One day on the New York Currency Exchange, 1 British pound (£1) could be exchanged for $2.75 in U.S. currency, and 1 Canadian dollar ($1) could be exchanged for $0.92 in U.S. currency. On that day, how much Canadian currency, rounded to the nearest Canadian cent, could be exchanged for £2 ?

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$$ £2 \cdot \frac{\$2.75}{£1} \cdot \frac{\$1 \text{ Canadian}}{\$0.92} $$ $$ = 2\cdot 2.75 \cdot \frac{1}{0.92} \approx \boxed{5.98} $$