Yes.  Canvas has fairly extensive rubric options, allowing you to attach a rubric to an assignment, graded discussion items, and quizzes. Rubrics can be used both for grading purposes or for feedback only.  You can also create rubrics in Microsoft Excel and then import those rubrics into Canvas.

Further resources:

• What are Rubrics?
• How do I create a rubric in a course?
• How do I add a rubric to an assignment?
• How do I add a rubric to a graded discussion?
• How do I add a rubric to a quiz?
• How do I manage rubrics in a course?
• Installing & Using the Import Rubric Tool (importing rubrics from a spreadsheet)