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Trading Assets (Tables)
 12 Months Ended
Oct. 31, 2025
Text Block [Abstract]  
Summary of Analysis of Carrying Value of Trading Securities
(a)
Trading securities
An analysis of the carrying value of trading securities is as follows:
 
As at October 31, 2025 ($ millions)  
Remaining term to maturity
         
    
Within three
months
    
Three to
twelve
months
    
One to
five years
    
Five to ten
years
    
Over ten
years
    
No specific
maturity
    
Carrying
value
  
Trading securities:
              
Canadian federal government issued or guaranteed debt
  
$
357
 
  
$
2,143
 
  
$
7,102
 
  
$
3,606
 
  
$
2,593
 
  
$
–
 
  
$
15,801
 
Canadian provincial and municipal debt
  
 
1,410
 
  
 
1,545
 
  
 
2,101
 
  
 
1,856
 
  
 
4,798
 
  
 
–
 
  
 
11,710
 
U.S. treasury and other U.S. agency debt
  
 
807
 
  
 
1,628
 
  
 
3,961
 
  
 
1,871
 
  
 
865
 
  
 
–
 
  
 
9,132
 
Other foreign government debt
  
 
670
 
  
 
3,441
 
  
 
4,347
 
  
 
1,406
 
  
 
424
 
  
 
–
 
  
 
10,288
 
Equity securities
  
 
–
 
  
 
–
 
  
 
–
 
  
 
–
 
  
 
–
 
  
 
83,797
 
  
 
83,797
 
Other
  
 
730
 
  
 
1,044
 
  
 
5,591
 
  
 
2,019
 
  
 
732
 
  
 
–
 
  
 
10,116
 
Total
  
$
3,974
 
  
$
9,801
 
  
$
23,102
 
  
$
10,758
 
  
$
9,412
 
  
$
83,797
 
  
$
140,844
 
Total by currency (in Canadian equivalent):
              
Canadian dollar
  
$
2,328
 
  
$
4,115
 
  
$
11,627
 
  
$
6,147
 
  
$
7,889
 
  
$
24,118
 
  
$
56,224
 
U.S. dollar
  
 
920
 
  
 
2,339
 
  
 
8,266
 
  
 
3,711
 
  
 
1,125
 
  
 
44,421
 
  
 
60,782
 
Mexican peso
  
 
408
 
  
 
1,915
 
  
 
1,976
 
  
 
157
 
  
 
161
 
  
 
76
 
  
 
4,693
 
Other currencies
  
 
318
 
  
 
1,432
 
  
 
1,233
 
  
 
743
 
  
 
237
 
  
 
15,182
 
  
 
19,145
 
Total trading securities
  
$
3,974
 
  
$
9,801
 
  
$
23,102
 
  
$
10,758
 
  
$
9,412
 
  
$
83,797
 
  
$
140,844
 
As at October 31, 2024 ($ millions)  
Remaining term to maturity
         
    
Within three
months
    
Three to
twelve
months
    
One to
five years
    
Five to ten
years
    
Over ten
years
    
No specific
maturity
    
Carrying
value
  
Trading securities:
              
Canadian federal government issued or guaranteed debt
   $ 352     $ 1,646     $ 6,182     $ 3,626     $ 3,165     $ –     $ 14,971  
Canadian provincial and municipal debt
     920       893       1,774       937       3,889       –       8,413  
U.S. treasury and other U.S. agency debt
     1,724       2,439       7,237       2,461       1,189       –       15,050  
Other foreign government debt
     1,458       3,663       3,883       1,046       304       –       10,354  
Equity securities
     –       –       –       –       –       59,190       59,190  
Other
     316       2,468       5,792       2,728       623       7       11,934  
Total
   $ 4,770     $ 11,109     $ 24,868     $ 10,798     $ 9,170     $ 59,197     $ 119,912  
Total by currency (in Canadian equivalent):
              
Canadian dollar
   $ 1,570     $ 3,452     $ 9,779     $ 5,029     $ 7,397     $ 27,688     $ 54,915  
U.S. dollar
     1,604       3,643       10,711       4,426       1,570       24,796       46,750  
Mexican peso
     704       1,714       2,135       101       63       59       4,776  
Other currencies
     892       2,300       2,243       1,242       140       6,654       13,471  
Total trading securities
   $  4,770     $  11,109     $  24,868     $  10,798     $  9,170     $  59,197     $  119,912  
Summary of Geographic Breakdown Trading Loans
(b)
Trading loans
The following table provides the geographic breakdown of trading loans:
 
As at October 31 ($ millions)  
2025
    
2024
  
Trading loans
(1)(2)
    
U.S.
(3)
  
$
6,290
 
   $ 6,154  
Europe
(3)
  
 
434
 
     458  
Canada
(4)
  
 
1,759
 
     980  
Other
  
 
4
 
     57  
Total
  
$
 8,487
 
   $  7,649  
 
(1)
Geographic segmentation of trading loans is based upon the location of the ultimate risk of the underlying asset.
(2)
Loans are primarily denominated in U.S. dollars.
(3)
Includes trading loans that serve as a hedge to loan-based credit total return swaps.
(4)
Includes trading loans that serve as hedges to total return swaps, hedges for precious metal certificate liabilities and loans subject to sale through syndication.