Combine flours, wheatgerm, baking powder & soda & salt. Stir in oats & sugar. Mix thoroughly. Add raisins. Combine oil, molasses & water. Add to dry ingredients. Stir until thoroughly blended.
Turn into greased 23 X 13 X 7 cm loaf pan. Bake at 350F for 50 minutes.
Adapted from the Ontario Ministry of Health Recipes.