Canon Announces Three PowerShot Cameras with HD Video

Canon isn’t going to have Nikon have all the announcement fun today. They’ve unveiled three new PowerShot compact cameras: the S95, the SD4500 IS, and the SX130 IS. The cameras will cost $400, $250, and $350 (respectively), and all offer HD video recording.

The S95 offers a new High Dynamic Range (HDR) scene mode that captures three photos with a single push of the shutter and combines the bracketed exposures into a single HDR photograph.

The SD4500 IS also rises above the other two by offering a 1080p HD video mode (the others have 720p), a super slow motion mode (240fps), and a speed burst mode of 8.4 frames per second.

Expect these cameras to hit the market late August or early September 2010.