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To prevent bicycle theft - tips from readers on CBC: http://www.cbc.ca/news/yourbeststuff/2008/07/your_top_5_bicycle_theft_tips.html

Here are some good tips:

Go to the police station and purchase a bike license.

"NEVER use any cable lock, especially the kind with metal segment sheathing. Never leave it outside at night, even in a backyard or on the porch. Longer U-locks can be spread with a carjack.
'Post and ring' poles(like in Toronto) can be broken with a 2x4 and a swift kick. Signposts and parking meters are generally more sturdy as the city protects its income sources."

Take the front wheel with you when you lock your bike to something solid in a visible location.

Use multiple different types of locks. I use cable and U-lock. Theives can break most locks very fast, and will probably not want to spend time breaking through differnt locks with different tools.

I always try to find a place to lock up my bike that's either on a busy street, in plain view, in front of a store and in a well lit area; even if i have to walk an extra block or two.

and the funniest tip...

the best tip I ever heard was from a guy I worked with who biked downtown every day and locked up his bike with rope.

He would wind the rope through every hole, around the pole numerous times and overlap it willy-nilly -- it took about 5 minutes to wrap up his bike and he claimed it would take a would-be thief about as long to unwrap it.

You don't have to make your bike unstealable, you have to make it unappealing to steal and the most unappealing part of theft is taking so long that you get caught. Case in point, his bike was never stolen.