Upvote:3
In general, you should always apply for visas in reverse order of your itinerary. That is, apply first for the visa of the last country you visit or transit, and apply last for the visa of the first country you visit or transit.
This is because countries in the middle of your itinerary will want to know that you can lawfully enter the next country on your itinerary. This is of particular importance for Schengen visas; if you can't demonstrate that you can lawfully enter the next country on your itinerary, and that you have the money to do so, your visa may be refused.
So, you should apply for your visa to Canada first, and after you receive it, apply for your Schengen visa.
P.S.: If your daughter is a citizen or permanent resident of Canada, you may be eligible to apply for the parent and grandparent super visa, which is good for up to 10 years and for multiple entries of up to two years each entry. This may require a little more work to procure, but if you plan to visit your daughter frequently, or make an extended visit, it may be worth looking into.