Note 14 - Interest Rate Risk Position

3 Months Ended

Jan. 31, 2022

Statement Line Items [Line Items]

Disclosure of how entity manages liquidity risk [text block]

14.         Interest rate risk position:

The Bank is subject to interest rate risk which is the risk that a movement in interest rates could negatively impact net interest margin, net interest income and the economic value of assets, liabilities and shareholders’ equity. The following table provides the duration difference between the Bank’s assets and liabilities and the potential after-tax impact of a 100 basis point shift in interest rates on the Bank’s earnings during a 12 month period as well as the potential after-tax impact of a 100 basis point shift in interest rates on the Bank’s shareholders’ equity over a 60 month period if no remedial actions are taken.          

(thousands of Canadian dollars)
	January 31, 2022					October 31, 2021
	Increase 100 bps		Decrease 100 bps			Increase 100 bps		Decrease 100 bps
Increase (decrease):
Impact on projected net interest income during a 12 month period	$	3,951	$	(3,951	)	$	4,147	$	(3,220	)
Impact on reported equity during a 60 month period	$	717	$	(1,196	)	$	1,603	$	(1,586	)
Duration difference between assets and liabilities (months)		2.0					2.3