Here's an option
Try this one out...anything from Canon, for the most part, will be a great camera. The important factors that I've found to be worth looking at are the true megapixels (ultimately it depends on what you want to photograph), the optical zoom (don't worry too much about the digital zoom - its all "made up" pixel information, anyway) and whether or not the camera feels comfortable holding it, etc. Amazon usually has some great deals on Canon cameras, especially models that are being phased out, but are still good solid cameras.
Here's an example:
http://www.amazon.com/gp/product/B0...11/102-3631634-3456104?_encoding=UTF8&s=photo
I know this one is slightly out of your price range, but only by $10-20. So its worth a look. Also, if you have an Apple Store nearby, see if they still have any Sony DSC-P200 cameras still in stock, as they have been marked down in price to $150, I think. Its not Canon, but Sony does have good lenses, and a few of the people I know with Sony's are generally happy with them. The body style of the P200 is much better than many of Sony's others.
Good luck, hope this helps. Don't worry too much about some of the others saying that you can't get anything worthwhile for your price range. Yes, its a little on the low-end, but still completely do-able.