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I am in the same position as you. Live in Vancouver, Canada. Have a Canadian credit card and a US mailing address. Just bought a Nook on Monday.
I haven't technically "bought" a book yet, but was definitely able to register my Nook no problem, and download a free sample of a book from B&N. I don't think it's a problem, and the lady at the counter said B&N allows a Canadian credit card but US address.
I even downloaded a Library book. I found it extremely easy to convert a file from MOBI to EPUB using Calibre.
Those are my thoughts, then again I haven't actually bought a book from B&N per se, but I would think that they wouldn't even allow me to download a sample from them if it was a problem with my Canadian credit card.
~Taya
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