Heat oven to 375°F
Fit a standard mixer with a flat beater. Mix butter, shortening, confectioner's sugar, eggs, almond extract and vanilla extract on medium-low speed. Blend in flour and salt.
Divide dough in half. Place one half in a separate bowl and cover with a cloth to keep moisture. Blend in food coloring to the other half.
Take one teaspoon of dough from each half. Roll each into 3-inch ropes, then side by side. Start to fold each over the other, forming one spiraled rope. Curve top down to form handle of candy cane.
Complete each cookie one at a time. Place on baking sheets lined with parchment paper. Bake for around 9 minutes or until starting to turn VERY light brown on the white part of the candy cane.
After removing from oven Immediately slide parchment paper off baking sheet and sprinkle cookies with powdered sugar. Let cool and Enjoy!