That looks like a good tote to carry knitting in!
My favorite knitting bags are the LLBean canvas totes
. I have a tiny one that I use as a "knitting or crochet purse" - I'll use it to hold a small project such as mittens or a sock... it holds one skein perfectly, and any small dpns or crochet hooks I happen to be using at the time. Wonderfully portable when I'm travelling on the MBTA.