The spelling of the word "cancio" is actually incorrect, as the correct spelling is "canción" in Spanish. The IPA phonetic transcription for "canción" is /kanˈθjon/. The "c" is pronounced like a "k", while the "ñ" has an "ny" sound. The accent mark on the "ó" indicates that the stress falls on that syllable. It is important to use correct spelling in written communication, as misspelled words can lead to confusion or misunderstandings.