The rooms are comfortable and the breakfast is good. It is located in the historical center, so very easy to reach everything.
However I wouldn't recommend this hotel because I know for sure the staff has stolen some clothes out off my backpack. When I went to the reception to tell them, suddenly nobody understood English ... I got my Spanish phrasebook to translate, but they didn't do anything about this problem!

When I visited Hotel Canada and spent $445 pesos for one night, on a Saturday. It's not a bad price, but there are many other hotels in the area for half of the price of this one. The room itself was pretty comfortable. The walls are paper thin. I could hear the ladies in other room talk for a few hours as well as someone else consummating their relationship. Other than being double the price and the walls being thin, the hotel was up to my standards.

Note: When I stayed, I was given a voucher for a free breakfast. I was a little impatient but the dining area wasn't very large making the wait time go up.

We stayed here for four nights in Feb 2010. The room was small, but clean and everything was in good shape. The shower was excellent with lots of hot water. We were on the 5th floor with a great view over the street. We were not bothered by street noise. A good breakfast is included and made to order. The serving staff are unfriendly and curt (except for Jonathan), but the food was good.

I'm used of cockroaches in Mexico but I couldn't sleep in bedroom where we saw more than 5 of them during the day within a short time span. Granted our friend's room seem to be just fine. We tried to switch rooms, but we saw another one in another room. So we decided to switch hotels to get a good night sleep. The Hotel Canada staff were cool about it and gave us a full refund. So overall, if you're looking for a hotel with a great location, extremely affordable, no frills and don't mind roaches than this is your place to stay. But I won't be going back.