This is the most weird camera I have ever seen, you have a miniDV tape camera appartently without a Firewire I/O connector. I just looked at this Canon specification http://www.usa.canon.com/consumer/controller?act=ModelInfoAct&fcategoryid=177&modelid=1620 6#ModelTechSpecsAct
and there is nothing about a Firewire/IEEE-1394/etc. Without a firewire interface Premiere is unable to capture video. apparently there is some software supplied with the camera, maybe it can capture the video via the USB interface to your computer and then (if it is the correct format) you can import it to Premiere.
After considerable more digging there is a HDV/DV connector which is their name for the IEEE-1394. Are you using this connector to your computer?
I really appreciate your help Bill,
I'm not using an IEEE-1394 connector which I'm pretty sure is the problem. I was using the USB connector that same with the camera and I think that's for still images. I didn't get an IEEE-1394 with the camera so I'm going to go pick one up tomorrow and try to capture again. I feel kind of dumb now, not thinking about firewire. Just a few weeks ago I was with a friend who was capturing with a firewire/IEEE-1394 cable.
Thanks much for your help Bill, again, I really appreciate it!