Are there any Canadian credit cards available that don't have an extra foreign transaction fee

I have noticed that Canadian VISA and MasterCard credit card companies alike charge a 2.5% extra fee on all foreign transactions for Canadians using their credit cards outside North America. In the US, CapitalOne cards charge no fees and absorbs the 1% fee presented by MasterCard. The Canadian CapitalOne Cards, however, do not offer this. Does anyone have or know of any Canadian credit cards that have less than a 2.5% extra foreign exchange fee. I have already spoke to a few companies (TD, Citibank, CapitalOne, MBNA, ScotiaBank...) and seem to be getting the same 2.5% response. And whats with the lack of competition between Canadian credit card companies that allows for the lot of them to levy such a stupid fee? (But thats a question for another time...)

Are there any Canadian credit cards available that don%26#039;t have an extra foreign transaction fee of 2.5%?emergency loan

i inquired with capitol 1 where my card is and they said i had to pay 2.5% to convert to us dollars.... what a ripoff