According to Canon china Canon is working on big sensor compact camera with high magnification zoom lens, take a look at the press text below
In addition, Canon is also developing a new premium digital compact camera that combines the merits of large sensors and high-zoom lens, further redefining the standard for high quality high zoom performance for compact models.
as we have already seen just few days ago Canon announced Canon G7 X camera compact camera with 1″ sensor and ultra slim body design, it will sure give tough competition to Sony ultra popular RX100 M3 camera, and we do hope that in future Canon will soon announce a 1 inch sensor based zoom camera that will compete with Panasonic FZ1000 and Sony RX10.
a screen shot of press release is below
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source Canon China