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The following is not an exhaustive list of all settings,(see this PDF for a complete listing and explanations), but rather highlights that faculty members may choose to change from their default state to something else, as well as recommend their students set in a certain way.
Key:
= recommended for faculty member’s own notifications
✏️= recommended notifications for students to enable, as directed by faculty member(s).
= Faculty members who use this Canvas function— consider telling students about this notification.