In 2006, Caneda joined Mexican club Dorados de Sinaloa where he spent a year as a first team coach working alongside fellow Spaniard Juan Manuel Lillo.

In the middle of a great financial crisis, Al-Ittihad lost their Brazilian star Diego Souza in the week before the second leg due to repeated non-payments.

Caneda became, in this way, the owner of the largest series, 25 matches, without ever losing with one single coach in the whole history of the club which give to him a big reputation among Al-Ittihad fans.

The huge financial and sport crisis continued with the dismissal of historic players such as Hamad Al-Montashari, Mohammed Noor, Redha Tukar, and Mabrouk Zaid one month after Caneda's departure.

After 13 official games with 12 victories and only one defeat with the team in the first position in the league and above all, playing some brilliant football,[6] Caneda finished his contract with the club due to total absence of payments since the start of the season.

[clarification needed]However, one year after, Al Nassr chairman asked him to return to replace Fabio Cannavaro due to big pressure from fans and key players.