The architecture, featuring tall, colorful buildings with shutters and a stone-paved square, strongly suggests an Italian city. The presence of a canal and a lively market indicates this is likely a historic urban area, possibly Milan given the style of the buildings and the canal-side setting. I see text on a sign that looks like Italian, reinforcing this location. I am fairly confident this is the Navigli district in Milan.

Country: Italy, City: Milan.
Confidence: High.

then: guess