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As far as I know there are no fines for watching Fox News.
I tried searching on the CRTC website and the only thing I found was a documents about Fox News Canada. Fox News Canada is a speciality channel that will brodcast Canadian content as well as international news from an American perpsective.
I didn't have time to search all the documents I found but I'm sure RACooper will be able to answer this question better than I.
There are many American channels that are specialty channels because of Canada Content policies. Therefore they are on available on satelite or on digital cable and you have to pay quite a bit to watch them.
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