it is like that; or, that's the way it is (affirming something) (see Molina)
Orthographic Variants:
canoço
IPAspelling:
kɑnoːso
Alonso de Molina:
canozo. es assi, o ello es assi, afirmando algo. Alonso de Molina, Vocabulario en lengua castellana y mexicana y mexicana y castellana, 1571, part 2, Nahuatl to Spanish, f. 12v. col. 1. Thanks to Joe Campbell for providing the transcription.