I don't know if the Canadian Cobra badge was dropped after 1993 or if they continued with it. More than likely though, your car is GT.
You should probably read up on the tips thread:
http://forums.stangnet.com/showthread.php?t=573378
Also, if the car is unmodified you should also consider these as your first modifications
First mods should be as follows (my take):
In order of Priority
1) Subframe connectors (SFC's) full length ones are prefered for a stiff chasis
2) Gears: 3.73:1 or 4.10:1 seem to be the popular choices
3) Full Exhuast (headers, hi-flo cats, catback +mufflers)
4) Buy a K&N panel filter (no CAI kit required) and put it in the stock box
5) Bumped timing to 12 - 14 degrees (free mod) 10 Degrees is stock.
6) Larger MAF, TB (MAF cars from 1988 california only, 1989-1993)
7) 3G alternator upgrade / electric fan
8) Fix the weak brakes
Optional MODs:
9) Strut tower brace (necessary on Convertibles IMO)
10) Underdrive pullies (they can't be used on S/C motors and cause charging problems)
11) Weight reduction out of the nose of the car
12) Shocks/Struts and lowering springs
13) C/C plates if you lower the car
After those (the basics), it's pretty much up to you. There are plenty of Super Chargers or Heads, Cam and Intake packages to choose from.
Also, don't forget about the basic tune up
1) Changing all of the fluids (oil, coolant, trans, rear end, brake and some of the power steering)
2) Plugs: (non-platnum type) Autolite or Motorcraft are prefered
3) Oil filter: Motorcraft or equivalent (not FRAM)
4) Air filter: see first mods item #4
5) Plug wires: Ford Motorsport (FRPP) 9mm units are great
6) Cap / Rotor
7) Oxygen sensors