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Cannon Valley is a locality in the Whitsunday Region, Queensland, Australia. In the 2016 census, Cannon Valley had a population of 963 people.
George Strong Nares (Royal Navy), the commander of HMS Salamander, named the area Cannon Valley, after Richard Cannon, the assistant surgeon on the ship. When town lots were sold in the coastal area 1904, the town name used was Cannonvale (which is now the neighbouring locality).
Cannon Valley State School opened in 1910, but in 1968 it was decided to relocate the school into Cannonvale as the majority of the students were coming from Cannonvale. The new school buildings in Cannonvale opened in July 1969 with 84 students and the school was then renamed Cannonvale State School.