Apparently so. Bell Canada last week announced it has agreed to acquire national consumer electronics retailer The Source. The Source (formerly Radio Shack) was orphaned by the bankruptcy late last year of the U.S. Circuit City empire.

In addition to its current lineup of consumer electronics products, The (new) Source will carry the full array of Bell consumer services at its more than 750 stores across Canada, including Bell Mobility, Solo Mobile and, potentially, Virgin Mobile wireless products and services, Bell TV’s High Definition television services, Bell Internet and Bell Home Phone products, by January 2010.

The Source will continue to operate at arm’s length from Bell following its acquisition. No word if Bell will close any existing Bell Mobility stores in malls where there’s also a Source. But we bet they’re taking a hard look at anything that will help save money, in the current economic climate.