A Canadian based tire company is due a 2,500,000 SGD payment from its Singapore based distributor in 2 months. The Canadian firm hedges the exchange rate risk using a forward contract priced at 0.80 CAD/SGD. If the Singapore dollar depreciates over the next 2 months to a spot rate of 0.73 CAD/SGD, how much more or less will the Canadian-based tire firm receive in Canadian dollars by hedging versus an unhedged position ?