Note 6 - Subordinated Notes Payable

6 Months Ended

Apr. 30, 2022

Statement Line Items [Line Items]

Disclosure of borrowings [text block]

6. Subordinated notes payable:

(thousands of Canadian dollars)
	April 30		October 31		April 30
	2022		2021		2021
Ten year term, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $5.0 million, $500,000 is held by related party (note 12), effective interest rate of 10.41%, maturing March 2029.	$	4,903	$	4,898	$	4,894
Ten year term, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of USD $75.0 million, effective interest rate of 5.38%, maturing May 2031.		93,507		90,374		89,498
	$	98,410	$	95,272	$	94,392