NOTE 21: INTEREST INCOME AND EXPENSE

The following table presents interest income and interest expense by basis of accounting measurement. Refer to Note 2 of the 2019 Annual Consolidated Financial Statements for the type of instruments measured at amortized cost and FVOCI.

Interest Income and Expense¹


(millions of Canadian dollars)			For the three months ended
	April 30, 2020				April 30, 2019
	Interest income		Interest expense		Interest income		Interest expense
Measured at amortized cost²	$	7,331	$	1,823	$	7,725	$	2,823

Measured at FVOCI		636		–		829		–
		7,967		1,823		8,554		2,823

Not measured at amortized cost or FVOCI³		1,456		1,140		1,719		1,578
Total	$	9,423	$	2,963	$	10,273	$	4,401

			For the six months ended
	April 30, 2020				April 30, 2019
	Interest income		Interest expense		Interest income		Interest expense
Measured at amortized cost²	$	15,288	$	4,340	$	15,550	$	5,751

Measured at FVOCI		1,281		–		1,689		–
		16,569		4,340		17,239		5,751

Not measured at amortized cost or FVOCI³		3,248		2,716		3,578		3,334
Total	$	19,817	$	7,056	$	20,817	$	9,085

¹	Certain comparative amounts have been reclassified to conform with the presentation adopted in the current period.

²	Includes interest expense on lease liabilities for the three and six months ended April 30, 2020 of $38 million and $77 million, respectively, upon adoption of IFRS 16 on November 1, 2019.

³	Includes interest income, interest expense, and dividend income for financial instruments that are measured or designated at FVTPL and equities designated at FVOCI.