Preheat oven to 325 degrees F. Spray 9 inch square pan with vegetable pan spray. In small bowl, combine topping ingredients; mix well until crumbly. Set aside.
In large bowl, beat granulated sugar and butter with electric mixer until light and fluffy. Add eggs, one at a time. Add vanilla and almond extracts; beat until combined. Combine flour, baking powder and salt. Add to butter mixture; mix just until moistened. Spoon batter into prepared pan; spread evenly. Top evenly with cherry pie filling; gently press cherries into batter. Sprinkle with topping mixture.
Bake 50-60 minutes or until toothpick inserted in center comes out clean. Cool in pan on rack. Serve warm or at room temperature.