The US folks would tell you a few things:

1) Hold out for a bigger bonus offer.
2) We know that there are not too many CAD cards with no foreign transaction fees.
3) You could get a little upset because with the CAD so close to par with USD, why the annual fee is that much higher (unless bad things are in store for the USD card).

You get a CHIP. Woo hoo! (I know, standard for the territory there..)

Rasheed