Concentration of credit risk (Tables)

12 Months Ended

Oct. 31, 2024

Text Block [Abstract]

Exposure to credit risk

Credit exposure by country of ultimate risk

$ millions, as at October 31							2024								2023
	Canada		U.S.		Other countries		Total		Canada		U.S.		Other countries		Total
On-balance sheet
Major assets (1)(2)(3)	$	627,621	$	259,280	$	110,984	$	997,885	$	604,145	$	239,201	$	91,951	$	935,297
Off-balance sheet
Credit-related arrangements (4)
Financial institutions	$	46,567	$	31,083	$	6,522	$	84,172	$	31,849	$	25,917	$	4,964	$	62,730
Governments		10,913		153		15		11,081		10,103		82		33		10,218
Retail		199,324		1,125		525		200,974		189,006		1,072		511		190,589
Corporate		80,644		49,994		13,546		144,184		79,461		44,886		12,457		136,804
	$	337,448	$	82,355	$	20,608	$	440,411	$	310,419	$	71,957	$	17,965	$	400,341

(1) Major assets consist of cash and deposits with banks, loans and acceptances net of allowance for credit losses, securities, securities borrowed or purchased under resale agreements, and derivative instruments.

(2) Includes Canadian currency of $596.4 billion (2023: $573.1 billion) and foreign currencies of $401.5 billion (2023: $362.2 billion).

(3) No industry or foreign jurisdiction accounted for 10% or more of loans and acceptances net of allowance for credit losses, with the exception of the U.S., which accounted for 15% as at October 31, 2024 (2023: 15%) and the real estate and construction industry, which across all jurisdictions accounted for 10% as at October 31, 2024 (2023: 11%). Canadian residential mortgages accounted for 49% as at October 31, 2024 (2023: 50%) of loans and acceptances net of allowance for credit losses.

(4) Certain information has been revised to conform to the current year presentation.