OP, You forgot an important part of the email :
Coming August 22, 2012
The fee you are charged will be based on your 120 day BTC trade volume. Your current 120 day trading volume will be used when this fee schedule goes live.
Less than 100, 3.0%
100 to 300, 2.5%
300 to 600, 2.0%
600 to 1200, 1.5%
1200 to 2500, 1.0%
2500 or over, 0.5%
Chat I had on their IRC#, Sorry for it being poorly worded (I care very little).
[23:13] <Transisto> New fee structure is ridiculously high and will greatly reduce liquidity
[23:14] <BTC-Mining> Indeed it's quite high
[23:14] <Transisto> expect spread of ~1$ soon
[23:17] <Transisto> So if I buy 35 000$ worth of BTC you take yourself 1%, or 350$ ? withouth adding deposit fees/ withdrawall fees
[23:18] <Transisto> The reason you made no money is not because you had low fees, it's because you had no volume
[23:19] <mrSprinkly> the fees are awful
[23:19] <mrSprinkly> it might even be better to transfer to mtgox after the fees
[23:19] <Transisto>
The wide spread is what made you OFF-the-chart as a speculation trading exchange.[23:21] <BTC-Mining> I think to start with there's not enough Canadians interested in bitcoins...
[23:22] <Transisto>
MtGox can get away with 0.6 % because of how big it is. It would have been a better strategy to lower your in-exchange fees.[23:23] <mrSprinkly> once bitinstant begins accepting canadian cavirtex might be forced to change their fees
[23:24] <_Transisto>
Question, Why would I hold my $ or BTC with cavirtex when I can simply Wire it to MtGox 
[23:25] <mrSprinkly> international wires cost money
[23:25] <_Transisto> how much ?
[23:25] <mrSprinkly> $80/wire or so when i checked last year
[23:25] <mrSprinkly> but they may have changed it
[23:26] <_Transisto> that's what your bank charge ?
[23:26] <mrSprinkly> your bank charges some, as well as the receiving bank..
[23:26] <mrSprinkly> the receiving bank charge was the killer from what i remember
[23:27] <mrSprinkly> but from what i recall their international bank was located in japan.... so it might be different now
[23:27] <_Transisto> looking up what our canadian bank charge for wires
[23:28] <_Transisto>
http://www.tracenotes.com/reports/canada-bank-transfer.html[23:30] <_Transisto> so BMO charge me 70$ for 35000$
[23:30] <_Transisto> Canadian tire bank, 30$
[23:31] * brilthor (~brilthor@hamiltonfirewall.wice.ca) Quit (Ping timeout: 276 seconds)
[23:32] <_Transisto> For international wire transfer,,, and
CaVirtex want to charge 350$ for internal BTC/USB trades ... What the F have they been smoking ?[23:40] <_Transisto> And this ,,,
to be enacted with less than a week notice ?[23:40] <_Transisto> I mean REALLY ?
[23:41] <_Transisto> I never held any BTC or USD there, But
as a Canadian I am angry.
[23:42] <BTC-Mining> I transacted quite a few grand on Cavirtex. No need to say I might not be back with 3% fees.
