[Note: It is best to use Firefox for both recording and viewing in Panopto.]
From within your Canvas course, click on the "Panopto Recordings" link in the navigation bar on the lefthand side.
The Panopto interface will appear. Click on the "Create" button and then "Record a New Session."
If this is the first time you have accessed Panopto, you will now be prompted to install the Panopto recorder on your computer. Select either the Windows or OSX installer beside the Panopto Recorder description. If you've already installed the recorder, click "Launch Recorder."
Once the appropriate version of the installer is selected, the recorder will begin to download. Once the software has been installed, you will see the Panopto Personal Capture recorder.
Using Panopto in Canvas Recording a Personal Capture and Publishing to Canvas