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I've tracked conversion stats across hundreds of sites for clients over the years and I have some data on different countries and their conversions. All told, Canadian traffic converted slightly less well than US but I assume it's because the price point works out higher when being charged in US$. So for say a $29.95 that an American sees it's like $33.63 Candian right now.
One thing I noticed looking back over my records is that it's tightened up more in recent times. I wonder if that has to do with currency fluctuations. I don't have matching data on what the exchanges were over time.
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Retired Pornosticator
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