I have a canvas, on this canvas there are several elements. I can get the bounds of these elements separately.
How can I calculate the bounds of all elements with that data?
Please look at this graphical representation, hope that clarifies things.

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Pull the Point values for each corner of your elements into a list and then get the min and max X and Y values
This site shows how to find the values for each corner
http://forums.silverlight.net/t/12160.aspx/1