Pre-heat oven to 350°F.
Grease a 9x5 inch loaf pan with PAM, to prevent sticking.
In a large bowl, whisk together the first eight ingredients from the egg to the nutmeg.
Add the flour, baking powder and soda to the bowl. Fold together with a spatula.
Fold in the carrots and apples in the bowl.
Pour the mixture into the prepared loaf pan, making sure the top of the loaf is flat.
Bake for 45 to 55 minutes (until a toothpick or piece of spaghetti inserted in the middle of the loaf comes out clean, and the top of the loaf is crusty and slightly brown).
Let the loaf cool on a rack for 15 minutes. Cut into it and serve yourself a piece for a taste test before packing the rest up for hiking!