While much is not known about the descendents of the Canaanites, what is well-established is that there is no movement to re-establish Canaan.

Corrected portion:

From the link Tashah provided:

Archaeologic and genetic data support that both Jews and Palestinians came from the ancient Canaanites,who extensively mixed with Egyptians, Mesopotamian andAnatolian peoples in ancient times...

I was mistaken in earlier stating that the Palestinians are descendents of the Arabs who invaded the region in the 7th century A.D. I regret the error.

Also, thank you Tashah for posting the genetic information of which I had not been aware.