This is sad news. I very “much” remember watching this channel with my daughter in the 90s.
Canada really does great TV. SCTV is one of the greatest TV shows of all time, pure snarky brilliance that you would never find on US TV. The only US show that comes close is Carol Burnett with her soap opera and movie parodies.
My favourite Canadian show was Forever Knight from the early 1990s. It was about an 800 year old vampire trying to redeem himself while working as a homicide cop in Toronto.