<link rel="canonical" href="<a class="external" rel="nofollow" target="_blank">http://www.sitename.com/</a>" />
would be correct. Don't forget the double quotes!
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RE: Rel Canonical Syntax
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<link rel="canonical" href="<a class="external" rel="nofollow" target="_blank">http://www.sitename.com/</a>" />
would be correct. Don't forget the double quotes!