Canadian General Investments: Investment Update - Unaudited
Morgan Meighen & Associates


Toronto, Canada, November 2, 2007 – Canadian General Investments, Limited (CGI) reports on an unaudited basis that its net asset value per share (NAV) at October 31, 2007 was $36.10, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 15.9% and 30.4%, respectively. CGI’s returns compare with the 15.6% and 24.3% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.

The closing price for CGI’s common shares at October 31 was $30.48, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 12.0% and 21.9%, respectively.

The sector weightings of CGI’s investment portfolio at market as of October 31, 2007 were as follows:

Materials	22.7%
Financials	22.5%
Energy	20.5%
Industrials	10.9%
Consumer Discretionary	7.9%
Information Technology	5.8%
Telecommunication Services	4.1%
Consumer Staples	2.6%
Utilities	1.5%
Health Care	0.9%
Cash & Cash Equivalents	0.6%

The top ten investments, which comprised 21.2% of the investment portfolio at market, excluding non-convertible preferred shares, as of October 31, 2007 were as follows:

Research In Motion Limited	3.7%
Rogers Communications Inc.	2.7%
Cameco Corporation	2.3%
TSX Group Inc.	2.0%
BPO Properties Ltd.	2.0%
Thompson Creek Metals Company Inc.	1.8%
BMTC Group Inc.	1.8%
HudBay Minerals Inc.	1.7%
Labrador Iron Ore Royalty Income Fund	1.6%
Russel Metals Inc.	1.6%

Note 1: CGI’s investment in NYSE Euronext, Inc. through its holdings in Caldwell New York Limited Partnership and Caldwell New York LP IV represented 2.6% of its investment portfolio at October 31, 2007.


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