Yes, if it wasn't for local news coverage I'd say get rid of them altogether.
Dougall Media is always getting in trouble though. It's only a matter of time before the CRTC dissolves them and gives CBC and CTV control of the stations. CTV will probably become part of the former MCTV system, we'll probably get CKND or CIII for Global and CBC will probably stay the same. As long as we maintain our local news. It's one of the best in the country. No sensationalizing and it has good coverage. Sure, the production values are low (Seriously, if you have Satellite, watch tonight's TBT Neuss at 6 and see for yourself what a joke these people can be!) but it's content level is good for a small market TV station in this era.
A better solution might be to make CHFD a full affiliate of CTV, get rid of it's Global programming and set up a repeater of CIII or CKND. That way they would have to air more of CTVs schedule. They've actually threatened to do stupid things if Shaw continued airing CIII and I think they wanted Bell and Starchoice to block other channels from the market on Satellite!

They're really eccentric there.
And the control they have over CFQK/CKED is more than questionable. The CRTC said that they were to have no influence over it at all yet not only do they control its marketing, they actually claim it as part of their company! It recently became a country station. It'll be a Hot AC station again in about a year though. I can't even get its signals on my radio.