As lynne advised. before you do cancel backup everything before you do anything. You should have a backup already (I used to backup on a weekly basis, then it turned to a monthly chore now it's whenever I can be bothered which is never).
Ensure you have a replacement host in place then contact this host and cancel. You don't want to be left with a cancelled account and unable to retrieve vital files, databases you may want that are active on this host.
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