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Question: Air Canada reservation cancellation question

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I have the following scenario for which I want clarification.

It is currently 4PM. I am looking to book a ticket on ac.com for a flight that departs at 4PM tomorrow and returns 4 days later.

Air Canada has a 24 hour cancellation and full refund policy (provided that cancellation is made at least 2 hours prior to flight.)

Should for some reason I need to cancel purchase
A. Can I cancel before 2PM tomorrow and get full refund?
B. Does anyone know if purchasing a ticket within 24 hours will still give you up to 2 hours prior to flight for full refund?

Cancelation policy is here: http://www.aircanada.com/en/travelin...inecancel.html

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