There would be fewer local broadcasts and more acquisitions.
Major cuts to original made-in-Canada programs were announced for French programming in Quebec and probably for the English network too. Right now, the only option is acquiring foreign-produced programs.
There is another issue: it is clear that there will be a shortfall in news programming. With as much territory to cover as there is in Canada, and with the requirement to provide service in both official languages, we cannot provide adequate coverage with so few resources. This will clearly result in a democratic deficit for Canadians.