Have you uploaded the ancestry results to other companies? If not , I highly recommend you do. It is free ( or a minimum cost ).
I know you said you think that he may be an American or a Canadian, but he could be any nationality including British ,Australian, Polish and so on . Ancestry UK will give you all results from around the world that has tested with Ancestry , regardless of if it is ancestry UK or their Com or Au site . (,so do the other companies with their tests/ uploads)- but I find Ancestry is far more popular with Americans using their kits to test. With mine , I tend to get far more European matches on My Heritage, and far more Americans on Ancestry.
It's free to upload your Ancestry results to My Heritage and view your matches( you just pay a small fee for the extra features if you want these, the unlock feature , can't remember how much I paid)
I found my parent's half sibling ( who is a war baby )that we didn't know about , on My Heritage - who wasn't on Ancestry ( non british born). .I also have some full first cousins and second cousins ( British born) , and also half cousins ( non British born ) on my Heritage that are not on Ancestry.as they did not test with them.
It's really worth uploading your Ancestry results to other companies, spread the net. Not everyone who takes a test does an Ancestry one. Other companies results can't be uploaded to Ancestry - but ancestry's can be uploaded to other companies sites.
If it is any help - I share 562 and 546cm cms with my HALF 1st cousins ( both are full siblings to each other)
And my child shares( with the same two people) 346cm and 292cm with them , which are his HALF first cousins once removed
The match to the 262 one could very easily be a Half first cousin once removed , it falls within that 61% chance (.although you said you know the names on that maternal side and are tracing the paternal side)
Don't rule out being a half first cousin either at 262cm , as it can fall in with being be a Half first cousin too , and not a removed ( There is 16% chance of being a half first cousin) .
As a good example of this , My first full cousin only shares 253 cm with one of those same first half cousins ( which is 13% chance according to dna painter website) - whilst my child's who is a once removed and shares 292 cm ,and where I am 546 ..Hell of a difference between full cousins and full once removed sometimes sharing with half cousins . My child shares more cms to the cousin( half first cousin once removed to my child) than my full 1st cousin does to our 1st half cousin , Which is really not in the least surprising (as my 1st full cousin tests a lot lower than I do to our parents half sibling , just a little over 700cm to my well over 1100 cms) .
I would certainly not discount the low matches.
69cm may not be too far back.
I share 149cm with one of my known full second cousin once removed ( common
link is my great grandparents
and my matches gg grandparents) -.my child shares 69cm with the same person ( third cousins)
If you haven't done so already, my one major tip to you is consider uploading the results to other companies.
It also it is very much a waiting game too .
Good luck.
Kind regards.