You should be able to use an HDPVR on an SD TV and use the digital channels. My shaw HDPVR outputs a 480i signal when I'm not watching HD. I believe Shaw does, or at least used to, offer an SDPVR but for an extra $100 why not future proof yourself a little bit?
That said you can find old Shaw SDPVR's on craiglist and kijiji that you'll be able to transfer to your shaw acount...
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