Online stores in Canada have already begun marking down the 16GB HP TouchPad to $99! The 32GB version is being marked down to $149! Best Buy in Canada had the units on sale today and according to SlickDeals forum those prices will be coming to U.S. vendors starting Saturday, August 20th. The sale is also rumored to only be good through August 22nd (as it is listed on the Canadian web sites). TouchPad

The flood of orders since the announcement in Canada has led to all the online vendors there being sold out. Future Shop and Best Buy Canadian web sites are already empty of inventory. Stateside, Target has the Touchpad listed for $99 and also marked out of inventory. Amazon still had over 30 in stock, but has not yet marked the price down. Best Buy’s American site also has not dropped the price yet, but is already marked Sold Out Online. Every web site listing it with the $99 price is currently out of stock, sold out, or listed as not available online. It’s being reported that brick and mortar stores may be the best bet for taking advantage of this deal. Best Buy received an especially large shipment of the units when they first became available in July.

The HP TouchPad is a 9.7-inch tablet powered by the WebOS operating system and weighs 1.65 pounds.  It has a 1.2GHz Snapdragon processor, 1GB RAM, 1024 x 768 touch-screen display, built-in speakers, a 9-hour battery, comes with WiFi and Bluetooth communications enabling both web surfing at home and wireless printing.  It also comes with an integrated email application for hooking up to all the popular email platforms like Gmail, Yahoo, Hotmail, MobileMe, Exchange and SMTP/POP3 providers. It has multiple other applications and a built-in front-facing camera for video chatting that works with the already installed Skype.