look up any word, like dirty sanchez:
 
1.
term used to describe an annoying person.
What the hell man, you're acting like a Canaco!
by Tunasalad24 April 18, 2010
 
2.
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