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Subordinated indebtedness (Tables)
 12 Months Ended
Oct. 31, 2025
Text Block [Abstract]  
Schedule of Terms of Subordinated Indebtedness
$ millions, as at October 31
 
 
  
 
 
  
 
  
  
 
 
2025
 
  
  
 
  
2024
 
 
 
 
 
 
 
Earliest date redeemable
 
 
 
 
  
 
 
 
 
 
  
 
 
  
 
 
Interest
rate %
 
 
Contractual
maturity date
 
 
At greater of
Canada Yield Price 
(1)
and par
 
 
At par
 
 
Denominated
in foreign
currency
 
  
Par
value
 
 
Carrying
value
 (2)
 
  
Par
value
 
  
Carrying
value
 (2)
 
  8.70       May 25, 2029
 (3)
 		         
$
25
 
  
$
30
 
    $ 25      $ 31  
  2.01  
(4)(5)
 		     July 21, 2030         July 21, 2025       
 
–
 
  
 
–
 
      1,000        979  
  11.60       January 7, 2031       January 7, 1996         
 
200
 
  
 
192
 
      200        186  
  1.96  
(4)(6)
 		     April 21, 2031         April 21, 2026       
 
1,000
 
  
 
988
 
      1,000        958  
  10.80       May 15, 2031       May 15, 2021         
 
150
 
  
 
144
 
      150        140  
  4.20  
(4)(7)
 		     April 7, 2032         April 7, 2027       
 
1,000
 
  
 
1,003
 
      1,000        993  
  8.70       May 25, 2032
 (3)
 		         
 
25
 
  
 
33
 
      25        33  
  5.33  
(4)(8)
 		     January 20, 2033         January 20, 2028       
 
1,000
 
  
 
1,011
 
      1,000        1,060  
  5.35  
(4)(9)
 		     April 20, 2033         April 20, 2028       
 
750
 
  
 
765
 
      750        750  
  8.70       May 25, 2033
 (3)
 		         
 
25
 
  
 
34
 
      25        34  
  5.30  
(4)(10)
 		     January 16, 2034         January 16, 2029       
 
1,250
 
  
 
1,293
 
      1,250        1,250  
  4.90  
(4)(11)
 		     June 12, 2034         June 12, 2029       
 
1,000
 
  
 
1,034
 
      1,000        1,000  
  4.15  
(4)(12)
 		     April 2, 2035         April 2, 2030       
 
1,250
 
  
 
1,252
 
      –        –  
  8.70       May 25, 2035
 (3)
 		         
 
25
 
  
 
35
 
      25        35  
  Floating  
(13)
 		     July 31, 2084         July 27, 1990       US$38 million     
 
–
 
  
 
–
 
      53        53  
  Floating  
(14)
 		     August 31, 2085               August 20, 1991       US$10 million     
 
–
 
  
 
–
 
      13        13  
          
 
7,700
 
  
 
7,814
 
      7,516        7,515  
 
Subordinated indebtedness sold short (held) for trading purposes
     
 
5
 
  
 
5
 
      (50 )       (50 ) 
 
Total subordinated indebtedness
     
$
  7,705
 
  
$
  7,819
 
    $   7,466      $
   7,465  
 
(1)
Canada Yield Price: a price calculated at the time of redemption to provide a yield to maturity equal to the yield of a Government of Canada bond of appropriate maturity plus a pre-determined spread.
(2)
Carrying values of fixed-rate subordinated indebtedness notes reflect the impact of interest rate hedges in an effective hedge relationship.
(3)
Not redeemable prior to maturity date.
(4)
Debentures are also subject to a non-viability contingent capital (NVCC) provision, necessary for the Debentures to qualify as Tier 2 regulatory capital under Basel III. As such, the Debentures are automatically converted into common shares upon the occurrence of a Trigger Event as described in the capital adequacy guidelines. In such an event, the Debentures are convertible into a number of common shares, determined by dividing 150% of the par value plus accrued and unpaid interest by the average common share price (as defined in the relevant prospectus supplements) subject to a minimum price of $2.50 per share (subject to adjustment in certain events as defined in the relevant prospectus supplements).
(5)
On July 21, 2025, we redeemed all $
1.0
billion of our 2.01% Debentures due July 21, 2030. In accordance with their terms, the Debentures were redeemed at 100% of their principal amount, together with accrued and unpaid interest thereon. 
(6)
Interest rate is fixed at the indicated rate until the earliest date redeemable at par by CIBC and, thereafter, at a rate of 0.56% above the three-month Canadian dollar bankers’ acceptance rate or an appropriate alternative rate.
(
7
)
Interest rate is fixed at the indicated rate until the earliest date redeemable at par by CIBC and, thereafter, at Daily Compounded Canadian Overnight Repo Rate Average (CORRA) plus 1.69%.
(
8
)
Interest rate is fixed at the indicated rate until the earliest date redeemable at par by CIBC and, thereafter, at Daily Compounded CORRA plus 2.37%.
(
9
)
Interest rate is fixed at the indicated rate until the earliest date redeemable at par by CIBC and, thereafter, at Daily Compounded CORRA plus 2.23%.
(1
0
)
Interest rate is fixed at the indicated rate until the earliest date redeemable at par by CIBC and, thereafter, at Daily Compounded CORRA plus 2.02%.
(1
1
)
Interest rate is fixed at the indicated rate until the earliest date redeemable at par by CIBC and, thereafter, at Daily Compounded CORRA plus 1.56%.
(1
2
)
Interest rate is fixed at the indicated rate until the earliest date redeemable at par by CIBC and, thereafter, at Daily Compounded CORRA plus 1.72%.
(1
3
)
On January 31, 2025, we redeemed all US$38 million of our Floating Rate Subordinated Capital Debentures due 2084.
 
In accordance with their terms, the Debentures were redeemed at 100% of their principal amount, together with accrued and unpaid interest thereon. 
(1
4
)
On February 28, 2025, we redeemed all US$10 million of our Floating Rate Subordinated Capital Debentures due 2085.
 
In accordance with their terms, the Debentures were redeemed at 100% of their principal amount, together with accrued and unpaid interest thereon.