Canon has just officially announced the new Canon PowerShot SX70 HS compact camera. It is a super-zoom point-and-shoot camera with a 65x, 21-1365mm equivalent F3.4-6.5 lens , a 20MP BSI-CMOS sensor, Canon’s latest Digic 8 processor, a fully articulating 3″ display to support its new CR3 Raw format. This new camera costs $549, available for pre-order at Amazon/ B&H/ Adorama. It will start shipping in late November.