It looks like that 99% passing rate for Canada only applied to the first year or two of the test being available for Canadians. According to someone that contacted Apegga, apparently for the October 2007 exam in Alberta only 24 out of 41 passed, around 58%. Thankfully, I was one of those 24.
Truemanator,
I'm from Alberta and the number we were told was closer to 99% of us pass the FE exam... although I thought I did terrible and I still passed so maybe they don't even mark ours and just pass everyone.