Is there anything on 93.5 HD2 currently? (Or just main 93.5 HD1 without additional HD programing?)

I'm in Hamilton, so it's fringe coverage here and HD is spotty at best so I can't confirm)

Could it mean that New Country will replace Today FM then?

Stingray should do something with 93.5. They are doing a best of as well as a morning show from Calgary on after 7 pm and they are only live from 10-6 on weekends. I have also heard so much repeated segments during so called live shows. Vanessa from the afternoon show is broadcasting from Vancouver. So there are times when you can hear a delay. The station sounds very amateur. Pattison does the now/today brand way better. Especially the original station in Edmonton. But now has expanded to Winnipeg and Vancouver and Today is in Calgary. All those stations are better than today in Toronto.
As for flipping to country I think it would do alright. KX country in Durham and Hamilton do quite well. So having something in the middle might be good.
I personally can't see 93.5 maintain this format for much longer. Honestly country is about the only option they could do unless they go head to head with an existing format. Maybe try to do alternative and compete with Edge and Indie but they would have to do it right in order to gain listeners