The company has applied to the CRTC to be able to move its CFTO-DT signal on Channel 21, serving Orillia, onto its current transmitter that carries CKVR. It claims the viewing area won't be affected and notes the cost of servicing both of them is getting too expensive. It also asks the Commission not to force it to apply for a new licence, since it's the same station just on a different tower in a new location. 

As for the quality of the picture?

"Bell Media submits that multiplexing will not have a negative effect on the video quality of either signal. Both signals will remain in high definition and will continue to offer high-quality programming to Canadians."

Currently, both signals are transmitted over the air in high definition at 1080i. Following the proposed multiplexing arrangement, both signals will be transmitted in 720p high-definition: Both stations will therefore keep their high-definition broadcasts.

The move to 720p will result in a reduction of the number of resolution lines while at the same time, it will enable the use of a progressive scanning method optimized for smooth motion.

How much difference a viewer perceives between 1080i and 720p depends on the size and quality of the television set, and on the viewer's angle and distance from the screen. While the 720p image is smaller than 1080i, the progressive image will be sharper than an interlaced one, which is what is currently available to CKVR-DT and CFTO-DT’s viewers. Bell Media therefore expects that the change will not be noticed by most over-the-air viewers."

Friday is the final day for interventions, although why there would be any, I'm not sure. If you live up there and watch OTA, Bell is promising you likely won't see any difference.