, assets	28		111
Total gross fair value [member] \| Valuation adjustments [member] \| Level 2 [member]
Derivatives
Total gross derivatives, assets	(934)		(1,805)
Total gross fair value [member] \| Valuation adjustments [member] \| Level 3 [member]
Derivatives
Total gross derivatives, assets	2		4
Total gross fair value [member] \| Interest rate contracts [member] \| Level 2 [member]
Derivatives
Total gross derivatives, liabilities	26,245		41,249
Total gross fair value [member] \| Interest rate contracts [member] \| Level 3 [member]
Derivatives
Total gross derivatives, liabilities	918		952
Total gross fair value [member] \| Foreign exchange contracts [member] \| Level 2 [member]
Derivatives
Total gross derivatives, liabilities	60,103		81,750
Total gross fair value [member] \| Foreign exchange contracts [member] \| Level 3 [member]
Derivatives
Total gross derivatives, liabilities	47		53
Total gross fair value [member] \| Credit derivatives [member] \| Level 2 [member]
Derivatives
Total gross derivatives, liabilities	239		176
Total gross fair value [member] \| Other contracts [member] \| Level 1 [member]
Derivatives
Total gross derivatives, liabilities	4,357		3,119
Total gross fair value [member] \| Other contracts [member] \| Level 2 [member]
Derivatives
Total gross derivatives, liabilities	35,907		17,306
Total gross fair value [member] \| Other contracts [member] \| Level 3 [member]
Derivatives
Total gross derivatives, liabilities	424		549
Total gross fair value [member] \| Valuation adjustments [member] \| Level 2 [member]
Derivatives
Total gross derivatives, liabilities	(156)		(982)
Total gross fair value [member] \| Valuation adjustments [member] \| Level 3 [member]
Derivatives
Total gross derivatives, liabilities	(8)		1
Recurring [member]
Financial assets
Interest-bearing deposits with banks	48,443		60,856
Trading
Trading securities	180,441		190,151
Investment
Investment securities	151,677		128,466
Assets purchased under reverse repurchase agreements and securities borrowed	264,532		285,869
Loans	13,389		10,601
Derivatives
Total gross derivatives, assets	116,851		143,994
Impact on Positive fair values (Derivative assets) of netting agreements that qualify for balance sheet offset	(1,192)		(1,544)
Derivatives	115,659		142,450
Other assets	9,636		7,584
Financial assets	783,777		825,977
Deposits
Personal	31,963		26,811
Business and government	148,826		137,628
Bank	9,320		11,462
Other
Obligations related to securities sold short	33,972		33,651
Obligations related to assets sold under repurchase agreements and securities loaned	266,457		298,679
Derivatives
Total gross derivatives, liabilities	128,076		144,173
Impact on Negative fair values (Derivative liabilities) of netting agreements that qualify for balance sheet offset	(1,192)		(1,544)
Total derivatives	126,884		142,629
Other liabilities	(1,273)		(926)
Financial liabilities	616,149		649,934
Recurring [member] \| Level 3 [member]
Derivatives
Financial liabilities	(608)	$ (633)	(383)	$ (281)	$ (250)	$ (241)
Recurring [member] \| Canadian government debt - issued or guaranteed, Federal [member]
Trading
Trading securities	24,140		29,256
Investment
Investment securities	14,728		6,259
Recurring [member] \| Canadian government debt - issued or guaranteed, Provincial and municipal [member]
Trading
Trading securities	14,395		16,389
Investment
Investment securities	5,207		2,748
Recurring [member] \| U.S. federal state municipal and agencies debt issued or guaranteed [member]
Trading
Trading securities	32,614		52,688
Investment
Investment securities	79,096		73,295
Recurring [member] \| Other OECD government debt - issued or guaranteed [member]
Trading
Trading securities	5,034		4,632
Investment
Investment securities	10,235		6,192
Recurring [member] \| Mortgage-backed securities [member]
Trading
Trading securities	2		2
Investment
Investment securities	2,489		2,701
Recurring [member] \| Asset- backed securities, Non-CDO [member]
Trading
Trading securities	1,399		1,245
Investment
Investment securities	9,440		8,706
Recurring [member] \| Corporate debt and other debt [member]
Trading
Trading securities	24,295		22,615
Investment
Investment securities	29,304		27,723
Recurring [member] \| Equity securities [member]
Trading
Trading securities	78,562		63,324
Investment
Investment securities	1,178		842
Recurring [member] \| Interest rate contracts [member]
Derivatives
Total gross derivatives, assets	29,828		39,533
Recurring [member] \| Foreign exchange contracts [member]
Derivatives
Total gross derivatives, assets	64,243		89,648
Recurring [member] \| Credit derivatives [member]
Derivatives
Total gross derivatives, assets	217		224
Recurring [member] \| Other contracts [member]
Derivatives
Total gross derivatives, assets	23,495		16,390
Recurring [member] \| Valuation adjustments [member]
Derivatives
Total gross derivatives, assets	(932)		(1,801)
Recurring [member] \| Interest rate contracts [member]
Derivatives
Total gross derivatives, liabilities	27,163		42,201
Recurring [member] \| Foreign exchange contracts [member]
Derivatives
Total gross derivatives, liabilities	60,150		81,803
Recurring [member] \| Credit derivatives [member]
Derivatives
Total gross derivatives, liabilities	239		176
Recurring [member] \| Other contracts [member]
Derivatives
Total gross derivatives, liabilities	40,688		20,974
Recurring [member] \| Valuation adjustments [member]
Derivatives
Total gross derivatives, liabilities	$ (164)		$ (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	Jul. 31, 2024	Oct. 31, 2023
Disclosure of Detailed Information about Financial Instruments [line Items]
Trading securities	$ 180,441	$ 190,151
Investment securities	250,744	219,579
Residential mortgage-backed securities [member]
Disclosure of Detailed Information about Financial Instruments [line Items]
Trading securities	16,394	14,345
Investment securities	26,766	24,365
Commercial mortgage-backed securities [member]
Disclosure of Detailed Information about Financial Instruments [line Items]
Trading securities	0	0
Investment securities	$ 2,421	$ 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		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 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	$ 783,777		783,777
Fair value liabilities, beginning balance			649,934
Fair value liabilities, ending balance	616,149		616,149
Level 3 [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	3,910	$ 4,141	3,634	$ 2,447
Gains (losses) included in earnings	(159)	(119)	(380)	(225)
Gains (losses) included in OCI	39	(87)	56	1
Purchases (issuances)	216	101	767	1,719
Settlement (sales) and other	12	(56)	(270)	(245)
Transfers into Level 3	(170)	(22)	(199)	29
Transfers out of Level 3	89	37	329	269
Fair value assets, ending balance	3,937	3,995	3,937	3,995
Gains (losses) included in earnings for positions still held	(126)	(77)	(177)	(176)
Fair value liabilities, beginning balance	(633)	(250)	(383)	(241)
Gains (losses) included in earnings	(39)	1	(90)	(26)
Gains (losses) included in OCI		1	1	1
Purchases (issuances)	(60)	(80)	(417)	(157)
Settlement (sales) and other	38	13	76	19
Transfers into Level 3	(3)	(16)	(93)	(67)
Transfers out of Level 3	89	50	298	190
Fair value liabilities, ending balance	(608)	(281)	(608)	(281)
Gains (losses) included in earnings for positions still held	(23)	5	(44)	(8)
Level 3 [member] \| Investment [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	650	613	644	576
Gains (losses) included in OCI	16	(12)	26	33
Purchases (issuances)		1	3	2
Settlement (sales) and other	(7)		(16)	(9)
Transfers into Level 3			2
Fair value assets, ending balance	659	602	659	602
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	30	27	29	28
Gains (losses) included in OCI	(1)	3		1
Purchases (issuances)				1
Fair value assets, ending balance	29	30	29	30
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	144	150	149	151
Gains (losses) included in OCI	6	(9)	10	(2)
Settlement (sales) and other	(4)		(13)	(8)
Fair value assets, ending balance	146	141	146	141
Level 3 [member] \| Equities [member] \| Investment [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	476	436	466	397
Gains (losses) included in OCI	11	(6)	16	34
Purchases (issuances)		1	3	1
Settlement (sales) and other	(3)		(3)	(1)
Transfers into Level 3			2
Fair value assets, ending balance	484	431	484	431
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	(647)	(638)	(662)	(859)
Gains (losses) included in earnings	43	(14)	46	(10)
Gains (losses) included in OCI		1		6
Purchases (issuances)	(66)	1	(80)	(7)
Settlement (sales) and other	122	19	135	194
Transfers into Level 3	18	7	30	30
Transfers out of Level 3	(18)	(8)	(17)	14
Fair value assets, ending balance	(548)	(632)	(548)	(632)
Gains (losses) included in earnings for positions still held	43	(8)	55	(9)
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	(27)	(56)	(49)	(132)
Gains (losses) included in earnings	(9)	3	(10)	4
Gains (losses) included in OCI	1	(1)	6	10
Purchases (issuances)	(1)	(9)	14	(8)
Settlement (sales) and other		11	3	48
Transfers into Level 3			2
Transfers out of Level 3	(10)	6	(12)	32
Fair value assets, ending balance	(46)	(46)	(46)	(46)
Gains (losses) included in earnings for positions still held	(9)	2	(3)	(2)
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	(298)	(413)	(438)	(785)
Gains (losses) included in earnings	(24)	(43)	(139)	(6)
Gains (losses) included in OCI	(1)	11	5	21
Purchases (issuances)	(11)	(23)	(59)	(61)
Settlement (sales) and other	4	17	5	83
Transfers into Level 3	(198)	(37)	(284)	(96)
Transfers out of Level 3	132	47	514	403
Fair value assets, ending balance	(396)	(441)	(396)	(441)
Gains (losses) included in earnings for positions still held	(13)	(45)	1	(35)
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	(6)	16	3	53
Purchases (issuances)			(1)
Settlement (sales) and other	16	(5)	8	(42)
Fair value assets, ending balance	10	11	10	11
Level 3 [member] \| Other assets [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	9	13	11	15
Settlement (sales) and other	(1)	(2)	(3)	(4)
Fair value assets, ending balance	8	11	8	11
Level 3 [member] \| Loans [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	1,837	2,410	1,859	1,692
Gains (losses) included in earnings	(33)	(28)	(87)	(54)
Gains (losses) included in OCI	21	(58)	25	(35)
Purchases (issuances)	78	61	445	1,300
Settlement (sales) and other	(84)	(71)	(324)	(452)
Transfers into Level 3	9	2	50	30
Transfers out of Level 3	(14)	(5)	(154)	(170)
Fair value assets, ending balance	1,814	2,311	1,814	2,311
Gains (losses) included in earnings for positions still held	(30)	(13)	(81)
Level 3 [member] \| Trading Securities [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	2,392	2,196	2,266	1,887
Gains (losses) included in earnings	(136)	(37)	(190)	(159)
Gains (losses) included in OCI	2	(28)	(6)	(34)
Purchases (issuances)	216	70	445	493
Settlement (sales) and other	(38)	(25)	(78)	(63)
Transfers into Level 3	1	6	1	65
Transfers out of Level 3	(1)	(3)	(2)	(10)
Fair value assets, ending balance	2,436	2,179	2,436	2,179
Gains (losses) included in earnings for positions still held	(117)	(13)	(149)	(130)
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		19		7
Purchases (issuances)				2
Settlement (sales) and other		(16)		(16)
Transfers into Level 3				17
Transfers out of Level 3		(3)		(10)
Level 3 [member] \| Trading Securities [member] \| Equities [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value assets, beginning balance	2,392	2,177	2,266	1,874
Gains (losses) included in earnings	(136)	(37)	(190)	(159)
Gains (losses) included in OCI	2	(28)	(6)	(34)
Purchases (issuances)	216	70	445	491
Settlement (sales) and other	(38)	(9)	(78)	(41)
Transfers into Level 3	1	6	1	48
Transfers out of Level 3	(1)		(2)
Fair value assets, ending balance	2,436	2,179	2,436	2,179
Gains (losses) included in earnings for positions still held	(117)	(13)	(149)	(130)
Level 3 [member] \| Deposits - Personal [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Fair value liabilities, beginning balance	(633)	(250)	(383)	(241)
Gains (losses) included in earnings	(39)	1	(90)	(26)
Gains (losses) included in OCI		1	1	1
Purchases (issuances)	(60)	(80)	(417)	(157)
Settlement (sales) and other	38	13	76	19
Transfers into Level 3	(3)	(16)	(93)	(67)
Transfers out of Level 3	89	50	298	190
Fair value liabilities, ending balance	(608)	(281)	(608)	(281)
Gains (losses) included in earnings for positions still held	$ (23)	$ 5	$ (44)	$ (8)

Fair value of financial instr_8

Fair value of financial instrument - Changes in Fair Value Measurement for Instruments Measured on a Recurring Basis and Categorized in Level 3 (Parenthetical) (Detail) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023	Oct. 31, 2023
Disclosure of fair value measurement of assets and liabilities [line Items]
Derivative assets	$ 115,659		$ 115,659		$ 142,450
Derivative liabilities	126,884		126,884		142,629
Recurring [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Derivative assets	115,659		115,659		142,450
Derivative liabilities	126,884		126,884		$ 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	$ 3	20	$ 33
Net derivative balances, category [Member] \| Level 3 [member] \| Recurring [member]
Disclosure of fair value measurement of assets and liabilities [line Items]
Derivative assets	401	345	401	345
Derivative liabilities	$ 1,381	$ 1,453	$ 1,381	$ 1,453

Fair value of financial instr_9

Fair value of financial instruments - Summary of Net Interest Income From Financial Instruments (Detail) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Disclosure of detailed information about financial instruments [line items]
Interest income	$ 27,090	$ 22,834	$ 78,453	$ 62,489
Interest expense	19,763	16,548	58,171	43,902
Net interest income	7,327	6,286	20,282	18,587
Interest and dividend income [member] \| Financial assets measured at fair value through profit or loss [member]
Disclosure of detailed information about financial instruments [line items]
Interest income	8,678	8,546	27,583	22,203
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	1,927	1,383	5,162	3,439
Interest and dividend income [member] \| Financial assets measured at amortized cost [member]
Disclosure of detailed information about financial instruments [line items]
Interest income	16,485	12,905	45,708	36,847
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	8,432	7,531	26,227	20,046
Interest expense [member] \| Financial liabilities measured at amortized cost [member]
Disclosure of detailed information about financial instruments [line items]
Interest expense	$ 11,331	$ 9,017	$ 31,944	$ 23,856

Fair value of financial inst_10

Fair value of financial instruments - Summary of Net Interest Income From Financial Instruments (Parenthetical) (Detail) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Disclosure of detailed information about financial instruments [line items]
Excludes interest and dividend income in Insurance investment result	$ 222	$ 186	$ 656	$ 554
Excludes interest expense in Insurance investment result	54	83	77	100
Dividend income	$ 778	$ 803	$ 2,511	$ 2,396

Securities - Summary of Unreali

Securities - Summary of Unrealized Gains and Losses on Securities at Fair Value through Other Comprehensive Income (Detail) - CAD ($) $ in Millions	Jul. 31, 2024	Oct. 31, 2023
Disclosure of financial assets [line items]
Cost/Amortized cost	$ 152,443	$ 131,312
Gross unrealized gains	1,098	753
Gross unrealized losses	(1,864)	(3,599)
Fair value	151,677	128,466
Canadian government debt - issued or guaranteed, Federal [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	14,725	6,609
Gross unrealized gains	29	1
Gross unrealized losses	(26)	(351)
Fair value	14,728	6,259
Canadian government debt - issued or guaranteed, Provincial and municipal [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	5,216	3,396
Gross unrealized gains	31	2
Gross unrealized losses	(40)	(650)
Fair value	5,207	2,748
U.S. federal, state, municipal and agencies debt - issued or guaranteed [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	80,327	75,326
Gross unrealized gains	423	343
Gross unrealized losses	(1,654)	(2,374)
Fair value	79,096	73,295
Other OECD government debt - issued or guaranteed [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	10,271	6,200
Gross unrealized gains	11	1
Gross unrealized losses	(47)	(9)
Fair value	10,235	6,192
Mortgage-backed securities [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	2,514	2,762
Gross unrealized gains	1
Gross unrealized losses	(26)	(61)
Fair value	2,489	2,701
Asset-backed securities, CDO [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	9,422	8,752
Gross unrealized gains	24	5
Gross unrealized losses	(6)	(51)
Fair value	9,440	8,706
Corporate debt and other debt [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	29,248	27,774
Gross unrealized gains	116	44
Gross unrealized losses	(60)	(95)
Fair value	29,304	27,723
Equities [member]
Disclosure of financial assets [line items]
Cost/Amortized cost	720	493
Gross unrealized gains	463	357
Gross unrealized losses	(5)	(8)
Fair value	$ 1,178	$ 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	Jul. 31, 2024	Oct. 31, 2023
Disclosure of financial assets [line items]
Amortized cost	$ 152,443	$ 131,312
Allowance for credit losses on debt securities at FVOCI	(35)	(33)
Held-to-collect securities category [member]
Disclosure of financial assets [line items]
Amortized cost	$ 99,067	$ 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		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Disclosure of financial assets [line items]
Balance at beginning of period	$ (33)	$ (20)	$ (33)	$ (19)
Provision for credit losses
Purchases	2	1	8	4
Sales and maturities	(1)	(1)	(3)	(2)
Changes in risk, parameters and exposures	(4)	(5)	(11)	(9)
Exchange rate and other	1	2	4	3
Balance at end of period	(35)	(23)	(35)	(23)
Performing Stage one [member]
Disclosure of financial assets [line items]
Balance at beginning of period	6	3	4	3
Provision for credit losses
Transfers to stage 1		1		1
Purchases	2	1	8	4
Sales and maturities	(1)		(3)	(1)
Changes in risk, parameters and exposures	(2)	(2)	(5)	(3)
Exchange rate and other			1	(1)
Balance at end of period	5	3	5	3
Performing Stage two [member]
Disclosure of financial assets [line items]
Balance at beginning of period		2		1
Provision for credit losses
Transfers to stage 1		(1)		(1)
Sales and maturities		(1)		(1)
Changes in risk, parameters and exposures		(1)		1
Exchange rate and other		1
Impaired Stage three [member]
Disclosure of financial assets [line items]
Balance at beginning of period	(39)	(25)	(37)	(23)
Provision for credit losses
Changes in risk, parameters and exposures	(2)	(2)	(6)	(7)
Exchange rate and other	1	1	3	4
Balance at end of period	$ (40)	$ (26)	$ (40)	$ (26)

Securities - Summary of Allow_2

Securities - Summary of Allowance for Credit Losses - Securities at Amortized Cost (Detail) - Debt securities at amortized cost [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 21	$ 22	$ 23	$ 22
Provision for credit losses
Purchases	2	3	6	8
Sales and maturities	(2)		(2)
Changes in risk, parameters and exposures	(2)	1	(7)	(5)
Exchange rate and other		(2)	(1)	(1)
Balance at end of period	19	24	19	24
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	8	9	8	8
Provision for credit losses
Purchases	2	3	6	8
Sales and maturities	(2)		(2)
Changes in risk, parameters and exposures		(1)	(4)	(6)
Exchange rate and other	(1)	(1)	(1)
Balance at end of period	7	10	7	10
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	13	13	15	14
Provision for credit losses
Changes in risk, parameters and exposures	(2)	2	(3)	1
Exchange rate and other	1	(1)		(1)
Balance at end of period	$ 12	$ 14	$ 12	$ 14

Securities - Summary of Credit

Securities - Summary of Credit Risk Exposure by Internal Risk Rating (Detail) - CAD ($) $ in Millions	Jul. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Amortized cost	$ 152,443	$ 131,312
Securities measured at fair value through other comprehensive income [member]
Disclosure of credit risk exposure [line items]
Investment grade	149,564	126,733
Non-investment grade	789	742
Impaired	146	149
Carrying amount of securities measured at FVOCI subject to impairment	150,499	127,624
Items not subject to impairment	1,178	842
Carrying amount of securities measured at FVOCI	151,677	128,466
Securities measured at amortized cost [member]
Disclosure of credit risk exposure [line items]
Investment grade	98,182	89,947
Non-investment grade	904	1,189
Amount before allowance for credit losses	99,086	91,136
Allowance for credit losses	19	23
Amortized cost	99,067	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	149,556	126,732
Non-investment grade	789	742
Carrying amount of securities measured at FVOCI subject to impairment	150,345	127,474
Performing Stage one [member] \| Securities measured at amortized cost [member]
Disclosure of credit risk exposure [line items]
Investment grade	98,182	89,947
Non-investment grade	728	990
Amount before allowance for credit losses	98,910	90,937
Allowance for credit losses	7	8
Amortized cost	98,903	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	176	199
Amount before allowance for credit losses	176	199
Allowance for credit losses	12	15
Amortized cost	164	184
Impaired Stage three [member] \| Securities measured at fair value through other comprehensive income [member]
Disclosure of credit risk exposure [line items]
Impaired	146	149
Carrying amount of securities measured at FVOCI subject to impairment	$ 146	$ 149

Securities - Summary of Credi_2

Securities - Summary of Credit Risk Exposure by Internal Risk Rating (Parenthetical) (Detail) - CAD ($) $ in Millions	Jul. 31, 2024	Oct. 31, 2023
Purchased Credit Impaired [member]
Disclosure of credit risk exposure [line items]
Securities at Fair Value Through Other Comprehensive Income	$ 146	$ 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		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Customers' liability under acceptances [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 51	$ 41	$ 50	$ 45
Provision for credit losses	(20)	1	(19)	(4)
Exchange rate changes/other	1	(1)	1
Balance at end of period	32	41	32	41
Allowance for credit losses [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	6,074	4,777	5,348	4,181
Provision for credit losses	665	619	2,399	1,763
Net write-offs	(537)	(355)	(1,467)	(849)
Exchange rate changes/other	(64)	(82)	(142)	(136)
Balance at end of period	6,138	4,959	6,138	4,959
Allowance for credit losses [member] \| Allowance for loan losses [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	5,715	4,332	5,004	3,753
Balance at end of period	5,798	4,495	5,798	4,495
Allowance for credit losses [member] \| Other liabilities – Provisions [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	302	397	288	378
Balance at end of period	303	416	303	416
Allowance for credit losses [member] \| Customers' liability under acceptances [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	51	41	50	45
Balance at end of period	32	41	32	41
Allowance for credit losses [member] \| Other components of equity [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	6	7	6	5
Balance at end of period	5	7	5	7
Retail [member] \| Residential mortgages [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	569	480	481	432
Provision for credit losses	36	(5)	138	57
Net write-offs	(2)	(4)	(8)	(13)
Exchange rate changes/other	(4)	(8)	(12)	(13)
Balance at end of period	599	463	599	463
Retail [member] \| Personal [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	1,371	1,165	1,228	1,043
Provision for credit losses	188	97	603	402
Net write-offs	(154)	(106)	(427)	(287)
Exchange rate changes/other	(8)	(4)	(7)	(6)
Balance at end of period	1,397	1,152	1,397	1,152
Retail [member] \| Credit cards [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	1,139	980	1,069	893
Provision for credit losses	169	154	575	459
Net write-offs	(155)	(117)	(490)	(334)
Exchange rate changes/other	3		2	(1)
Balance at end of period	1,156	1,017	1,156	1,017
Retail [member] \| Small business [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	230	225	194	194
Provision for credit losses	46	23	122	70
Net write-offs	(24)	(11)	(58)	(27)
Exchange rate changes/other	(6)	(2)	(12)	(2)
Balance at end of period	246	235	246	235
Wholesale [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	2,714	1,886	2,326	1,574
Provision for credit losses	246	349	980	779
Net write-offs	(202)	(117)	(484)	(188)
Exchange rate changes/other	(50)	(67)	(114)	(114)
Balance at end of period	$ 2,708	$ 2,051	$ 2,708	$ 2,051

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Reconciliation of Allowance for Credit Losses - Residential Mortgages (Detail) - Retail [member] - Residential mortgages [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 569	$ 480	$ 481	$ 432
Provision for credit losses
Originations	21	22	72	65
Maturities	(11)	(8)	(26)	(18)
Changes in risk, parameters and exposures	26	(19)	92	10
Write-offs	(6)	(7)	(17)	(23)
Recoveries	4	3	9	10
Exchange rate and other	(4)	(8)	(12)	(13)
Balance at end of period	599	463	599	463
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	245	238	223	235
Provision for credit losses
Transfers to Stage 1	39	38	72	70
Transfers to Stage 2	(8)	(4)	(18)	(23)
Transfers to Stage 3	(2)		(4)	(1)
Originations	21	22	72	65
Maturities	(5)	(4)	(13)	(12)
Changes in risk, parameters and exposures	(66)	(63)	(110)	(107)
Exchange rate and other	(1)		1
Balance at end of period	223	227	223	227
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	118	103	90	65
Provision for credit losses
Transfers to Stage 1	(37)	(38)	(70)	(70)
Transfers to Stage 2	8	6	26	31
Transfers to Stage 3	(13)	(4)	(29)	(9)
Maturities	(6)	(4)	(13)	(6)
Changes in risk, parameters and exposures	68	29	135	80
Exchange rate and other	1	(2)		(1)
Balance at end of period	139	90	139	90
Impaired Stage three [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	206	139	168	132
Provision for credit losses
Transfers to Stage 1	(2)		(2)
Transfers to Stage 2		(2)	(8)	(8)
Transfers to Stage 3	15	4	33	10
Changes in risk, parameters and exposures	24	15	67	37
Write-offs	(6)	(7)	(17)	(23)
Recoveries	4	3	9	10
Exchange rate and other	(4)	(6)	(13)	(12)
Balance at end of period	$ 237	$ 146	$ 237	$ 146

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Reconciliation of Allowance for Credit Losses - Personal (Detail) - Retail [member] - Personal [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 1,371	$ 1,165	$ 1,228	$ 1,043
Provision for credit losses
Originations	27	31	88	79
Maturities	(60)	(42)	(167)	(114)
Changes in risk, parameters and exposures	221	108	682	437
Write-offs	(190)	(135)	(525)	(371)
Recoveries	36	29	98	84
Exchange rate and other	(8)	(4)	(7)	(6)
Balance at end of period	1,397	1,152	1,397	1,152
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	296	298	280	285
Provision for credit losses
Transfers to Stage 1	149	177	408	474
Transfers to Stage 2	(17)	(20)	(54)	(63)
Transfers to Stage 3	(2)		(3)	(1)
Originations	27	31	88	79
Maturities	(12)	(10)	(33)	(32)
Changes in risk, parameters and exposures	(141)	(182)	(383)	(450)
Exchange rate and other	3	(2)
Balance at end of period	303	292	303	292
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	887	747	793	661
Provision for credit losses
Transfers to Stage 1	(148)	(177)	(407)	(473)
Transfers to Stage 2	18	21	57	65
Transfers to Stage 3	(36)	(13)	(95)	(38)
Maturities	(48)	(32)	(134)	(82)
Changes in risk, parameters and exposures	226	189	681	604
Exchange rate and other	(4)	1		(1)
Balance at end of period	895	736	895	736
Impaired Stage three [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	188	120	155	97
Provision for credit losses
Transfers to Stage 1	(1)		(1)	(1)
Transfers to Stage 2	(1)	(1)	(3)	(2)
Transfers to Stage 3	38	13	98	39
Changes in risk, parameters and exposures	136	101	384	283
Write-offs	(190)	(135)	(525)	(371)
Recoveries	36	29	98	84
Exchange rate and other	(7)	(3)	(7)	(5)
Balance at end of period	$ 199	$ 124	$ 199	$ 124

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Reconciliation of Allowance for Credit Losses - Credit Cards (Detail) - Retail [member] - Credit cards [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 1,139	$ 980	$ 1,069	$ 893
Provision for credit losses
Originations	10	3	23	10
Maturities	(16)	(12)	(39)	(29)
Changes in risk, parameters and exposures	175	163	591	478
Write-offs	(210)	(164)	(670)	(465)
Recoveries	55	47	180	131
Exchange rate and other	3		2	(1)
Balance at end of period	1,156	1,017	1,156	1,017
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	192	199	203	177
Provision for credit losses
Transfers to Stage 1	151	120	426	409
Transfers to Stage 2	(26)	(31)	(81)	(73)
Transfers to Stage 3	(1)		(2)	(1)
Originations	10	3	23	10
Maturities	(1)	(3)	(3)	(5)
Changes in risk, parameters and exposures	(123)	(92)	(364)	(320)
Exchange rate and other	2		2	(1)
Balance at end of period	204	196	204	196
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	947	781	866	716
Provision for credit losses
Transfers to Stage 1	(151)	(120)	(426)	(409)
Transfers to Stage 2	26	31	81	73
Transfers to Stage 3	(127)	(103)	(353)	(295)
Maturities	(15)	(9)	(36)	(24)
Changes in risk, parameters and exposures	270	241	819	760
Exchange rate and other	2		1
Balance at end of period	952	821	952	821
Impaired Stage three [member]
Provision for credit losses
Transfers to Stage 3	128	103	355	296
Changes in risk, parameters and exposures	28	14	136	38
Write-offs	(210)	(164)	(670)	(465)
Recoveries	55	$ 47	180	$ 131
Exchange rate and other	$ (1)		$ (1)

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Reconciliation of Allowance for Credit Losses - Small Business (Detail) - Retail [member] - Small business [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 230	$ 225	$ 194	$ 194
Provision for credit losses
Originations	11	12	31	28
Maturities	(10)	(8)	(27)	(25)
Changes in risk, parameters and exposures	45	19	118	67
Write-offs	(27)	(14)	(67)	(35)
Recoveries	3	3	9	8
Exchange rate and other	(6)	(2)	(12)	(2)
Balance at end of period	246	235	246	235
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	74	76	70	73
Provision for credit losses
Transfers to Stage 1	15	9	27	27
Transfers to Stage 2	(5)	(4)	(14)	(11)
Transfers to Stage 3		1
Originations	11	12	31	28
Maturities	(5)	(4)	(12)	(11)
Changes in risk, parameters and exposures	(10)	(13)	(23)	(31)
Exchange rate and other		1	1	3
Balance at end of period	80	78	80	78
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	78	79	66	73
Provision for credit losses
Transfers to Stage 1	(15)	(9)	(27)	(27)
Transfers to Stage 2	5	4	14	11
Transfers to Stage 3	(1)	(3)	(6)	(7)
Maturities	(5)	(4)	(15)	(14)
Changes in risk, parameters and exposures	14	11	44	39
Exchange rate and other	1		1	3
Balance at end of period	77	78	77	78
Impaired Stage three [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	78	70	58	48
Provision for credit losses
Transfers to Stage 3	1	2	6	7
Changes in risk, parameters and exposures	41	21	97	59
Write-offs	(27)	(14)	(67)	(35)
Recoveries	3	3	9	8
Exchange rate and other	(7)	(3)	(14)	(8)
Balance at end of period	$ 89	$ 79	$ 89	$ 79

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Reconciliation of Allowance for Credit Losses - Wholesale (Detail) - Wholesale [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Disclosure of credit risk exposure [line items]
Balance at beginning of period	$ 2,714	$ 1,886	$ 2,326	$ 1,574
Provision for credit losses
Originations	150	169	519	481
Maturities	(205)	(205)	(579)	(550)
Changes in risk, parameters and exposures	301	385	1,040	848
Write-offs	(211)	(126)	(521)	(212)
Recoveries	9	9	37	24
Exchange rate and other	(50)	(67)	(114)	(114)
Balance at end of period	2,708	2,051	2,708	2,051
Performing Stage one [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	757	668	774	597
Provision for credit losses
Transfers to Stage 1	101	45	203	145
Transfers to Stage 2	(26)	(28)	(121)	(63)
Transfers to Stage 3	(1)	(3)	(5)	(7)
Originations	150	169	519	481
Maturities	(96)	(129)	(288)	(345)
Changes in risk, parameters and exposures	(108)	(34)	(299)	(120)
Exchange rate and other	1	(10)	(5)	(10)
Balance at end of period	778	678	778	678
Performing Stage two [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	924	632	785	585
Provision for credit losses
Transfers to Stage 1	(101)	(44)	(202)	(144)
Transfers to Stage 2	29	29	128	65
Transfers to Stage 3	(7)	(17)	(54)	(44)
Maturities	(109)	(76)	(291)	(205)
Changes in risk, parameters and exposures	198	208	572	477
Exchange rate and other	1	(10)	(3)	(12)
Balance at end of period	935	722	935	722
Impaired Stage three [member]
Disclosure of credit risk exposure [line items]
Balance at beginning of period	1,033	586	767	392
Provision for credit losses
Transfers to Stage 1		(1)	(1)	(1)
Transfers to Stage 2	(3)	(1)	(7)	(2)
Transfers to Stage 3	8	20	59	51
Changes in risk, parameters and exposures	211	211	767	491
Write-offs	(211)	(126)	(521)	(212)
Recoveries	9	9	37	24
Exchange rate and other	(52)	(47)	(106)	(92)
Balance at end of period	$ 995	$ 651	$ 995	$ 651

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
	Dec. 31, 2024	Sep. 30, 2024	Sep. 30, 2025	Oct. 31, 2024	Sep. 30, 2029	Oct. 31, 2028
Oil price (West Texas Intermediate) average price [member] \| Downside Scenario [member] \| Next Two To Five Years [Member]
Statement [Line Items]
Average value macroeconomic drivers oil price per barrel					42
Oil price (West Texas Intermediate) average price [member] \| Downside Scenario [member] \| Next Twelve Months [Member]
Statement [Line Items]
Average value macroeconomic drivers oil price per barrel			28
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					66	67
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			77	81
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			99
Oil price (West Texas Intermediate) average price [member] \| Upside Scenario [member] \| Next Two To Five Years [Member]
Statement [Line Items]
Average value macroeconomic drivers oil price per barrel					72
Canadian unemployment rate [member] \| Quarterly Average [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage	6.70%	6.60%
US unemployment rate [member] \| Quarterly Average [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage		4.10%
Canada GDP growth rate [member] \| Above Q4 2023 levels [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage	1.50%
U.S. GDP growth rate [member] \| Above Q4 2023 levels [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage	1.30%
Canadian housing price index [member] \| Base Scenario [member] \| Next Two To Five Years [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage					3.20%	5%
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] \| Upside Scenario [member] \| Next Twelve Months [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage			10.90%
Canadian housing price index [member] \| Upside Scenario [member] \| Next Two To Five Years [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage					9.60%
Canadian housing price index [member] \| Alternative Downside Scenario [Member] \| Next Twelve Months [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage			(30.00%)
Canadian housing price index [member] \| Alternative Downside Scenario [Member] \| Next Two To Five Years [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage					4.20%
Canadian housing price index growth rate [member] \| Base Scenario [member] \| Next Twelve Months [Member]
Statement [Line Items]
Average value macroeconomic drivers percentage			1.70%

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Summary of Gross Carrying Amount of Loans Measured at Amortized Cost - Residential Mortgage (Detail) - Residential mortgages [member] - Retail loans [member] - CAD ($) $ in Millions	Jul. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 473,002	$ 434,025
Items not subject to impairment	638	476
Gross carrying amount of financial assets	473,640	434,501
Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	387,712	350,631
Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	22,265	20,736
High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	7,886	6,509
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	54,037	55,467
Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,102	682
Stage one loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	457,608	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	385,811	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	17,571	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	1,606	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	52,620	54,247
Stage two loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	14,292	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	1,901	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	4,694	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	6,280	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	1,417	1,220
Stage three loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,102	682
Stage three loan [member] \| Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 1,102	$ 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	Jul. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 105,588	$ 98,734
Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	82,417	77,248
Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	8,992	8,502
High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,775	2,565
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	10,998	10,139
Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	406	280
Stage one loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	97,979	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	80,735	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	6,079	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	585	477
Stage one loan [member] \| Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	10,580	9,982
Stage two loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	7,203	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	1,682	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	2,913	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	2,190	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	418	157
Stage three loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	406	280
Stage three loan [member] \| Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 406	$ 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	Jul. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 24,997	$ 23,035
Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	17,376	16,466
Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	4,266	3,903
High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,151	1,775
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,204	891
Stage one loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	20,453	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	17,217	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	2,009	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	74	41
Stage one loan [member] \| Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,153	856
Stage two loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	4,544	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	159	135
Stage two loan [member] \| Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,257	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	2,077	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	$ 51	$ 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	Jul. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 15,227	$ 13,681
Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	10,342	9,561
Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	3,512	3,174
High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,076	691
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	5	11
Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	292	244
Stage one loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	12,334	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	9,542	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	2,609	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	178	99
Stage one loan [member] \| Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	5	11
Stage two loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	2,601	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	800	920
Stage two loan [member] \| Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	903	936
Stage two loan [member] \| High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	898	592
Stage three loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	292	244
Stage three loan [member] \| Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 292	$ 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	Jul. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 307,678	$ 286,090
Low risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	286,533	266,819
Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	12,370	11,057
High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,457	1,390
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	7,318	6,824
Stage one exposure [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	306,029	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	285,812	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	12,011	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	922	956
Stage one exposure [member] \| Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	7,284	6,686
Stage two exposure [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	1,649	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	721	610
Stage two exposure [member] \| Medium risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	359	298
Stage two exposure [member] \| High risk [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	535	434
Stage two exposure [member] \| Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 34	$ 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	Jul. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 346,923	$ 278,578
Items not subject to impairment	11,220	9,248
Gross carrying amount of financial assets	358,143	287,826
Investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	116,169	89,453
Non investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	214,206	175,421
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	12,663	11,206
Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	3,885	2,498
Stage one loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	315,930	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	114,675	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	189,433	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	11,822	10,968
Stage two loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	27,108	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	1,494	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	24,773	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	841	238
Stage three loan [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	3,885	2,498
Stage three loan [member] \| Impaired [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 3,885	$ 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	Jul. 31, 2024	Oct. 31, 2023
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	$ 505,488	$ 461,481
Investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	337,438	312,364
Non investment grade [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	164,438	144,941
Not rated [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	3,612	4,176
Stage one exposure [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	491,535	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	337,002	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	150,933	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	3,600	4,176
Stage two exposure [member]
Disclosure of credit risk exposure [line items]
Gross carrying amount of financial assets subject to impairment	13,953	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	436	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	13,505	$ 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	$ 12

Loans and Allowance for Cred_17

Loans and Allowance for Credit Losses - Summary of Gross Carrying Amount of Loans Measured at Amortized Cost (Parenthetical) (Detail) $ in Millions	9 Months Ended
	Jul. 31, 2024 CAD ($)
Financial instruments purchased or originated credit-impaired [member]
Disclosure of credit risk exposure [line items]
Expected credit losses recognized at inception	$ 124

Loans and Allowance for Cred_18

Loans and Allowance for Credit Losses - Disclosure of Loans Past Due But Not Impaired (Detail) - CAD ($) $ in Millions	Jul. 31, 2024	Oct. 31, 2023
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	$ 3,920	$ 3,920
Retail [member]
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	2,585	2,048
Wholesale [member]
Disclosure of loans that are either past due or impaired [line items]
Loans past due but not impaired	1,335	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	3,613	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	2,335	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	1,278	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	307	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	250	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_3

Significant acquisition and disposition - Additional Information (Detail) - HSBC Canada [member] - CAD ($) $ in Millions		3 Months Ended	9 Months Ended
	Mar. 28, 2024	Jul. 31, 2024	Jul. 31, 2024
Statement [Line Items]
Percentage of voting equity interests acquired	100%
Fair value of identifiable assets acquired	$ 108,120
Cash transferred	13,500
Goodwill	6,438
Purchase consideration	15,488
Financial liabilities recognised as of acquisition date	99,070
Revenue of acquiree since acquisition date	973		$ 43,500
Profit (loss) of acquiree since acquisition date	188		12,400
Transaction and integration costs		$ 160	$ 783
Purchased of performing financial assets after tax	145
Purchased of performing financial assets before tax	200
Preference shares and Subordinated debentures [member]
Statement [Line Items]
Cash transferred	$ 2,100
Ordinary shares [member]
Statement [Line Items]
Percentage of voting equity interests acquired	100%
Cash transferred	$ 13,500
Adjustment for Settlement of pre-existing transactions [member]
Statement [Line Items]
Amounts recognised for transaction recognised separately from acquisition of assets and assumption of liabilities in business combination	(500)
Additional amount accrued from August 31, 2023 to the closing date March 28, 2024 [member]
Statement [Line Items]
Cash transferred	$ 400

Significant acquisition and d_4

Significant acquisition and disposition - Summary of the Estimated Fair Value of the Assets Acquired and Liabilities Assumed as at the Acquisition Date (Detail) - HSBC Canada [member] $ in Millions	Mar. 28, 2024 CAD ($)
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Percentage of shares acquired	100%
Purchase consideration	$ 15,488
Fair value of identifiable assets acquired	108,120
Fair value of identifiable liabilities assumed	99,070
Fair value of identifiable net assets acquired	9,050
Goodwill recognised as of acquisition date	6,438
Deposits - Personal [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Fair value of identifiable liabilities assumed	42,037
Deposits - Business and government [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Fair value of identifiable liabilities assumed	44,065
Deposits - Bank [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Fair value of identifiable liabilities assumed	124
Obligations related to assets sold under repurchase agreements and securities loaned [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Fair value of identifiable liabilities assumed	5,664
Derivatives [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Fair value of identifiable liabilities assumed	3,541
Other [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Fair value of identifiable liabilities assumed	3,639
Cash and due from banks [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Fair value of identifiable assets acquired	2,772
Securities - Trading [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Fair value of identifiable assets acquired	1,110
Securities - Investment [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Fair value of identifiable assets acquired	21,305
Loan - Retail [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Fair value of identifiable assets acquired	35,353
Loan - Wholesale [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Fair value of identifiable assets acquired	39,408
Derivatives [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Fair value of identifiable assets acquired	3,365
Intangible assets [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Fair value of identifiable assets acquired	2,402
Other [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Fair value of identifiable assets acquired	$ 2,405

Significant acquisition and d_5

Significant acquisition and disposition - Summary of the Estimated Fair Value of the Assets Acquired and Liabilities Assumed as at the Acquisition Date (Parenthetical) (Detail) $ in Millions	Mar. 28, 2024 CAD ($)
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Estimate of contractual cash flows not expected to be collected	$ 587
Secured borrowing liability	$ 1,700
Estimated useful lives of intangible assets	7 years
Mutual fund management contracts with indefinite useful lives	$ 319
Loans [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Gross contractual value	75,920
Canadian residential mortgages sold with recourse to a mutual fund [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Fair value of identifiable assets acquired	1,700
Other intangible assets [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Intangible assets	1,973
Customer-related intangible assets [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Intangible assets	110
Financial instruments purchased or originated credit-impaired [member]
Disclosure of fair value measurement of assets acquired and liabilities assumed [line items]
Purchased credit impaired loan	$ 147

Deposits - Summary of Deposit L

Deposits - Summary of Deposit Liabilities (Detail) - CAD ($) $ in Millions	Jul. 31, 2024	Oct. 31, 2023
Disclosure of deposits [line items]
Demand	$ 564,285	$ 510,726
Notice	80,732	77,439
Term	716,248	643,522
Total deposits	1,361,265	1,231,687
Deposits - Personal [member]
Disclosure of deposits [line items]
Demand	200,990	186,530
Notice	60,901	57,614
Term	248,651	197,802
Total deposits	510,542	441,946
Deposits - Business and government [member]
Disclosure of deposits [line items]
Demand	354,231	316,200
Notice	19,154	19,056
Term	435,995	409,819
Total deposits	809,380	745,075
Deposits - Bank [member]
Disclosure of deposits [line items]
Demand	9,064	7,996
Notice	677	769
Term	31,602	35,901
Total deposits	41,343	44,666
Deposits - Personal, Business and government, and Bank [member]
Disclosure of deposits [line items]
Demand	564,285	510,726
Notice	80,732	77,439
Term	716,248	643,522
Total deposits	1,361,265	1,231,687
Canada [member] \| Non-interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	141,988	132,994
Notice	6,604	6,107
Term	190	168
Total deposits	148,782	139,269
Canada [member] \| Interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	347,652	302,746
Notice	14,320	14,641
Term	575,076	493,347
Total deposits	937,048	810,734
United States [member] \| Non-interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	36,139	40,646
Total deposits	36,139	40,646
United States [member] \| Interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	20,974	16,210
Notice	58,829	55,895
Term	71,272	78,837
Total deposits	151,075	150,942
Europe [member] \| Non-interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	15	17
Total deposits	15	17
Europe [member] \| Interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	4,193	5,353
Notice	905	726
Term	50,036	51,812
Total deposits	55,134	57,891
Other International [member] \| Non-interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	7,673	7,265
Total deposits	7,673	7,265
Other International [member] \| Interest bearing deposits [member]
Disclosure of deposits [line items]
Demand	5,651	5,495
Notice	74	70
Term	19,674	19,358
Total deposits	$ 25,399	$ 24,923

Deposits - Summary of Deposit_2

Deposits - Summary of Deposit Liabilities (Parenthetical) (Detail) - CAD ($) $ in Millions	Jul. 31, 2024	Oct. 31, 2023
Disclosure of deposits [line items]
Total deposits	$ 1,361,265	$ 1,231,687
U.S. dollars [member]
Disclosure of deposits [line items]
Total deposits	476,000	445,000
British pounds [member]
Disclosure of deposits [line items]
Total deposits	36,000	34,000
Euro [member]
Disclosure of deposits [line items]
Total deposits	51,000	49,000
Other currencies [member]
Disclosure of deposits [line items]
Total deposits	$ 28,000	$ 32,000

Deposits - Summary of Contractu

Deposits - Summary of Contractual Maturities of Term Deposit Liabilities (Detail) - CAD ($) $ in Millions	Jul. 31, 2024	Oct. 31, 2023
Disclosure of deposits [line items]
Term deposit liabilities	$ 716,248	$ 643,522
Less than 3 months [member]
Disclosure of deposits [line items]
Term deposit liabilities	198,081	182,373
3 to 6 months [member]
Disclosure of deposits [line items]
Term deposit liabilities	99,948	69,868
6 to 12 months [member]
Disclosure of deposits [line items]
Term deposit liabilities	156,531	151,079
1 to 2 years [member]
Disclosure of deposits [line items]
Term deposit liabilities	82,251	76,232
2 to 3 years [member]
Disclosure of deposits [line items]
Term deposit liabilities	58,623	49,965
3 to 4 years [member]
Disclosure of deposits [line items]
Term deposit liabilities	45,802	36,774
4 to 5 years [member]
Disclosure of deposits [line items]
Term deposit liabilities	24,876	36,506
Over 5 years [member]
Disclosure of deposits [line items]
Term deposit liabilities	$ 50,136	$ 40,725

Deposits - Summary of Contrac_2

Deposits - Summary of Contractual Maturities of Term Deposit Liabilities (Parenthetical) (Detail) - CAD ($) $ in Billions	Jul. 31, 2024	Oct. 31, 2023
Deposits from customers [abstract]
Term deposits one hundred thousand dollars or more	$ 644	$ 586

Insurance and reinsurance - Sum

Insurance and reinsurance - Summary of Insurance and Reinsurance Contracts by Measurement Components (Detail) - CAD ($) $ in Millions	Jul. 31, 2024	Oct. 31, 2023
Disclosure of reconciliation of changes in insurance contracts by components [line items]
Insurance contract assets	$ 757	$ 681
Insurance contract liabilities for segregated funds	(3,228)	(2,632)
Insurance contract liabilities excluding segregated funds	(17,925)	(16,394)
Insurance contract liabilities	(21,153)	(19,026)
Reinsurance contract held assets	1,637	1,582
Reinsurance contract held liabilities	(33)	(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	1,923	1,790
Insurance contract liabilities for segregated funds	(3,065)	(2,553)
Insurance contract liabilities excluding segregated funds	(13,789)	(11,955)
Insurance contract liabilities	(16,854)	(14,508)
Reinsurance contract held assets	402	327
Reinsurance contract held liabilities	(85)	(42)
Risk adjustment for non-financial risk [member]
Disclosure of reconciliation of changes in insurance contracts by components [line items]
Insurance contract assets	(574)	(544)
Insurance contract liabilities for segregated funds	(19)	(15)
Insurance contract liabilities excluding segregated funds	(1,974)	(2,308)
Insurance contract liabilities	(1,993)	(2,323)
Reinsurance contract held assets	533	469
Reinsurance contract held liabilities	11	6
CSM [member]
Disclosure of reconciliation of changes in insurance contracts by components [line items]
Insurance contract assets	(592)	(565)
Insurance contract liabilities for segregated funds	(144)	(64)
Insurance contract liabilities excluding segregated funds	(2,162)	(2,131)
Insurance contract liabilities	(2,306)	(2,195)
Reinsurance contract held assets	702	786
Reinsurance contract held liabilities	41	18
CSM for insurance contracts, net of reinsurance contracts held	$ (2,155)	$ (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		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Insurance service result [abstract]
Insurance revenue	$ 1,303	$ 1,165	$ 3,755	$ 3,474
Insurance service expense	(1,059)	(954)	(3,043)	(2,737)
Net income (expense) from reinsurance contracts held	(30)	(62)	(108)	(171)
Total	214	149	604	566
Insurance investment result
Net investment income	185	168	2,289	1,331
Insurance finance income (expense)	(159)	55	(2,155)	(1,246)
Reinsurance finance income (expense)	2	(72)	94	7
Total	28	151	228	92
Insurance service and insurance investment results	$ 242	$ 300	$ 832	$ 658

Employee benefits - Pension a_3

Employee benefits - Pension and other post-employment benefits - Summary of Composition of Pension and Other Post-employment Benefit Expense (Detail) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Disclosure of pension and other post employment plan [Line Items]
Total pension and other post-employment benefit expense	$ 5,406	$ 4,764	$ 15,660	$ 14,187
Defined benefit pension plans [member] \| Pension Expense [Member]
Disclosure of pension and other post employment plan [Line Items]
Current service costs	47	48	140	146
Net interest expense (income)	(37)	(40)	(112)	(121)
Administrative expense	5	3	13	9
Defined benefit pension expense	15	11	41	34
Defined contribution pension plans [Member] \| Pension Expense [Member]
Disclosure of pension and other post employment plan [Line Items]
Defined contribution pension expense	115	84	319	245
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	130	95	360	279
Other post employment benefit [member] \| Other post employment benefit expense [Member]
Disclosure of pension and other post employment plan [Line Items]
Current service costs	9	8	25	24
Past service costs	(6)		(6)
Net interest expense (income)	20	19	60	58
Remeasurements of other long-term benefits	(5)	(1)	4	2
Defined benefit pension expense	18	26	83	84
Total pension and other post-employment benefit expense	$ 18	$ 26	$ 83	$ 84

Employee benefits - Pension a_4

Employee benefits - Pension and other post-employment benefits - Summary of Composition of Remeasurements Recorded in OCI (Detail) - Remeasurements of Employee Benefit Plans to OCI [member] - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Defined benefit pension plans [member]
Actuarial (gains) losses:
Changes in financial assumptions	$ 658	$ (483)	$ 1,381	$ 421
Experience adjustments		1		1
Return on plan assets (excluding interest based on discount rate)	(785)	313	(1,789)	(248)
Total remeasurements of employee benefit plans	(127)	(169)	(408)	174
Other post employment benefit [member]
Actuarial (gains) losses:
Changes in financial assumptions	68	(45)	138	45
Experience adjustments	3		3	(2)
Total remeasurements of employee benefit plans	$ 71	$ (45)	$ 141	$ 43

Income taxes - Additional Infor

Income taxes - Additional Information (Detail) - CAD ($) $ in Millions		3 Months Ended
	Jun. 20, 2024	Jul. 31, 2024
Budget implementation act of 2024 of Government of Canada [Member]
Additional details on Income taxes [line items]
Percentage of global minimum tax rate	15%
2019 taxation year [Member]
Additional details on Income taxes [line items]
Tax examinations and assessments amount		$ 277

Significant capital and fundi_3

Significant capital and funding transactions - Summary of Common Shares Issued (Detail) - CAD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Disclosure of classes of share capital [line items]
Issued in connection with share-based compensation plans	$ (2)		$ 6	$ 4
Purchased for cancellation	$ (73)		$ (73)
Common shares [member]
Disclosure of classes of share capital [line items]
Issued in connection with share-based compensation plans, shares	683	174	1,311	678
Issued in connection with dividend reinvestment plan, shares		5,355	11,850	9,959
Purchased for cancellation, shares	(480)		(480)
Increase (decrease) in number of ordinary shares issued, shares	203	5,529	12,681	10,637
Issued in connection with share-based compensation plans	$ 66	$ 16	$ 126	$ 61
Issued in connection with dividend reinvestment plan		670	1,460	1,291
Purchased for cancellation	(7)		(7)
Increase (decrease) in equity	$ 59	$ 686	$ 1,579	$ 1,352

Significant capital and fundi_4

Significant capital and funding transactions - Summary of Common Shares Issued (Parenthetical) (Detail) - Common shares [member] $ in Millions	3 Months Ended	9 Months Ended
	Jul. 31, 2024 CAD ($) $ / shares	Jul. 31, 2024 CAD ($) $ / shares
Disclosure of classes of share capital [line items]
Average Book Value Per Share \| $ / shares	$ 14.82	$ 14.82
Book Value Of Common Shares Purchased \| $	$ 7	$ 7
Fair value of common shares purchased \| $	$ 73	$ 73
Average cost of shares purchased for cancellation \| $ / shares	$ 152.66	$ 152.66

Significant capital and fundi_5

Significant capital and funding transactions - Additional Information (Detail) $ / shares in Units, shares in Thousands, $ in Millions, $ in Millions

3 Months Ended

9 Months Ended

Jul. 29, 2024 CAD ($)

Jul. 25, 2024 CAD ($)

Jul. 24, 2024 CAD ($)

Apr. 24, 2024 USD ($) $ / shares

Apr. 02, 2024 CAD ($)

Jan. 25, 2024 CAD ($)

Jul. 31, 2024 CAD ($)

Jul. 31, 2023 CAD ($)

Jul. 31, 2024 CAD ($)

Jul. 31, 2023 CAD ($)

Aug. 24, 2024 $ / shares shares

Jul. 24, 2024 $ / shares shares

May 24, 2024 $ / shares shares

Jan. 25, 2024 $ / shares shares

Nov. 07, 2023 $ / shares shares

Disclosure Of Significant Capital And Funding Transactions [Line Items]

Repayment of subordinated liabilities | $

$ 1,500

$ 110

$ 1,500

$ 170

Proceeds from issue of preference shares | $

$ 596

$ 2,702

Series 4 Preferred Shares [Member]

Disclosure Of Significant Capital And Funding Transactions [Line Items]

Par value per share | $ / shares

$ 1,000

Series Bv Preferred Shares [Member]

Disclosure Of Significant Capital And Funding Transactions [Line Items]

Proceeds from issuing shares | $

$ 1,000

Par value per share | $ / shares

$ 1,000

Series 4 Common Shares [Member]

Disclosure Of Significant Capital And Funding Transactions [Line Items]

Proceeds from issuing shares | $

$ 1,000

Series C2 Depositary Shares [Member]

Disclosure Of Significant Capital And Funding Transactions [Line Items]

Number of shares redeemed | shares

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 | shares

Series BU Preference Shares [Member]

Disclosure Of Significant Capital And Funding Transactions [Line Items]

Number of shares issued | shares

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%

Series BW Preference Shares [Member]

Disclosure Of Significant Capital And Funding Transactions [Line Items]

Number of shares issued | shares

600

Par value per share | $ / shares

$ 1,000

Proceeds from issue of preference shares | $

$ 600

Percentage of semi annual cash dividend

6.698%

Percentage of premium

3.40%

Subordinated debenture [member]

Disclosure Of Significant Capital And Funding Transactions [Line Items]

Proceeds from issuance of subordinated debentures | $

$ 1,250

$ 2,000

Interest rate

4.829%

5.096%

Earliest par value redemption date

Aug. 08, 2029

Apr. 03, 2029

Maturity

August 8, 2034

April 3, 2034

Borrowings, interest rate basis

Daily Compounded Canadian Overnight Repo Rate Average plus 1.55%

Daily Compounded Canadian Overnight Repo Rate Average plus 1.56%

Borrowings, adjustment to interest rate basis

1.55%

1.56%

Subordinated debenture [member] | July Twenty Five Two Thousand Twenty Nine [Member]

Disclosure Of Significant Capital And Funding Transactions [Line Items]

Repayment of subordinated liabilities | $

$ 1,500

Borrowings, interest rate basis

2.740

Debt instrument percentage of principal amount redeemed

100%

U S Treasury Rate [Member]

Disclosure Of Significant Capital And Funding Transactions [Line Items]

Interest rate

2.887%

Maturity

May 2, 2084

Fixed Rate [member]

Disclosure Of Significant Capital And Funding Transactions [Line Items]

Interest rate

7.50%

Maturity

May 2, 2029

Top of range [member] | Series Bv Preferred Shares [Member]

Disclosure Of Significant Capital And Funding Transactions [Line Items]

Par value per share | $ / shares

$ 5

Events after reporting period [member] | Series BB Preferred Shares [Member]

Disclosure Of Significant Capital And Funding Transactions [Line Items]

Redemption price per share | $ / shares

$ 25

Number of shares redeemed | shares

20,000

Events after reporting period [member] | Series Az Preferred Shares [Member]

Disclosure Of Significant Capital And Funding Transactions [Line Items]

Redemption price per share | $ / shares

$ 25

Number of shares redeemed | shares

20,000

Earnings per share - Summary of

Earnings per share - Summary of Earnings Per Share (Detail) - CAD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Basic earnings per share
Net income	$ 4,486	$ 3,860	$ 12,018	$ 10,673
Dividends on preferred shares and distributions on other equity instruments	(108)	(60)	(236)	(187)
Net income attributable to non-controlling interests	(3)	(2)	(7)	(5)
Net income available to common shareholders	$ 4,377	$ 3,800	$ 11,780	$ 10,499
Weighted average number of common shares (in thousands)	1,414,194	1,393,515	1,411,044	1,388,217
Basic earnings per share (in dollars)	$ 3.09	$ 2.73	$ 8.35	$ 7.56
Diluted earnings per share
Net income available to common shareholders	$ 4,377	$ 3,800	$ 11,780	$ 10,499
Weighted average number of common shares (in thousands)	1,414,194	1,393,515	1,411,044	1,388,217
Stock options	1,929	1,398	1,574	1,614
Issuable under other share-based compensation plans	26	26	26	26
Average number of diluted common shares (in thousands)	1,416,149	1,394,939	1,412,644	1,389,857
Diluted earnings per share (in dollars)	$ 3.09	$ 2.73	$ 8.34	$ 7.55
Equity attributable to shareholders [member]
Basic earnings per share
Net income	$ 4,483	$ 3,858	$ 12,011	$ 10,668
Dividends on preferred shares and distributions on other equity instruments	$ (106)	$ (58)	$ (231)	$ (169)

Earnings per share - Summary _2

Earnings per share - Summary of Earnings Per Share (Parenthetical) (Detail) - Dilutive potential shares from stock options [Member] - $ / shares	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Earnings per share [line items]
Outstanding options excluded from calculation of diluted earnings per share	0	2,244,505	0	917,036
Average exercise price		$ 130.78		$ 131.64

Legal and regulatory matters -

Legal and regulatory matters - Additional Information (Detail) $ in Millions	Aug. 14, 2024 USD ($)	Mar. 05, 2024 EUR (€)
Disclosure of other provisions [line items]
Current legal proceedings provision \| €		€ 5,000
RBC Capital Markets [Member] \| Fines and Penalties Payable as Per the Determination by Securities Exchange Commission [Member]
Disclosure of other provisions [line items]
Settlement amount payable value \| $	$ 45

Results by Business Segment - D

Results by Business Segment - Detailed Report of Segments (Detail) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023	Oct. 31, 2023
Disclosure of operating segments [line items]
Net interest income	$ 7,327	$ 6,286	$ 20,282	$ 18,587
Non-interest income	7,304	6,691	21,988	20,192
Total revenue	14,631	12,977	42,270	38,779
Provision for credit losses	659	616	2,392	1,748
Non-interest expense	8,599	7,765	25,231	22,754
Income (loss) before income taxes	5,373	4,596	14,647	14,277
Income taxes (recoveries)	887	736	2,629	3,604
Net income	4,486	3,860	12,018	10,673
Non-interest expense includes:
Depreciation and amortization	759	693	2,142	2,066
Total assets	2,076,107		2,076,107		$ 2,006,531
Total liabilities	1,951,615		1,951,615		1,891,384
Operating segments [member] \| Personal & Commercial Banking [member]
Disclosure of operating segments [line items]
Net interest income	5,052	4,062	13,668	11,886
Non-interest income	1,673	1,501	4,841	4,516
Total revenue	6,725	5,563	18,509	16,402
Provision for credit losses	607	305	1,995	1,128
Non-interest expense	2,715	2,319	7,482	6,805
Income (loss) before income taxes	3,403	2,939	9,032	8,469
Income taxes (recoveries)	913	805	2,430	2,294
Net income	2,490	2,134	6,602	6,175
Non-interest expense includes:
Depreciation and amortization	325	240	840	721
Total assets	736,538		736,538		636,046
Total liabilities	736,467		736,467		635,952
Operating segments [member] \| Wealth Management [member]
Disclosure of operating segments [line items]
Net interest income	1,133	1,047	3,419	3,352
Non-interest income	3,632	3,355	10,501	10,004
Total revenue	4,765	4,402	13,920	13,356
Provision for credit losses	16	102	54	196
Non-interest expense	3,679	3,498	11,100	10,379
Income (loss) before income taxes	1,070	802	2,766	2,781
Income taxes (recoveries)	208	139	529	569
Net income	862	663	2,237	2,212
Non-interest expense includes:
Depreciation and amortization	299	312	919	925
Total assets	177,293		177,293		179,227
Total liabilities	175,910		175,910		177,389
Operating segments [member] \| Insurance [member]
Disclosure of operating segments [line items]
Non-interest income	285	336	946	762
Total revenue	285	336	946	762
Provision for credit losses	1		2
Non-interest expense	70	69	210	204
Income (loss) before income taxes	214	267	734	558
Income taxes (recoveries)	44	52	167	106
Net income	170	215	567	452
Non-interest expense includes:
Depreciation and amortization	3	15	6	39
Total assets	27,501		27,501		24,130
Total liabilities	27,463		27,463		24,895
Operating segments [member] \| Capital Markets [member]
Disclosure of operating segments [line items]
Net interest income	817	907	2,242	2,650
Non-interest income	2,187	1,772	6,867	5,837
Total revenue	3,004	2,679	9,109	8,487
Provision for credit losses	38	209	342	424
Non-interest expense	1,755	1,620	5,119	4,831
Income (loss) before income taxes	1,211	850	3,648	3,232
Income taxes (recoveries)	39	(99)	60	80
Net income	1,172	949	3,588	3,152
Non-interest expense includes:
Depreciation and amortization	133	126	387	381
Total assets	1,045,826		1,045,826		1,100,172
Total liabilities	1,045,630		1,045,630		1,099,893
Unallocated amounts [member]
Disclosure of operating segments [line items]
Net interest income	325	270	953	699
Non-interest income	(473)	(273)	(1,167)	(927)
Total revenue	(148)	(3)	(214)	(228)
Provision for credit losses	(3)		(1)
Non-interest expense	380	259	1,320	535
Income (loss) before income taxes	(525)	(262)	(1,533)	(763)
Income taxes (recoveries)	(317)	(161)	(557)	555
Net income	(208)	$ (101)	(976)	$ (1,318)
Non-interest expense includes:
Depreciation and amortization	(1)		(10)
Total assets	88,949		88,949		66,956
Total liabilities	$ (33,855)		$ (33,855)		$ (46,745)

Capital management - Summary of

Capital management - Summary of Regulatory Capital and Capital Ratios (Detail) - CAD ($) $ in Millions	Jul. 31, 2024	Oct. 31, 2023
Capital
CET1 capital	$ 86,230	$ 86,611
Tier 1 capital	95,724	93,904
Total capital	108,079	104,952
Risk-weighted assets (RWA) used in calculation of capital ratios
Credit risk	540,482	475,842
Market risk	32,920	40,498
Operational risk	87,775	79,883
Total RWA	$ 661,177	$ 596,223
Capital ratios and Leverage ratio
CET1 ratio	13%	14.50%
Tier 1 capital ratio	14.50%	15.70%
Total capital ratio	16.30%	17.60%
Leverage ratio	4.20%	4.30%
Leverage ratio exposure	$ 2,271,007	$ 2,179,590
TLAC available and ratios
TLAC available	$ 187,656	$ 184,916
TLAC ratio	28.40%	31%
TLAC leverage ratio	8.30%	8.50%