Replying to Paypal Help Please

So I bought a 360 off ebay for 350 shipped. Anyways I payed with an echeque, finding out that it took 2 weeks to clear the guy refunded me and I payed with credit card. There is nothing on paypal that says I got refunded, but it says that my payment was cancelled. However, 350 was still deducted from my bank account.

 Feb. 14, 2008  Transfer  From  Bank Account  Uncleared Details   $366.10 CAD   Feb. 14, 2008  Payment  To  Winning Edge Products  Canceled Details   -$356.98 USD 

The top transfer is supposed to clear the 25th. Does this mean that when that date comes my money is going to be added to my paypal account, a nd just sit there?

Thanks guys