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Consolidated Statement of Cash Flows - CAD ($)
$ in Millions
3 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Cash Flows Provided by Operating Activities    
Net Income $ 2,138 $ 1,292
Adjustments to determine net cash flows provided by operating activities:    
Securities (gains), other than trading (Note 2) (58) (13)
Depreciation of premises and equipment 253 244
Depreciation of other assets 4 9
Amortization of intangible assets 288 279
Provision for credit losses (Note 3) 1,011 627
Deferred taxes 171 112
Share of (profit) in associates and joint ventures (49) (38)
Changes in operating assets and liabilities:    
Trading securities (8,092) (17,075)
Derivative asset (8,302) 14,927
Derivative liabilities 8,383 (13,948)
Current income taxes 24 327
Accrued interest receivable and payable (249) 412
Insurance-related liabilities 771 2,042
Brokers, dealers and clients receivable and payable 683 2,773
Other items and accruals, net (9,171) (5,226)
Deposits (9,042) 19,587
Loans 1,306 3,673
Securities sold but not yet purchased 8,058 598
Securities lent or sold under repurchase agreements 8,260 4,659
Securities borrowed or purchased under resale agreements 2,911 (2,136)
Securitization and structured entities' liabilities 5,574 2,857
Net Cash Provided by Operating Activities 4,872 15,982
Cash Flows (Used in) Financing Activities    
Net (decrease) in liabilities of subsidiaries (994) (4,335)
Redemption of preferred shares (Note 6) (300)  
Net proceeds from issuance of common shares (Note 6) 44 21
Net purchase of treasury shares (7) (1)
Common shares repurchased for cancellation (Note 6) (173)  
Cash dividends and distributions paid (1,283) (745)
Repayment of lease liabilities (60) (92)
Net Cash (Used in) Financing Activities (2,773) (5,152)
Cash Flows Provided by (Used in) Investing Activities    
Interest bearing deposits with banks 452 (203)
Purchases of securities, other than trading (18,556) (24,301)
Maturities of securities, other than trading 16,700 7,089
Proceeds from sales of securities, other than trading 9,127 5,189
Net purchases of premises and equipment and software (386) (392)
Net Cash Provided by (Used in) Investing Activities 7,337 (12,618)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 1,926 (1,487)
Net increase (decrease) in Cash and Cash Equivalents 11,362 (3,275)
Cash and Cash Equivalents at Beginning of Period 65,098 77,934
Cash and Cash Equivalents at End of Period 76,460 74,659
Net cash provided by operating activities includes:    
Interest paid in the period [1] 11,677 10,673
Income taxes paid in the period 480 419
Interest received in the period 16,113 15,325
Dividends received in the period $ 726 $ 549
[1] Includes dividends paid on securities sold but not yet purchased.