LEASE COMMITMENTS

9 Months Ended

Jul. 31, 2012

LEASE COMMITMENTS [Text Block]

9. LEASE COMMITMENTS

     Canal’s corporate headquarters are now located in the personal residence of its Chief Financial Officer.

     There are no operating leases that have initial or remaining non-cancellable terms in excess of one year as of July 31, 2012. Accordingly, Canal has no future minimum payments due over the next five years.