The photo is of their first, the Hansa Canon of 1936. Notice the popup viewfinder. The lens is a 50mm Nikkor, from the now-famous Nikon, which went on to become Canon's main rival. Nikon's model I, a Zeiss Ikon Contax copy, appeared in 1948 but the fully professional model S wasn't marketed until 1951.
Canon 35mm cameras—by then the Canon II series—were discovered by photojournalists covering the Korean War. They were fully the equal of the Leica it copied—in fact the shutter was more reliable—with lenses that often outperformed the Leitz equivalents, all at a much lower price.
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