Since you're in Canada check out MEC, they are typically very fairly priced for a good product. I've never used their racks or panniers but that's where I'll be getting them when I do. I think the $20 front rack is the same as Kona uses on their Sutra. (touring bike)

MEC Racks

MEC Panniers (They come in sets, they just picture one side. Unless otherwise noted)