Stelco is "temporarily" closed, and Dafasco's on a 4-day work week right now. Everyone's being affected, and are thus cutting back on spending, and going to the cheapest place possible.
In my town there's currently a local hardware store (Week's of Waterdown) and a local lumber yard (Turkstra) but about 2 years ago they built a Rona and a Canadian Tire on the outskirts of town. There's also a Zeller's, and now a Walmart is being put up. I worked at Rona right after it opened for a year (until last July) and it got to the point where the store was so quiet that I went from 25 hours a week to 4 hours. It's just gone down hill from there, and the local businesses in Waterdown are definitely being effected (although people do try to support businesses like Week's, because they've been a part of Waterdown for so long - Week's tends to be busier than Rona, Canadian Tire, or Zellers).
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