Top Definition
term used to describe an annoying person.
What the hell man, you're acting like a Canaco!
by Tunasalad24 April 18, 2010
spanish people (mexicans,salvadorians) use it to reffer a canadians person
person 1:What's up Felipe? it is Jhon an a u.s. guy ?
person 2: No he is Canaco
by rebetony June 13, 2011

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