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Consolidated statement of cash flows - CAD ($)
$ in Millions
 12 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2018
Cash flows provided by (used in) operating activities      
Net income $ 3,792 $ 5,121 $ 5,284
Adjustments to reconcile net income to cash flows provided by (used in) operating activities:      
Provision for credit losses 2,489 1,286 870
Amortization and impairment [1] 1,311 838 657
Stock options and restricted shares expense 14 16 31
Deferred income taxes (228) 108 69
Losses (gains) from debt securities measured at FVOCI and amortized cost (9) (34) 35
Net losses (gains) on disposal of property and equipment 4 (7) (14)
Other non-cash items, net (767) (229) (292)
Net changes in operating assets and liabilities      
Interest-bearing deposits with banks (5,468) (208) (2,599)
Loans, net of repayments (18,891) (17,653) (16,155)
Deposits, net of withdrawals 82,120 19,838 20,770
Obligations related to securities sold short 328 1,853 69
Accrued interest receivable 97 (122) (341)
Accrued interest payable (238) 138 205
Derivative assets (8,832) (2,484) 2,780
Derivative liabilities 5,184 4,037 (2,084)
Securities measured at FVTPL (8,296) (1,826) (647)
Other assets and liabilities measured/designated at FVTPL 1,563 1,222 (380)
Current income taxes 1,287 (309) (301)
Cash collateral on securities lent 2 (909) 707
Obligations related to securities sold under repurchase agreements 19,852 20,961 2,869
Cash collateral on securities borrowed (4,883) 1,824 (453)
Securities purchased under resale agreements (9,394) (10,785) (1,195)
Other, net (742) (4,041) (18)
Cash flows provided by (used in) operating activities 60,295 18,635 9,867
Cash flows provided by (used in) financing activities      
Issue of subordinated indebtedness 1,000 1,500 1,534
Redemption/repurchase/maturity of subordinated indebtedness (33) (1,001) (638)
Issue of preferred shares and limited recourse capital notes, net of issuance cost 747 568 445
Issue of common shares for cash 163 157 186
Purchase of common shares for cancellation (234) (109) (417)
Net sale (purchase) of treasury shares 14 1 6
Dividends and distributions paid (2,571) (2,406) (2,109)
Repayment of lease liabilities (307)    
Cash flows provided by (used in) financing activities (1,221) (1,290) (993)
Cash flows provided by (used in) investing activities      
Purchase of securities measured/designated at FVOCI and amortized cost (54,075) (42,304) (33,011)
Proceeds from sale of securities measured/designated at FVOCI and amortized cost 11,883 13,764 12,992
Proceeds from maturity of debt securities measured at FVOCI and amortized cost 23,093 10,948 12,402
Cash used in acquisitions, net of cash acquired   (25) (315)
Net cash provided by dispositions of investments in equity-accounted associates and joint ventures     200
Net sale (purchase) of property and equipment (309) (272) (255)
Cash flows provided by (used in) investing activities (19,408) (17,889) (7,987)
Effect of exchange rate changes on cash and non-interest-bearing deposits with banks 25 4 53
Net increase (decrease) in cash and non-interest-bearing deposits with banks during the year 39,691 (540) 940
Cash and non-interest-bearing deposits with banks at beginning of year 3,840 [2] 4,380 [2] 3,440
Cash and non-interest-bearing deposits with banks at end of year [2] 43,531 3,840 4,380
Cash interest paid 6,716 10,008 7,235
Cash interest received 16,774 19,840 16,440
Cash dividends received 845 735 724
Cash income taxes paid $ 39 $ 1,549 $ 1,654
[1] Comprises amortization and impairment of buildings, right-of-use assets, furniture, equipment, leasehold improvements, software and other intangible assets, and goodwill.
[2] Includes restricted cash of $463 million (2019: $479 million; 2018: $438 million) and interest-bearing demand deposits with Bank of Canada.