Every user with access to at least one Canvas course, will also have access to Panopto. In addition to folders associated with Canvas courses, Panopto users each have a personal folder, labelled in Panopto as My Folder.
By default, only you can access content in your personal folder
Unless you deliberately change the share settings of the content in your personal folder, only you can access this material. Bear this in mind when choosing to record to your personal folder, as it will be your responsibility to move the material to the appropriate student-accessible course folder once it has been edited.