Securities (Tables)

6 Months Ended

Apr. 30, 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
					April 30, 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	$	16,453	$	115	$	(8	)	$	16,560	$	9,603	$	62	$	(2	)	$	9,663
Provinces		15,848		97		(107	)		15,838		12,890		77		(40	)		12,927
U.S. federal, state, municipal governments, and agencies debt		42,343		243		(71	)		42,515		40,703		86		(52	)		40,737
Other OECD government guaranteed debt		13,558		34		(8	)		13,584		14,394		21		(8	)		14,407
Mortgage-backed securities		4,625		37		(22	)		4,640		5,407		31		(1	)		5,437
		92,827		526		(216	)		93,137		82,997		277		(103	)		83,171
Other debt securities
Asset-backed securities		13,095		13		(327	)		12,781		15,890		29		(31	)		15,888
Non-agency collateralized mortgage obligation portfolio		198		–		–			198		247		–		–			247
Corporate and other debt		9,067		21		(183	)		8,905		7,832		27		(25	)		7,834
		22,360		34		(510	)		21,884		23,969		56		(56	)		23,969
Total debt securities		115,187		560		(726	)		115,021		106,966		333		(159	)		107,140
Equity securities
Common shares		2,686		28		(255	)		2,459		1,594		31		(27	)		1,598
Preferred shares		303		–		(113	)		190		302		4		(64	)		242
		2,989		28		(368	)		2,649		1,896		35		(91	)		1,840
Total securities at fair value through other comprehensive income	$	118,176	$	588	$	(1,094	)	$	117,670	$	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				For the six months ended
	April 30, 2020		October 31, 2019		April 30, 2020		April 30, 2019		April 30, 2020		April 30, 2019
	Fair value				Dividend income recognized				Dividend income recognized
Common shares	$	2,459	$	1,598	$	24	$	20	$	51	$	40
Preferred shares		190		242		4		3		7		7
Total	$	2,649	$	1,840	$	28	$	23	$	58	$	47

Summary of Net Securities Gains (Losses)

Securities Net Realized Gains (Losses)

(millions of Canadian dollars)		For the three months ended					For the six months ended
		April 30 2020			April 30 2019		April 30 2020			April 30 2019
Debt securities at amortized cost	$	–		$	–	$	–		$	44
Debt securities at fair value through other comprehensive income		(12	)		35		(2	)		(20	)
Total	$	(12	)	$	35	$	(2	)	$	24

Summary of Debt Securities by Risk Rating

Debt Securities by Risk Ratings

(millions of Canadian dollars)	As at
	April 30, 2020								October 31, 2019
	Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total
Debt securities
Investment grade	$	272,826	$	–	$	n/a	$	272,826	$	235,475	$	–	$	n/a	$	235,475
Non-Investment grade		2,424		153		n/a		2,577		2,109		54		n/a		2,163
Watch and classified		n/a		5		n/a		5		n/a		–		n/a		–
Default		n/a		n/a		–		–		n/a		n/a		–		–
Total debt securities		275,250		158		–		275,408		237,584		54		–		237,638
Allowance for credit losses on debt securities at amortized cost		2		–		–		2		1		–		–		1
Debt securities, net of allowance	$	275,248	$	158	$	–	$	275,406	$	237,583	$	54	$	–	$	237,637