If you do not want to embed your Panopto videos into another Page in Canvas, but do want students to engage with the recorded material at a particular point in the learning process, you can add the recording to a Module.
Navigate to the Modules section of your course. Chose the Module in which you want to add the Panopto video. Click the boxed “+” button in that module.
In the “Add Item to Assignments” display box open the “Add [External Tool] to Assignments” drop down.
Select “External Tool” and then scroll down to select “Panopto Video Module Embed.”
The “Link Resource from External Tool” display box will open next. Navigate to the drop down at the top of the box and select your course. The videos that are linked to the course in Panopto will populate in the box.
Select the video you would like to add to your page and click “Insert.”
The URL for that video will appear in the  URL text box in the “Add item to Assignment” display box. To complete, click  “Add Item.”
Remember to publish the video within the module so students are able to view it.
Depending on the settings of the Panopto folder, you might need to review the video settings in Panopto to ensure the video is published and viewable. In order to review the video settings. Navigate to the Panopto Recordings section of your course. 
Hover your mouse over the recording, and a few buttons will appear. Click the “Settings” button. 
Once you’re in the “Overview” window, scroll down to the “Availability” settings. Ensure “now” is selected.