Canadian World Fund: Investment Update - Unaudited
Morgan Meighen & Associates


Toronto, Canada, November 2, 2007 – Canadian World Fund Limited (CWF) reports on an unaudited basis that its net asset value per share (NAV) at October 31, 2007 was $7.74, resulting in year-to-date and 12-month NAV returns of -2.5% and 7.6%, respectively. This compares with the -5.2% and 3.2% returns of the benchmark Morgan Stanley All Country World Index, in Canadian dollar terms, for the same periods.

The closing price of CWF’s common shares at October 31 was $6.25, resulting in
year-to-date and 12-month market returns of -3.1% and 20.0%, respectively.

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

North America	47.7%
Asia	17.5%
Europe (Excluding U.K.)	14.4%
United Kingdom	12.3%
Latin America	7.0%
Africa	1.1%

The top ten investments which comprised 23.4% of the investment portfolio at market
as of October 31, 2007 were as follows:

Cash	3.0%
Apple Inc. (United States)	2.8%
Equinox Minerals Limited (Canada)	2.4%
Deere & Co. (United States)	2.3%
Petrominerales Ltd. (Canada)	2.3%
Altius Minerals Corporation (Canada)	2.2%
PT Bumi Resources Tbk (Indonesia)	2.1%
Autonomy Corporation plc (U.K.)	2.1%
Google Inc. (United States)	2.1%
HDFC Bank Ltd. (India)	2.1%

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