What do you think is their target market? I'm not sure either, but as a Canadian, this card has been a godsend
There are less than a handful of credit cards in Canada that waived forex fees, so if we wanted to shop in the US, it'd be in cash, or with one of those cards, or a Canadian domiciled USD card with no rewards
This TD card not only gave another 25k miles (matching the Canadian bonus), they're very open towards Canadian applicants, which conveniently gives me a US domiciled card (Newegg comes to mind, and gas pumps in some states) and a sink towards using my existing USD rather than exchanging it at the poor current exchange rates.