My research indicates Canadian MSRP is 9.89% over wholesale (so $6K negotiating room on the car you are looking at). I usually use Car Cost Canada when buying a new car but interestingly they didn't have the X3 wholesale.
I'd be interested to know if a Canadian dealer would do $2K over wholesale.
Here is the response I got from CCC:
As follow-up to your inquiry in regards to the pricing availability for the 2012 BMW X3 35i, please be advised that we do have pricing for the 2012 BMW X3 35i but we are awaiting for our data provider to set this vehicle up in our system for data entry, if you are in a rush to buy we can provide you with an Interim Price Report which will include the Base and Option MSRP and Invoice Pricing plus the current incentives if available.
Please let us know if you are interested in this option.
CarCostCanada.com Data Team
There are two free services that I've tried; www.unhaggle.com
but the X3 was again MIA.