The Collaborative International Dictionary of English v.0.48:

Canaan \Canaan\ n.
   an ancient country is southwest Asia on the eastern coast of
   the Mediterranean.

   Syn: Palestine, Holy Land.
        [WordNet 1.5]

WordNet (r) 3.0 (2006):

Canaan
    n 1: an ancient country in southwestern Asia on the east coast
         of the Mediterranean Sea; a place of pilgrimage for
         Christianity and Islam and Judaism [syn: Palestine,
         Canaan, Holy Land, Promised Land]