Securities (Tables)

3 Months Ended

Jan. 31, 2020

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Summary of Unrealized Gains and Losses

Unrealized Gains (Losses) for Securities at Fair Value Through Other Comprehensive Income

(millions of Canadian dollars)														As at
					January 31, 2020									October 31, 2019
	Cost/ amortized cost1		Gross unrealized gains		Gross unrealized (losses)			Fair value		Cost/ amortized cost1		Gross unrealized gains		Gross unrealized (losses)			Fair value
Securities at Fair Value Through Other Comprehensive Income
Government and government-related securities
Canadian government debt
Federal	$	8,963	$	74	$	(1	)	$	9,036	$	9,603	$	62	$	(2	)	$	9,663
Provinces		13,325		91		(35	)		13,381		12,890		77		(40	)		12,927
U.S. federal, state, municipal governments, and agencies debt		40,232		115		(40	)		40,307		40,703		86		(52	)		40,737
Other OECD government guaranteed debt		12,412		26		(5	)		12,433		14,394		21		(8	)		14,407
Mortgage-backed securities		5,007		22		(1	)		5,028		5,407		31		(1	)		5,437
		79,939		328		(82	)		80,185		82,997		277		(103	)		83,171
Other debt securities
Asset-backed securities		14,232		35		(53	)		14,214		15,890		29		(31	)		15,888
Non-agency collateralized mortgage obligation portfolio		218		–		–			218		247		–		–			247
Corporate and other debt		8,227		33		(19	)		8,241		7,832		27		(25	)		7,834
		22,677		68		(72	)		22,673		23,969		56		(56	)		23,969
Total debt securities		102,616		396		(154	)		102,858		106,966		333		(159	)		107,140
Equity securities
Common shares		2,576		72		(34	)		2,614		1,594		31		(27	)		1,598
Preferred shares		302		4		(56	)		250		302		4		(64	)		242
		2,878		76		(90	)		2,864		1,896		35		(91	)		1,840
Total securities at fair value through other comprehensive income	$	105,494	$	472	$	(244	)	$	105,722	$	108,862	$	368	$	(250	)	$	108,980

¹ Includes the foreign exchange translation of amortized cost balances at the period-end spot rate.

Summary of Equity Securities Designated at Fair Value Through Other Comprehensive Income

Equity Securities Designated at Fair Value Through Other Comprehensive Income

(millions of Canadian dollars)			As at		For the three months ended
	January 31, 2020		October 31, 2019		January 31, 2020		January 31, 2019
			Fair value		Dividend income recognized
Common shares	$	2,614	$	1,598	$	27	$	20
Preferred shares		250		242		3		4
Total	$	2,864	$	1,840	$	30	$	24

Summary of Net Securities Gains (Losses)

Securities Net Realized Gains (Losses)

(millions of Canadian dollars)	For the three months ended
	January 31 2020		January 31 2019
Debt securities at amortized cost	$	–	$	44
Debt securities at fair value through other comprehensive income		10		(55	)
Total	$	10	$	(11	)

Summary of Debt Securities by Risk Rating

Debt Securities by Risk Ratings

(millions of Canadian dollars)															As at
	January 31, 2020								October 31, 2019
		Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total
Debt securities
Investment grade	$	235,661	$	–	$	n/a	$	235,661	$	235,475	$	–	$	n/a	$	235,475
Non-Investment grade		1,936		116		n/a		2,052		2,109		54		n/a		2,163
Watch and classified		n/a		–		n/a		–		n/a		–		n/a		–
Default		n/a		n/a		–		–		n/a		n/a		–		–
Total debt securities		237,597		116		–		237,713		237,584		54		–		237,638
Allowance for credit losses on debt securities at amortized cost		1		–		–		1		1		–		–		1
Debt securities, net of allowance	$	237,596	$	116	$	–	$	237,712	$	237,583	$	54	$	–	$	237,637