Quote from: darkskypoet on July 11, 2011, 02:30:44 AM

Do you set your rates off the available Canadian exchange? or Mt. Gox and others? Just curious, as once we get a few more exchanges going... the mobility of BTC should allow reasonably connected international players to normalize the pricing via arbitrage... However, that doesn't appear to be happening yet... I know from where I am sitting, the transaction costs to cash out of the US exchanges are too high in terms of wire fees. Hmm... i guess until more merchants use it, BTCs are always gonna be defined by their liquidity into other currencies.

Its currently based of the bitcoincharts JSON feed for USD, then converted to $CAD, then the buy/sell spread applied.

The stupidly high wire transfer fee's and other ways of getting BTC out as real $CAD money was the main reason I setup the site to begin with... I was as fed up as every other Canadian, so decided to take matters into my own hands :p

James