Flex - Laying out text within a Canvas

<mx:Canvas>
     <mx:Text text="{text}" left="5" verticalCenter="0" right="5" />
</mx:Canvas>

<mx:HBox
    width="500"
    paddingLeft="5"
    paddingRight="5">
    <mx:Spacer width="100%" />
    <mx:Text
        width="100%"
        text="{text}" />
    <mx:Spacer width="100%" />
</mx:HBox>